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UPWK Stock Upwork (UPWK, $12.73) RSI Indicator left the overbought zone on October 23, 2024

A.I.dvisor
at Tickeron.com
10/24/24
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UPWK - Upwork
RSI signal
Bearish Trend
Odds of DOWN Trend
Tickeron
RSI signal
Price: $12.73
Daily change: +$2.68 (+26.67%)
Daily volume: 14.7M
This is a signal that UPWK's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. A.I.dvisor looked back and found 32 similar cases where UPWK's RSI Indicator left the overbought zone, and in of them led to a successful outcome. Odds of Success:

UPWK's RSI Indicator sits in overbought zone for 15 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 54 cases where UPWK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where UPWK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

UPWK broke above its upper Bollinger Band on October 23, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 23, 2024. You may want to consider a long position or call options on UPWK as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for UPWK just turned positive on October 23, 2024. Looking at past instances where UPWK's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where UPWK advanced for three days, in of 269 cases, the price rose further within the following month. The odds of a continued upward trend are .

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UPWK
Daily Signalchanged days ago
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A.I. Advisor
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General Information

a developer of freelance talent marketplace solutions

Industry

Profile
Fundamentals
Details
Industry
Packaged Software
Address
475 Brannan Street
Phone
+1 650 316-7500
Employees
800
Web
https://www.upwork.com