Trading JournalBought at the bounce of the 21 ema, looked poised for breakout but failed and closed below 10 ema
U2PS34 trade ideas
UPST Elliott Wave Setup: Eyeing a Wave (4) PullbackUpstart Holdings (UPST) is forming a potential Wave (4) correction on the daily chart.
Here's the breakdown:
1. Support Zone: Watching $60.48-$61.75 (0.618-0.786 Fib retracement) for a possible reversal.
2. Upside Targets: If this zone holds, Wave (5) targets are $95.49 and $115.86.
3. Stop-loss: Set at $58.00 to minimize downside risk.
This setup offers a clean risk-reward opportunity, waiting for confirmation of support in the highlighted zone
$UPST - Long to $200+UPST appeared on my screener as it emerged from the monthly rectangle channel. Target’s price is over $200.
Upstart $UPST - Is a falling knife but could be a buying oppNASDAQ:UPST 🔪🩸
Currently down over 13% due to JPmorgan analysts underweight rating. As long as this Double Bottom breakout area holds I don't see how Upstart doesn't bounce and head towards the profit targets. No reason to run for the doors yet on this name.
-Double Bottom Breakout with Successful retest.
-H5 Indicator is Green
-Williams Consolidation Box is Thriving
-AVP Shelf to launch off
Break below $62 would be very BEARISH!
🎯$108📏 $133⏳ Before 2027
NFA
UPST - Bullish Cup & Handle SetupSummary: UPST is high watch alert for me this week - this ticker consolidated after strong ER results and has traded sideways for over 3 weeks and now getting ready for breakout with cup and handle driving into overhead supply.
400% extension for Upstart Holdings IncOn the above 10 day chart price action has corrected 70% since mid 2023. A number of reasons now exist for a long position, including:
1) Price action and RSI resistance breakouts. The recent rally in price action has broken the downtrend confirming past resistance as support.
2) Regular bullish divergence.
3) The falling wedge pattern has now confirmed with a 400% forecast to 130.
Is it possible price action continues with the correction? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Timeframe to target: 2024
Stop loss: elsewhere
Upstart bearish rising wedge + gap closureUpstart rising wedge with a gap from $57. Higher highs, higher lows with narrowing price range indicates slowing momentum. Previous failed attempt to break the $83-84 resistant, gap down coupled with a gap from $57 suggest likely one more attempt to break up will end up losing momentum, causing price to decline rapidly to close $57 gap before stabilising at the $63-64 mark.
$UPST Forming a Pennant?I like that NASDAQ:UPST is pulling back on declining volume. I have an alert set on a cross above the Pennant Downtrend Line. “If” that happened I will look to go long with a stop just below the previous low. Let’s see what happens.
UPST to BreakoutNASDAQ:UPST
UPST building bullish momentum with a nice bullish FVG tag. I am looking for UPST to tag the $72 level
Trade Review - UPST
Added UPST to the watchlist on October 27 due to a bullish continuation pattern on the daily chart. A quick look at the higher timeframe showed that the price was near the upper extreme of its range, with an earnings report date approaching as a precaution.
I closed the position within the measured move range (based on the assumption that the stock would maintain a similar range and volatility). However, expect that events or shifts in market behavior can move prices short of / outside this projection.
Trade Overview
• Structure: Bullish Continuation (D) / Range (W)
• Position: Near Mean (D) / Inside Range (W)
• Entry Trigger: Failed Breakdown (BIR) at EOD
Entry Details
• Entry Price: 50.26
• Stop Price: 45.41 (1.7 ATR)
• Target Price: 72.24
• Expected Risk/Reward: 4.55 R
Exit Strategy
• Exit Price: Closed 80% at 1R and rest into 72.24. Precaution into ER.
UPSTabove 51.3, heading to 72
an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
$UPST Bullish Flag can Test August '23 HighIn my search for technically sound swing trade ideas I stumbled on $UPST. What we are looking at is almost a perfect technical setup of a bullish continuation flag. We have a nice breakout or "flag pole" on high volume followed by a generally controlled flag pattern down with low volume. What I really like about this setup is it is measuring to test its August '23 high almost perfectly. According to technical analysis, "flags fly at half mast" meaning they form at the midway point of the move. In order to measure the following move precisely you can measure the distance of the preceding breakout point. In this case, the breakthrough of the lower level resistance. Measuring this, I found that the following move could be around $12, putting it at $60 a share and right at the upper level resistance. Invalidation would occur with a daily close below the lower trendline of the flag. I think we could see the start of a large upside move within the next week or two. Unfortunately, we also have the election next week which does all sorts of weird things to the market as a whole. If this setup invalidates but bounces off the lower (previous) line of resistance- I will take another look.
