UPSTREAM BIO INC (UPB) Stock Technical Analysis
NASDAQ:UPB - Nasdaq - US91678A1079 - Common Stock - Currency: USD
Overall UPB gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, UPB is a bad performer.
Although the technical rating is only medium, UPB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.42, a Stop Loss order could be placed below this zone.
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10.15
When analyzing the support we notice one important area.
- A support zone ranging from 10.25 to 10.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.49 to 11.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for UPB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UPB is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | UPB has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of UPB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UPB is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 52.42 | NEUTRAL | The RSI value for UPB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests UPB has a negative trend. |
| Stochastics (14,3) | 59.97 | NEUTRAL | The Stochastics value for UPB is a neutral value. |
| Average True Range in percent/ATR (20) | 6.47 | HIGH VOLATILITY | The high ATR as a percentage value for UPB suggests high volalility. |
| Average Directional Index/ADX (14) | 18.05 | NEGATIVE | The low ADX value for UPB suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.86 | 10.59 | 1.27 (10.71%) | 9.34% |
| An entry @11.86. This is a Buy Stop order right above the resistance zone. | An exit @10.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.27 points, which is 10.71%. | For a 1.00% total portfolio risk, you can invest 9.34% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.14
-0.59 (-5.03%)