UPWORK INC (UPWK) Stock Technical Analysis
NASDAQ:UPWK • US91688F1049
Taking everything into account, UPWK scores 0 out of 10 in our technical rating. UPWK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, UPWK is a bad performer in the overall market: 86% of all stocks are doing better.
- UPWK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month UPWK has a been trading in the 12.72 - 22.84 range, which is quite wide. It is currently trading near the lows of this range.
- UPWK has an average volume of 3462610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- UPWK is an average performer in the Professional Services industry, it outperforms 56% of 88 stocks in the same industry.
The technical rating of UPWK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.62
We found 3 important support areas.
- Support @13.13 from a trend line in the weekly time frame.
- Support @12.78 from a trend line in the daily time frame.
- A support zone ranging from 11.74 to 11.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.95 to 21.95. 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 | NEUTRAL | NEUTRAL | The long term trend for UPWK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UPWK is down. |
| ChartMill Relative Strength | 14.68 | NEGATIVE | UPWK has a low relative strength, it was outperformed by 85.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UPWK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UPWK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UPWK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.12 | NEUTRAL | The RSI value for UPWK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests UPWK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.25 | OVERSOLD | The low Stochastics value suggests UPWK may be oversold. |
| Average True Range in percent/ATR (20) | 9.98 | HIGH VOLATILITY | The high ATR as a percentage value for UPWK suggests high volalility. |
| Average Directional Index/ADX (14) | 28.45 | POSITIVE | The high ADX value value for UPWK suggests a strong trend. |
13.17
-0.15 (-1.13%)
UPWORK INC / UPWK FAQ
What is the ChartMill technical rating of UPWORK INC (UPWK) stock?
ChartMill assigns a technical rating of 0 / 10 to UPWK.
What is the current trend direction of UPWORK INC (UPWK) stock?
The current trend direction for UPWORK INC (UPWK) is Bearish.
What is the RSI signal for UPWORK INC (UPWK) stock?
UPWORK INC (UPWK) has an RSI value of 30.1206. This indicates that the stock is currently neutral.
What is the MACD signal for UPWK stock?
The MACD indicator for UPWORK INC (UPWK) has a value of -0.475052, indicating a bearish trend.
Can you provide the support and resistance levels for UPWORK INC?
UPWORK INC (UPWK) has a support level at 13.13 and a resistance level at 21.95. Check the full technical report for our detailed analysis of UPWK support and resistance levels.