UPWORK INC (UPWK) Stock Technical Analysis
NASDAQ:UPWK - Nasdaq - US91688F1049 - Common Stock - Currency: USD
Taking everything into account, UPWK scores 1 out of 10 in our technical rating. UPWK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month UPWK has a been trading in the 12.80 - 14.05 range, which is quite wide. It is currently trading near the lows of this range.
UPWK has an average volume of 2457960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, UPWK outperforms 53% of them, which is more or less in line with the market.
UPWK is part of the Professional Services industry. There are 82 other stocks in this industry, UPWK did better than 65% of them.
UPWK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UPWK is lagging the market.
UPWK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
11.67
17.66
When analyzing the support we can see 2 important areas.
- Support @12.80 from a trend line in the daily time frame.
- A support zone ranging from 11.79 to 11.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- Resistance @12.99 from a trend line in the weekly time frame.
- A resistance zone ranging from 13.30 to 13.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 13.65 to 13.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.97 to 17.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.49 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for UPWK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UPWK is down. |
| ChartMill Relative Strength | 53.66 | NEUTRAL | UPWK is not amongst the best or worst performers 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) | UP | MIXED | The current price of UPWK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.37 | NEUTRAL | The RSI value for UPWK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests UPWK has a negative trend. |
| Stochastics (14,3) | 11.98 | OVERSOLD | The low Stochastics value suggests UPWK may be oversold. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for UPWK suggests some volalility. |
| Average Directional Index/ADX (14) | 22.02 | NEUTRAL | The ADX value for UPWK suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
12.93
-0.03 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-0.23%
1 Week-4.22%
2 Weeks-3.79%
1 Month-6.51%
3 Month1.49%
6 Month-23.45%
12 Month13.02%
2 Year23.97%
3 Year-30.33%
5 Year-13.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%3.3%
ATR Inc-39.92%
Range Today0.23
ADR(20)0.42
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.66
Mansfield-1.2
10 Day High13.89
10 Day Low12.8
20 Day High14.05
20 Day Low12.8
52 Week High18.14
52 Week Low8.43
CS1 End12.8
CR1 Start12.99
Volume & EV
DER(3)-1.02%
DER(5)-0.93%
Volume2.17M
Volume Incr3.97%
Vol(5)2.57M
Vol(50)2.46M