Million

Resistance

Reversal

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>UPST’s stock price lost its path and lost 17.60% of its trading price in a month.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Upstart Holdings, Inc.’s market cap surged approximately 108% in 2023 compared to 2022. </a> </li> 
 <li> <span>3</span> <a>Despite positive revenue in Q2 2023, UPST stock declined heavily on August 8, 2023.&nbsp;</a> </li> 
</ul> 
<p>UPST stock has been declining for the past three months, losing 27.93% of its price. However, Upstart share price declined by over 1.20% in the weekly; and 17.60% in a month.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-upstart-holdings-inc-upst-stock-price-analysis-strong"><strong>Upstart Holdings, Inc (UPST) Stock Price Analysis&nbsp;</strong></h2> 
<p>In the 52-week time frame, UPST stock peaked at $72.58 while the lowest traded price was $11.93.</p> 
<p>Upstart Holdings, Inc. has a market capitalization of $2.253 Billion. Data from companiesmarketcap(dot)com shows that the market cap surged by 108.17% in 2023 compared to 2022.</p> 
<p>The MACD line and signal line intersect each other below the zero line. However, the histogram above the zero line indicates accumulation by the bulls.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
  <img decoding="async" loading="lazy" src="https://lh4.googleusercontent.com/LOOgLGuwOZsRxErLkoGeajFj3zoS88KaKUDW13Fm89pUTttdAgsXnFuQmQsByI39CH2tz6tRzh3PRDCsY_FuMJSKflXcTNiDyXqtdMHYy1wRFRubaLHbR20TImL0cfKGTt3A8QfR4qeFQjAN7vXDaWY" alt="UPST Stock Aims to Retest 20-Day EMA; MACD Indicates Reversal&nbsp;" style="width: 100%;height:581px" width="1170" height="581">
  <figcaption class="wp-element-caption">
   Source: UPST stock price chart from <a href="https://www.tradingview.com/x/lSfkikvf/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>The RSI line and RSI-based MA line have been intersecting just above the oversold territory. It is believed that if sellers continue their dominance over buyers, further decline is expected.</p> 
<p>Despite a decline over the weekly, monthly, and quarterly time frames, Upstart stock price surged 61.61% in the past six months and approximately 97.79% in the Year-to-Date time frame. When writing, UPST stock was trading above its annual price target of 23.82.</p> 
<p>When writing Upstart Holdings, Inc. the stock price was trading below 20,50,100 and the 200-day exponential moving averages.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-upstart-holdings-inc-financial-updates-strong"><strong>Upstart Holdings, Inc. Financial Updates</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/08/28/rsi-suggests-overselling-upst-stock-still-aims-to-achieve-40/">Upstart Holdings, Inc.</a> released its financials for the second quarter of 2023 on August 08, 2023, and a significant decline in UPST stock trading price was seen despite its positive revenue.</p> 
<p>The company’s reported revenue was 0.41% greater than the estimated revenue. The company’s estimated exponential moving average (EPS) was negative $0.07; however, the reported EPS was positive $0.06.&nbsp;</p> 
<p>In 2022, Upstart Holdings, Inc. reported $842.44 Million in revenue, from which its gross profit was $828.93 Million and net income was negative $108.67 Million.</p> 
<p>TradingView data shows that 71.126 Million UPST shares are free-floating, and the company’s financial backers closely hold the remaining 12.762 Million shares.&nbsp;</p> 
<p>Upstart Holdings, Inc. engages in the provision of a cloud-based artificial intelligence lending platform. Its platform aggregates consumer demand for loans and connects it to the company’s network of artificial intelligence-enabled bank partners.</p> 
<h4 class="wp-block-heading"><strong>Technical Level&nbsp;</strong></h4> 
<p>Support Levels: $25.10 &amp; $22.68&nbsp;</p> 
<p>Resistance Levels: $29.41 &amp; $32.02</p> 
<h4 class="wp-block-heading"><strong>Conclusion:</strong> </h4> 
<p>UPST’s stock price declined approximately&nbsp; 27.93% in the past three months. As per market analysts, Upstart Holdings, Inc. stock is already profitable and is above its annual price target. The MACD indicates a favorable trading price and volume reversal in the coming sessions.</p> 
<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 ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

UPST Stock Aims to Retest 20-Day EMA; MACD Indicates Reversal

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Thecoinrepublic.com

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