UPWORK INC (UPWK) Stock Technical Analysis
NASDAQ:UPWK - US91688F1049 - Common Stock
15.39 USD
+0.48 (+3.22%)
15.36 USD
-0.03 (-0.19%)
Taking everything into account, UPWK scores 8 out of 10 in our technical rating. UPWK has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
UPWK is part of the Professional Services industry. There are 83 other stocks in this industry. UPWK outperforms 91% of them.
In the last month UPWK has a been trading in the 11.69 - 15.41 range, which is quite wide. It is currently trading near the high of this range.
UPWK has an average volume of 2995070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, UPWK did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
Although UPWK has an excellent technical rating, it does not present a decent entry opportunity 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
11.68
17.68
We found 2 important support areas.
- A support zone ranging from 14.69 to 14.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.80 to 11.94. 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 16.97 to 17.50. 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 | UP | POSITIVE | The short term trend for UPWK is up. |
| ChartMill Relative Strength | 85.84 | POSITIVE | UPWK has a high relative strength, it outperformed 85.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UPWK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UPWK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of UPWK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.76 | NEUTRAL | The RSI value for UPWK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests UPWK has a positive trend. |
| Stochastics (14,3) | 91.28 | OVERBOUGHT | The high Stochastics value suggests UPWK may be overbought. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for UPWK suggests some volalility. |
| Average Directional Index/ADX (14) | 36.18 | POSITIVE | The high ADX value value for UPWK suggests a strong 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)
15.39
+0.48 (+3.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg3.22%
1 Week3.15%
2 Weeks11.52%
1 Month30.98%
3 Month-0.65%
6 Month-3.39%
12 Month59.65%
2 Year3.92%
3 Year-11.55%
5 Year1.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%3.38%
ATR Inc-8.08%
Range Today0.48
ADR(20)0.49
ADR(20)%3.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.84
Mansfield-0.05
10 Day High15.41
10 Day Low13.74
20 Day High15.41
20 Day Low11.69
52 Week High18.14
52 Week Low8.9
CS1 End14.79
CR1 Start16.97
Volume & EV
DER(3)2.96%
DER(5)2.54%
Volume2.64M
Volume Incr-32.46%
Vol(5)2.52M
Vol(50)3.00M