Resistance

Reversal

MN Coin

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Upstart stock price (NASDAQ: UPST) is down by 52% in the current month.</a> </li> 
 <li> <span>2</span> <a>UPST stock drops below the 50-day EMA and struggles to hold the 200-day EMA.</a> </li> 
 <li> <span>3</span> <a>Upstart Holdings, Inc. beat the EPS as well as revenue estimates in earnings.</a> </li> 
</ul> 
<p>Upstart stock price (NASDAQ: UPST) is down by 52% in the August month. It showed a steep fall from $70.00 which hurt the sentiment of its investors.&nbsp;</p> 
<p>UPST stock price dropped below the 50-day EMA and formed a highly bearish pattern. Buyers are trying to defend the 200-day EMA support to keep the positional trend in the upward direction.&nbsp;</p> 
<p>Upstart Holdings, Inc. performed well in the past 2 months and showed a surprising rally. At the beginning of June, UPST stock broke out of the $25.00 hurdle which triggered the positive sentiment.&nbsp;</p> 
<p>Later, prices began to rise by forming higher highs and rallied approximately 150% in the period of two months. The momentum in the Upstart stock halted near $72.00 and prices witnessed profit booking before earnings.&nbsp;</p> 
<p>Upstart Holdings, Inc. released the quarterly earnings on August 8, 2023. It reported a positive EPS of 0.06 and revenue of $135.766 Million.&nbsp;</p> 
<p>Company beats the EPS estimate by 187.61% and revenue estimate by 0.41%. Despite that, the stock prices reacted negatively and fell 34% the next day after earnings.</p> 
<h2 class="wp-block-heading" id="strong-will-upstart-stock-upst-consolidate-near-30-strong"><strong>Will Upstart Stock (UPST) Consolidate Near $30?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/vtVupM0cGLVarGMVjiRi_MLt46rfsSxebv4cNiJYQ_0kMSe0mrCcn9uJEZ1dWqsoY96JFrf02sT2LaqUiFRzupLcJjOxpVoewiZuq-q5GRAbEcYULRsuhaKojebcdmt3dIR2M5G8i7B2LXCd5gkTcw" alt="Upstart Stock fell 52%; Smart Money Dumped the UPST Stock?"> 
  <figcaption class="wp-element-caption">
    NASDAQ: UPST daily chart by <a href="https://www.tradingview.com/x/RWEXLyYA/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Upstart stock price (NASDAQ: UPST) collapsed after earnings and a massive spike in the selling volume is visible. It seems like smart money has pumped the <a href="https://www.thecoinrepublic.com/2023/08/17/after-losing-24-weekly-upst-stock-is-ready-to-bounce/" rel="noopener noreferrer nofollow">UPST share prices</a> before earnings.&nbsp;</p> 
<p>Upstart Holdings, Inc. stock became overvalued at $70.00 so slow and steady they began to offload the shares. The quarterly earnings had brought the volume which is used by big players to dump the stock.&nbsp;</p> 
<p>Till the UPST stock trades below $40.00, it is expected to remain in the bears’ grip. The technical analysis suggests Upstart stock might consolidate for some time before deciding further direction.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-is-reversal-possible-in-upst-stock-strong"><strong>Is Reversal Possible in UPST Stock?</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_be027"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NASDAQ:UPST",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_be027"

}

  );

  </script> 
</div>  
<p>UPST stock price formed Doji candle on the weekly time frame. It shows that buyers are active near $30.00 level and are trying to halt the downfall. However, the broad market is favoring the bears so possibility of upside reversal remains low.&nbsp;</p> 
<p>The MACD curve in Upstart shares has generated a negative crossover. It shows sellers are more active as compared to buyers. The RSI at 35 slopes sideways denotes prices are oversold due to this short term bounce toward $40.00 may come.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Upstart stock price (NASDAQ: UPST) showed a steep fall in the month of August and eroded previous gains. It seems like some big players had dumped the UPST stock and taken exit at higher levels.</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $43.00 and $53.00</li> 
 <li>Support levels: $23.00 and $30.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Upstart Stock fell 52%; Smart Money Dumped the UPST Stock?

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Thecoinrepublic.com

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