Earlier in this space on 13 Feb 2025 we have discussed the resurgence of the Fintech sector and the base building of the famous fintech ETF form Ark investments $ARKF. Many Fintech stocks like 
HOOD, 
COIN, 
PYPL, 
XYZ etc had a great Nov 2024 to Jan 2025. The story was the same for the fintech stock Upstart which had an AI component in it. The AI-based lending platform was up almost 180% last year with 95 $ as an ATH. But since then, the correction in S&P and NASDAQ has been unforgiving for stocks like $UPST.
Upstart is down 50% in this correction phase and below its 20, 50 and 100-Day SMA. But it is still above its 200-Day SMA. In technical analysis, we would say that as long as the previous tops which act as support holds then we can remain bullish on the stock. This sentiment washout for
UPST might be coming to its end. As long as the stock is above the 200-Day SMA of 48 $ and consolidating here the strategy is to go long $UPST.
UPST long above 48 $.
HOOD, COIN, PYPL, XYZ etc had a great Nov 2024 to Jan 2025. The story was the same for the fintech stock Upstart which had an AI component in it. The AI-based lending platform was up almost 180% last year with 95 $ as an ATH. But since then, the correction in S&P and NASDAQ has been unforgiving for stocks like $UPST. Upstart is down 50% in this correction phase and below its 20, 50 and 100-Day SMA. But it is still above its 200-Day SMA. In technical analysis, we would say that as long as the previous tops which act as support holds then we can remain bullish on the stock. This sentiment washout for
UPST might be coming to its end. As long as the stock is above the 200-Day SMA of 48 $ and consolidating here the strategy is to go long $UPST.UPST long above 48 $. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.