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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Upstart stock price is currently trading in the bears’ grasp.</a> </li> 
 <li> <span>2</span> <a>UPST stock price is below the key moving averages, showcasing bearishness.</a> </li> 
</ul> 
<p>UPST stock price is trading at with a volume of 5.19 Million. Its average trading volume over the last 10 days was 3.975 Million. This company has a market cap of $2.071 Billion and the floating share value is 71.128 Million with a basic EPS of -$3.28.</p> 
<p>The company reported its Q2 2023 earnings recently, which showed a revenue of $133.46 Million and a net income of -$28.16 Million. The company reported a profit margin of 21.10%, which shows its poor financial stats.</p> 
<p>the stock is losing gains it made over the year. It has returned 81.81% since the beginning of the year and 62.76% return in the span of 6 months. However, the return over the month was -15.47%; and -11.19% in the past 7 days.&nbsp;</p> 
<p>As per TradingView, out of 26 indicators,15 are on the sell side, 10 are on the neutral side, and 1 of them indicates a buy signal. However, the overall weightage of indicators is on the sell side.</p> 
<p>As per TradingView, 16 analysts gave a maximum estimation of a price to be 64.00 and a minimum estimation of a price to be 6.00.</p> 
<p>Moreover, out of 18 analysts, 1 is giving a strong buy signal, 0 are giving a buy rating and 7 are hinting at a hold 1 rate it a sell, and 9 rate it a strong sell.</p> 
<h2 class="wp-block-heading" id="strong-upst-stock-price-technical-analysis-strong"><strong>UPST Stock Price Technical Analysis</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1273" height="577" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-617.png" alt="UPST Stock: Upstart Stock Break Crucial Support Level; What Next?" class="wp-image-177328" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-617.png 1273w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-617-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-617-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-617-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-617-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-617-1140x517.png 1140w" sizes="(max-width: 1273px) 100vw, 1273px">
  <figcaption class="wp-element-caption">
   Source: Trading View
  </figcaption>
 </figure>
</div> 
<p>According to the technical chart, UPST took a sharp rejection from the upper resistance levels and broke the key EMA curve. Moreover, the price was currently heading toward the lower levels.</p> 
<p>MACD curve is heading upwards. MACD line (-1.12) is above the signal line (-1.20) demonstrating mild bullishness in the stock.</p> 
<p>The RSI line is also heading towards an oversold zone, breaching the median line. RSI line (35.12) is beneath the 14 SMA (42.24) line demonstrating bearishness.</p> 
<p>On the 4-hour chart, Upstart stock is expected to break below $25.26, which is a corrective move. However, buyers failed to accumulate the stock by defending it from the support of $25.</p> 
<p>RSI shows sellers’ presence. The RSI curve is floating near 32, which indicates that the stock is oversold. This could be a sign that buyers are starting to lose control of the <a href="https://www.thecoinrepublic.com/2023/10/12/upst-stock-struggles-below-20-day-ema-despite-adding-9-55-weekly/" target="_blank" rel="noreferrer noopener">stock </a>again.</p> 
<p>MACD shows bearish momentum. The MACD is bearish and shows red bars on the histogram. This suggests that the momentum in the stock is bearish. A bearish cross is witnessed which indicates weakness in the UPST stock.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Upstart stock price is heading downwards, breaking below the 50 EMA and towards the 200 EMA. The MACD and RSI are highlighting a downtrend in UPST price. Upstart investors need to avoid the FOMO (fear of missing out). Scarcity is created in the stock market for accumulating more investors and creditors. It is better to keep it at arm’s length as this may result in one of the emerging reasons for market volatility.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $23.52 and $18.38.</p> 
<p>Resistance Levels: $30.80 and $32.42.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

UPST Stock: Upstart Stock Break Crucial Support Level; What Next?

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