Hi guys! This is a Macro analysis on Upwork (UPWK). Macro meaning larger timeframe aka the 1 week in this instance.
Alot of stocks are down fromt heir previous tops. Which means potentials for longterm gains for many names are possible. I try to make sense if things have the technical signs to buy or not.
For UPWK -> some interesting signs were observed. It was...
If you haven`t bought UPWK ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of UPWK Upwork prior to the earnings report this week,
I would consider purchasing the 12.5usd strike price in the money Calls with
an expiration date of 2024-3-15,
for a premium of approximately $2.55.
If these options prove to be profitable prior...
Happy Valentines Day investors! As we step into another exciting earnings season, let's zoom into the expectations for February 14th:
🧪 Albemarle Corporation ( NYSE:ALB )
The specialty chemicals heavyweight is stirring up the market with an anticipated EPS of 1.01 and revenue of 2.18B. With an impressive 88% beat rate, will NYSE:ALB continue its chemical...
Upwork Inc. (NASDAQ:UPWK) , a leading platform for freelancers and remote work, represents an attractive investment opportunity in the context of accelerated digital transformation and changing global labor practices. The COVID-19 pandemic catalyzed a rethinking of work approaches, turning remote work and freelancing from just a temporary trend into a long-term...
Upwork (NASDAQ: NASDAQ:UPWK ) has emerged as a standout stock, gaining significant traction in the market after a noteworthy upgrade from Jefferies, shifting its rating from Hold to Buy. This upgrade has sparked a 10% surge in Upwork's stock value.
Accelerated Revenue Growth in 2024:
The driving force behind Jefferies' bullish stance on Upwork lies in the...
Key Highlights:
Significant Growth in AI Job Posts: Upwork experienced a remarkable 1,000% increase in generative AI job posts during Q2 and Q3 of 2023.
High Demand for AI Skills: Searches for generative AI skills surged by 1,500% during the same period, indicating a substantial demand for AI-related expertise.
Strategic Collaboration with OpenAI: Upwork's...
UPWK remains bullish with T of $20 n max $24. Currently ema 26 have cross uptrend trendline n pending ema 52 to cement the upwards projectory.
1st strong resistance would be sma 320 which acts as secondary strong resistance if reach $24.
My personal opinion that correction may come after this pump.
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
beautiful I H&S pattern emerging. Right shoulder is still building. Longer it takes to break out, bigger the move.
Presents great R/R as stop loss at 13 should ensure good cushion.
Long via commons at 14.
Hello Trader,
Upwork is an English-language platform where clients can post short-term or long-term jobs and projects to freelancers worldwide (Ticker: UPWK @NASDAQ)!
It's been a wild ride for the stock in 2023, but the odds are that a new advance is just around the corner. To do so, the stock needs to break above the upper border of the rectangle at $14.60 in the...
Upwork is a great organization that everyone should see the value in - the growth of globalization and 3rd party contractors has exploded helping companies cut annual salary costs and giving skilled people in developing countries opportunities they may have never had.
They crushed earnings, now see a pull back. buy at 9.67ish area and exit around 11.70s
Upwork is at fair value now, cheap for next year, and potential could grow to a 50-100$ stock over 5 years.
Upwork is a freelancer marketplace and recently partnered with Open ai (chat GPT) to provide enterprises access to ai freelance experts and learning.
Better value then megacaps:
Upwork roughly has a earnings yield of 3% plus for this year 2023, which is...
after a surprise in earnings on 2nd Aug, the price action looks very good
big volume, gap up, above all MAs, and holding 10dma very nicely
if long, I would close my position if the price closes under 20dma
UPWK has been forming a base with neckline around 14.50 -15.35. Upon earnings announcement yesterday, it gapped up decisively on huge volume, rising a crazy 44%, and closing right at neckline.
What is clear is that it could be near the end of its base building and could begin to start trending up in the coming weeks.
The entry is tricky now due to its oversized...
Analyzing the options chain and the chart patterns of UPWK Upwork prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $1.92.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to...
Bullish alert at the (possible) bottom of this downtrend wave that cut the price by 90%.
The alert came together with the breakout of the trendline.
Waiting now for positive crossover AND a good price action.
Hey Traders! Today, I want to share an exciting technical analysis discovery I made on the stock of Upwork Inc. ( NASDAQ:UPWK ). It seems that a bullish falling wedge pattern is forming, indicating a potential reversal in the near future. Let's dive into the details!
📈 Ticker: NASDAQ:UPWK
📅 Timeframe: Daily Chart
📊 Pattern: Falling Wedge
📉 What is a Falling...
