UPWORK INC. - Daily - Technical analysis published on 01/27/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 9.79 USD
My targets
9.18 USD (-0.43%)
8.21 USD (-10.95%)
My analysis
UPWORK INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 9.79 USD. The next support located at 9.18 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 8.21 USD. Below this support, sellers could then target 7.07 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UPWORK INC. rating 9.22 USD. On the day, this instrument lost -4.26% and was between 9.13 USD and 9.44 USD. This implies that the price is at +0.99% from its lowest and at -2.33% from its highest.9.13
9.44
9.22
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of UPWORK INC. in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 9.22 | 9.79 | 15.31 | 17.03 |
| Change (%) | - | +6.18% | +66.05% | +84.71% |
| Change | - | +0.57 | +6.09 | +7.81 |
| Level | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.03 | 9.20 | 9.41 | 9.58 | 9.79 | 9.96 | 10.17 |
| Camarilla | 9.53 | 9.56 | 9.60 | 9.63 | 9.67 | 9.70 | 9.74 |
| Woodie | 9.06 | 9.21 | 9.44 | 9.59 | 9.82 | 9.97 | 10.20 |
| Fibonacci | 9.20 | 9.34 | 9.43 | 9.58 | 9.72 | 9.81 | 9.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.18 | 9.43 | 9.74 | 9.99 | 10.30 | 10.55 | 10.86 |
| Camarilla | 9.90 | 9.95 | 10.00 | 10.05 | 10.10 | 10.15 | 10.20 |
| Woodie | 9.21 | 9.45 | 9.77 | 10.01 | 10.33 | 10.57 | 10.89 |
| Fibonacci | 9.43 | 9.64 | 9.78 | 9.99 | 10.20 | 10.34 | 10.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.07 | 8.21 | 9.44 | 10.58 | 11.81 | 12.95 | 14.18 |
| Camarilla | 10.02 | 10.24 | 10.45 | 10.67 | 10.89 | 11.10 | 11.32 |
| Woodie | 7.12 | 8.23 | 9.49 | 10.60 | 11.86 | 12.97 | 14.23 |
| Fibonacci | 8.21 | 9.12 | 9.68 | 10.58 | 11.49 | 12.05 | 12.95 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 26.89 | |
| MACD (12,26,9): | -0.3700 | |
| Directional Movement: | -21.79 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 9.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.56 | |
| Elder Ray (13): | -0.58 | |
| Super Trend (3,10): | 10.41 | |
| Zig ZAG (10): | 9.22 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 12.52 | |
| TEMA (21): | 9.61 | |
| Williams %R (14): | -92.31 | |
| Chande Momentum Oscillator (20): | -0.57 | |
| Repulse (5,40,3): | -3.8600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4800 | |
| Courbe Coppock: | 10.89 |
| MA7: | 9.79 | |
| MA20: | 10.03 | |
| MA50: | 10.74 | |
| MA100: | 12.48 | |
| MAexp7: | 9.69 | |
| MAexp20: | 10.03 | |
| MAexp50: | 10.91 | |
| MAexp100: | 12.19 | |
| Price / MA7: | -5.82% | |
| Price / MA20: | -8.08% | |
| Price / MA50: | -14.15% | |
| Price / MA100: | -26.12% | |
| Price / MAexp7: | -4.85% | |
| Price / MAexp20: | -8.08% | |
| Price / MAexp50: | -15.49% | |
| Price / MAexp100: | -24.36% |
News
The latest news and videos published on UPWORK INC. at the time of the analysis were as follows:
- Upwork To Report Fourth Quarter and Full Year 2019 Financial Results On February 26, 2020
- Upwork Reports Third Quarter 2019 Financial Results
- Upwork To Report Third Quarter 2019 Financial Results On November 6, 2019
- Upwork Reports Second Quarter 2019 Financial Results
- Upwork To Report Second Quarter 2019 Financial Results On August 7, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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