UPWORK INC (UPWK) Stock Technical Analysis
USA - NASDAQ:UPWK - US91688F1049 - Common Stock
Overall UPWK gets a technical rating of 5 out of 10. In the last year, UPWK was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, UPWK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.94, a Stop Loss order could be placed below this zone.
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11.68
We found 4 important support areas.
- A support zone ranging from 15.91 to 15.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.63 from a horizontal line in the daily time frame.
- Support @12.51 from a trend line in the weekly time frame.
- A support zone ranging from 11.80 to 11.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 16.23 to 16.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.30 to 17.95. This zone is formed by a combination of multiple trend lines and important moving averages 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 UPWK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UPWK is neutral. |
| ChartMill Relative Strength | 66.84 | 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) | UP | MIXED | The current price of UPWK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UPWK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.31 | NEUTRAL | The RSI value for UPWK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests UPWK has a negative trend. |
| Stochastics (14,3) | 29.65 | NEUTRAL | The Stochastics value for UPWK is a neutral value. |
| Average True Range in percent/ATR (20) | 5.8 | HIGH VOLATILITY | The high ATR as a percentage value for UPWK suggests high volalility. |
| Average Directional Index/ADX (14) | 23.14 | NEUTRAL | The ADX value for UPWK suggests a possible start of a new trend. |
16.19
-0.29 (-1.76%)
UPWORK INC / UPWK FAQ
What is the ChartMill technical rating of UPWORK INC (UPWK) stock?
ChartMill assigns a technical rating of 5 / 10 to UPWK.
Can you provide the trend direction for UPWORK INC?
The current trend direction for UPWORK INC (UPWK) is Bullish.
What is the RSI signal for UPWORK INC (UPWK) stock?
UPWORK INC (UPWK) has an RSI value of 45.3115. This indicates that the stock is currently neutral.
What is the MACD signal for UPWORK INC (UPWK) stock?
The MACD indicator for UPWORK INC (UPWK) has a value of -0.00539765, indicating a bearish trend.
Can you provide the support and resistance levels for UPWORK INC?
UPWORK INC (UPWK) has a support level at 15.94 and a resistance level at 16.23. Check the full technical report for our detailed analysis of UPWK support and resistance levels.