New Setup: UPSTUPST: I have a green setup signal(dot Indictor). It has a good risk-to-reward ratio(RR:). I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(white line). If triggered, I will then place a stop-loss below(SL) and a price target above it(TP).
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Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level.
Upstart Holdings, Inc. (UPST) on a weekly timeframe.Upstart Holdings, Inc. (UPST)** on a weekly timeframe.
Key Price Levels:
1. Support Zones:
- Around $40 to $42: This green-shaded area represents a prior consolidation zone that now acts as a key support. A retest of this area would offer a lower-risk entry.
- $28 to $30: Below the current price, this is a secondary strong support zone where the stock previously based, as indicated by the consolidation in early 2023.
2. **Resistance Zones:**
- $55 to $58: The stock is approaching resistance here, where it faced prior selling pressure.
- $70 to $72: This is the next resistance if it clears the $55-$58 zone.
Projection and Pattern Analysis:
- The chart shows a breakout from consolidation with a sharp upward movement, suggesting bullish momentum.
- The white line drawn on the chart represents a price projection potentially reaching $65 to $72, implying a continuation of the trend if the stock breaks out of the current resistance zone.
Optimal Entry Points (Risk Zones):
- $40 to $42: Ideal lower-risk entry on a pullback, as it aligns with a support zone and prior consolidation.
- $46 to $48: This zone could also act as an entry, but risk increases here since it's closer to current resistance.
Exit/Profit Targets:
- First exit target**: Around $58, which is near current resistance.
- Second exit target: Around $70 to $72, where strong historical resistance exists.
Stop Loss Consideration:
- A stop loss should be placed below the $40 support zone (around $38), as a breakdown below this level would indicate a potential reversal in the trend.
Summary:
- Entry zones: Ideal entries are in the $40 to $42 range or on a pullback near $46 to $48.
- First exit target: Near $58.
- Second exit target: $70 to $72.
- Stop loss: Below $38 to protect capital if the trend fails.
This setup looks bullish in the short term, with the potential for further upside if resistance levels break.
UPSTART HOLDINGS Short Trade in Motion! Awaiting Profit TargetsTechnical Analysis: Upstart Holdings – 15-Minute Timeframe (Short Trade)
A clear short trade entry was identified at 51.67 for Upstart Holdings. The price is currently moving in the anticipated direction, and we are waiting for the profit targets to be hit.
Key Levels
Entry: 51.67 – The short position was initiated after identifying strong bearish momentum.
Stop-Loss (SL): 54.54 – Positioned above resistance to manage risk and protect against potential reversals.
Take Profit 1 (TP1): 48.13 – The first target we are eyeing as the bearish trend unfolds.
Take Profit 2 (TP2): 42.41 – A further downside target as selling pressure increases.
Take Profit 3 (TP3): 36.68 – If the bearish momentum remains strong, this is a possible next target.
Take Profit 4 (TP4): 33.14 – The ultimate target, signaling a significant downward move.
Trend Analysis
The price is trading below the Risological Dotted trendline, confirming a solid downtrend. With the entry in place, we are now waiting for the price to reach TP1 at 48.13 and beyond, depending on further momentum.
The short trade on Upstart Holdings has a promising setup with a clear entry at 51.67. We are now monitoring the trade as it approaches the first target, expecting further downside momentum.
$UPST - Coiled at the critical juncture
Holding well into the supply and above key level at 38.
Daily range is also quite tight, and for now testing 5EMA on daily.
High short interest makes this a squeeze candidate going into October, with monthly bullish candle.
IF can push off 45, 75 will be first target and volume suggests, higher price is attainable.
Upside targets: 50, 60, 75
Stop loss: 38.0
Disclosure: Long via commons.
UPST Cup and Handle Formation:
The chart clearly displays a rounded "cup" pattern from November 2023 to around September 2024. The "handle" appears to have formed in late September and early October 2024.
This formation is a bullish signal, often indicating a continuation of the upward trend if the price breaks out above the handle.
Key Resistance and Support Levels:
There is a resistance level around $54.52, which corresponds to a previous high in December 2023.
Another, more distant resistance level is at $72.19, which is highlighted as a potential target if the price breaks out of the handle formation.
The support zone is marked between $36 and $44, where the price consolidated during the handle formation.
Potential Target:
Based on the height of the "cup," if the price breaks the $54.52 resistance, there is a potential upward move towards the $72.19 level.
The green dashed line indicates the projection of this bullish move, suggesting a strong upward trend could follow the breakout.
Current Situation:
The price is currently trading around $47.02, which is above the handle. A breakout above $54.52 would confirm the bullish move.
However, if the price falls below the support zone, it could invalidate the bullish scenario and lead to a correction.
