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UPWK Stock Upwork (UPWK, $15.38) entered Downtrend as Momentum indicator drops below 0 level on Nov 21, 2024

A.I.dvisor
at Tickeron.com
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UPWK - Upwork
Momentum signal
Bearish Trend
Odds of DOWN Trend
Tickeron
Momentum signal
Price: $15.38
Daily change: +$0.41 (+2.74%)
Daily volume: 2.1M
This indicator may be signaling that UPWK's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 88 similar cases where UPWK's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:

UPWK in +3.01% Uptrend, advancing for three consecutive days on November 21, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where UPWK advanced for three days, in of 270 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The 50-day moving average for UPWK moved above the 200-day moving average on November 14, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Bearish Trend Analysis

The 10-day RSI Indicator for UPWK moved out of overbought territory on November 14, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on November 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on UPWK as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for UPWK turned negative on November 18, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .

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.

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

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