UPWORK INC. - Daily - Technical analysis published on 08/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 17.03 USD
My targets
16.04 USD (-1.23%)
15.10 USD (-7.02%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on UPWORK INC.. As long as you are under the resistance located at 17.03 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 16.04 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 15.10 USD as an objective. Crossing it would then enable sellers to target 14.18 USD. If the resistance 17.03 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The UPWORK INC. rating is 16.24 USD. On the day, this instrument gained +5.05% and was traded between 15.17 USD and 16.45 USD over the period. The price is currently at +7.05% from its lowest and -1.28% from its highest.15.17
16.45
16.24
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by UPWORK INC.:
Technical
Technical analysis of UPWORK INC. in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. 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.
Caution: the Central Indicators scanner currently detects an excess:
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 over resistance 1
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.18 | 15.10 | 16.04 | 16.24 | 17.03 | 18.91 | 20.69 |
| Change (%) | -12.68% | -7.02% | -1.23% | - | +4.86% | +16.44% | +27.40% |
| Change | -2.06 | -1.14 | -0.20 | - | +0.79 | +2.67 | +4.45 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.23 | 14.69 | 15.07 | 15.53 | 15.91 | 16.37 | 16.75 |
| Camarilla | 15.23 | 15.31 | 15.38 | 15.46 | 15.54 | 15.61 | 15.69 |
| Woodie | 14.20 | 14.67 | 15.04 | 15.51 | 15.88 | 16.35 | 16.72 |
| Fibonacci | 14.69 | 15.01 | 15.21 | 15.53 | 15.85 | 16.05 | 16.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.01 | 14.83 | 15.35 | 16.17 | 16.70 | 17.52 | 18.04 |
| Camarilla | 15.51 | 15.63 | 15.76 | 15.88 | 16.00 | 16.13 | 16.25 |
| Woodie | 13.86 | 14.75 | 15.21 | 16.10 | 16.55 | 17.44 | 17.90 |
| Fibonacci | 14.83 | 15.34 | 15.66 | 16.17 | 16.69 | 17.00 | 17.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.34 | 14.25 | 15.35 | 16.26 | 17.35 | 18.26 | 19.36 |
| Camarilla | 15.89 | 16.07 | 16.26 | 16.44 | 16.62 | 16.81 | 16.99 |
| Woodie | 13.43 | 14.30 | 15.44 | 16.30 | 17.44 | 18.31 | 19.45 |
| Fibonacci | 14.25 | 15.02 | 15.49 | 16.26 | 17.02 | 17.49 | 18.26 |
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): | 50.12 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 0.40 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 16.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.56 | |
| Elder Ray (13): | -0.41 | |
| Super Trend (3,10): | 17.31 | |
| Zig ZAG (10): | 16.24 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 30.79 | |
| TEMA (21): | 16.21 | |
| Williams %R (14): | -45.68 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | 4.9100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 6.20 |
| MA7: | 16.11 | |
| MA20: | 16.48 | |
| MA50: | 15.77 | |
| MA100: | 17.26 | |
| MAexp7: | 16.08 | |
| MAexp20: | 16.24 | |
| MAexp50: | 16.38 | |
| MAexp100: | 17.09 | |
| Price / MA7: | +0.81% | |
| Price / MA20: | -1.46% | |
| Price / MA50: | +2.98% | |
| Price / MA100: | -5.91% | |
| Price / MAexp7: | +1.00% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.85% | |
| Price / MAexp100: | -4.97% |
News
The latest news and videos published on UPWORK INC. at the time of the analysis were as follows:
- Upwork Reports Second Quarter 2019 Financial Results
- Upwork To Report Second Quarter 2019 Financial Results On August 7, 2019
- Upwork Reports First Quarter 2019 Financial Results
- Upwork To Report First Quarter 2019 Financial Results On May 8, 2019
- Upwork Reports Fourth Quarter and Full Year 2018 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
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