Suggested TradingView Description:
The Upstart Holdings, Inc. (UPST) chart displays a textbook "Cup and Handle" pattern. A breakout above the $54.52 resistance could signal a continuation of the uptrend with a potential target around $72.19. The current support zone is in the $36 - $44 range, with a bullish breakout confirmation needed for further gains.
UPST BreakoutUPST - Breakout on going
Following an initial pump of 120%, the price action consolidated with higher lows and volatility contraction (VCP). This is the kind of price action we are closely monitoring.
Entry 42.3
Stop loss 40
TP1 30-50%: after 4-5 days
Then Stop follow up (visual) with EMA 10 or EMA 20
UPST: $50 or $25 First?UPST fundamentals still not looking great, but this could be an interest rate and AI play that gets price to $50 and beyond.
Do you think we see $50 first or $25 first?
Upstart Holdings Inc. Announce Convertible Senior Notes OfferingUpstart Holdings, Inc. (NASDAQ: UPST) recently made headlines with the announcement of a $300 million private offering of Convertible Senior Notes due 2029, with an additional $45 million option granted to initial purchasers. This comes at a pivotal time as Upstart (NASDAQ: NASDAQ:UPST ) aims to use a portion of the proceeds for general corporate purposes and repurchase part of its outstanding 0.25% Convertible Senior Notes due 2026.
The notes, senior and unsecured, bear interest and are convertible into cash, shares of Upstart's common stock, or a combination thereof, at Upstart's discretion. The company also announced the intention to use the net proceeds to enter into capped call transactions, offsetting potential dilution in stock value. As this activity ramps up, analysts are closely watching the movement of NASDAQ:UPST , particularly its recent price action and trading indicators.
Technical Outlook
From a technical perspective, NASDAQ:UPST stock has been facing some headwinds. The stock is currently down 4.65% in Monday's session, a notable dip following the news. However, despite this downturn, there are some encouraging signs on the horizon.
1. RSI at 57: The Relative Strength Index (RSI) shows the stock is not yet oversold, hovering around 57. This indicates that, despite the price dip, there is still potential for upward momentum, especially if the stock enters oversold territory (below 30 on the RSI).
2. Moving Averages: NASDAQ:UPST remains above its key moving averages, offering a glimpse of support levels that could serve as a cushion against further drops. These technical levels suggest that the stock has not yet hit a bottom, but there may be opportunities for bullish investors looking to re-enter at a favorable price point.
3. Volume: Trading volume is likely to increase as the market reacts to the offering news and convertible note transactions. Historically, NASDAQ:UPST has seen higher volatility around such announcements, which could lead to short-term price swings before settling into a more stable trading range.
Further Explaining
The convertible senior notes offering shows Upstart’s focus on long-term strategic funding. The company plans to use part of the proceeds for general corporate purposes and to pay for capped call transactions, which are designed to reduce potential dilution in common stock upon note conversion.
Upstart's leadership in AI-driven lending and its continuous efforts to innovate in financial services support its potential for long-term growth. However, in the near term, the market will be watching closely how the convertible note offering plays out and whether Upstart (NASDAQ: NASDAQ:UPST ) can maintain its momentum amidst potential stock dilution concerns. The company has proven itself capable of raising capital in challenging environments, and this offering could set the stage for future innovation and growth.
Investor Consideration
For investors, the convertible note offering provides an intriguing angle. Those looking for high-risk, high-reward plays might find value in NASDAQ:UPST , as the stock is trading above key support levels. However, the stock's volatility and recent dip serve as a cautionary signal. It's also worth noting that while the RSI remains hopeful, investors should watch closely for any further breakdowns in price, which could signal more bearish momentum.
As Upstart (NASDAQ: NASDAQ:UPST ) continues to innovate with AI-powered lending and shifts in its debt structure, the stock will likely experience fluctuations. A long-term bullish outlook might remain intact if the company successfully manages this capital raise and the accompanying capped call transactions.
In conclusion, Upstart (NASDAQ: NASDAQ:UPST ) offers an intriguing mix of short-term uncertainty and long-term potential, particularly with its convertible note offering and strategic maneuvers in the financial sector. Investors should weigh these factors carefully while considering their positions in the stock.
UPST will 'UP-START' to new highs soon.UPST is conveying significant net buying / accumulation at the current price range. It is now consolidating at a very strong order block support of 14.0 to 15.0 levels.
Expect a reversal to the upside from this levels.
Multiple weekly higher lows formation was detected -- with the third one being formed this week, a massive confirmation of future price growth.
Spotted at 15.6
TAYOR.
$UPST with a golden crossNASDAQ:UPST - with a golden cross on the daily time frame after almost 9 months, it looks like we're about to see a move soon on this one. watch for a break and close over $38 resistance; above that, we could see it target $40 resistance. if it breaks through that level, chances are high it could reach new 52-week highs and possibly test that $50 mark in the coming days.
