ຮຸ້ນ Upstart: ລາຄາຮຸ້ນ UPST ຈະຟື້ນຕົວຈາກຕໍ່າສຸດ 52 ອາທິດບໍ?

  • Upstart stock price fell 30% on a monthly basis and is trading near a 52 week low.
  • UPST stock price slipped below 50 day EMA showcase downtrend.
  • The price was negatively impacted by global sell off.

Upstart (UPST) stock price fell 30% on a monthly basis and almost 15% decline came from the current week. It has slipped below the 50 day EMA and broken down the $16.00 support, highlighting the strength of the bears. 

UPST stock is near its 52 week low which might act as an important demand zone for the bullish traders. It formed a double top bearish pattern and broke the neckline support which created concern for its long term investors. 

It closed the previous session at $12.94 with an intraday decline of 4.71%, the market capitalization stands at $1.05 billion. In mid-February, Upstart Holdings Inc released fourth quarter earnings, which met the analyst estimates. 

As such, UPST share price surged 28% on a single day and tried to break out of the $20.00 hurdle. However, this was not successful and prices began to consolidate by forming a rejection candle. UPST stock price continued to consolidate for a few weeks in the $16.00-$20.00 range, in the hope for an upside range expansion.

Will Upstart Stock Price Hit a Fresh 52 Week Low?

NASDAQ: UPST daily chart by TradingView

Upstart stock price witnessed huge selling and drops below the lower range support of $16.00, which brought in further decline. UPST also got negatively impacted by the global sell off in the U.S banking and financial stocks. 

Technical analysis suggests that if the sell off in the global market continued, then UPST stock might hit a fresh 52 week low in the coming months. However, if the bulls are able to defend the $12.00 support, then a short term relief rally is possible to clean out the short positions. 

Will UPST Stock Price Rebound?

UPST stock formed a bearish pattern and any signs of recovery or rebound is not visible. Therefore, the Upstart share price is in a bear grip and any short term pull back will lack momentum on the higher levels. 

However, if the UPST stock bulls manage to break out of the $20.00 hurdle, then we may expect some sharp rise for the short period. The technical indicators like MACD had generated a negative crossover, suggesting bearishness to continue for some time. The Relative Strength Index (RSI) at 34 sloping down denotes that prices might enter into the oversold territory. 

ສະຫຼຸບ

UPST price is down by 30% on month and racing toward its 52 week low. Technical analysis suggests that USPT stock price is in a bear’s grip and there no signs of recovery or rebound is visible. 

ລະດັບເຕັກນິກ

ລະດັບການຕໍ່ຕ້ານ: $20.00 ແລະ $26.00

ລະດັບສະຫນັບສະຫນູນ: $12.00 ແລະ $10.00

ຂໍ້ສັງເກດ

ທັດສະນະແລະຄວາມຄິດເຫັນທີ່ຂຽນໂດຍຜູ້ຂຽນ, ຫຼືຄົນທີ່ມີຊື່ໃນບົດຄວາມນີ້, ແມ່ນສໍາລັບຈຸດປະສົງຂໍ້ມູນເທົ່ານັ້ນ, ແລະພວກເຂົາບໍ່ໄດ້ສ້າງຕັ້ງທາງດ້ານການເງິນ, ການລົງທຶນ, ຫຼືຄໍາແນະນໍາອື່ນໆ. ການລົງທຶນໃນຫຼືການຊື້ຂາຍຊັບສິນ crypto ມາພ້ອມກັບຄວາມສ່ຽງຂອງການສູນເສຍທາງດ້ານການເງິນ.

ຂໍ້ຄວາມຫຼ້າສຸດໂດຍ Andrew Smith (ເບິ່ງທັງ ໝົດ)

Source: https://www.thecoinrepublic.com/2023/03/26/upstart-stock-will-upst-stock-price-rebound-from-52-week-low/