UPWK (Upwork)NASDAQ:UPWK (Upwork)
I'd like to see this break above the entry point listed on the chart to buy shares. This could be another 25% or better opportunity.
This is not financial advice. Please do your own due diligence.
UPWK trade ideas
UPWK Bullish ExpectationAlready in Uptrend, recent GAP filled and price breaking out with Bullish GAP. So technically a BUY at present.
UPWK pullback to 14.50MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM spiked positive
Price at Fibonacci level
In at $17
Target is $14.50 or channel bottom
Stop loss is $18
Upwork UPWK 4hr potterboxUpwork is a buy according to analyst. I see it as a good play due to earnings being good. I would look at maybe April 17 2025 20 dollar calls for no more than a dollar. it closed above $16.00 today. my stop loss would be $14.00 dollars with taking profits at first target $22.00 dollars second target $31.00 dollars. I use the Wyckoff stage analysis. this movement is in line with the markup phase following accumulation. A very good entry point due to the risk to reward analysis being very high. Trade accordingly. this is for educational purposes only.
Upwork is now both a value stock and a growth stockValue stocks are companies with earnings yields twice the treasury yields and clean balance sheets.
Growth stocks are companies that are growing earnings at a high rate.
Upwork has a 10 forward PE for this current year 2024 and is expected to grow over the next 5 years at roughly 20% plus. It has more cash than debt on the balance sheet, making the stock price even cheaper than it looks.
The Value traits make stocks attractive because it means there is less downside risk and a built it expectation of return from earnings currently.
The growth traits mean there is potential high future rewards if the higher earnings materialize and the market assigned a high multiple on those earnings in the future.
If and when Upwrok earns over 2 dollars eps, it could be worth 40-90 dollars in 2029 and the business could still continue to grow.
UPWK is BullishPrice was in a strong downtrend printing lower highs and lower lows. However, the bullish RSI divergence on daily time frame suggested that bulls are waking up to the calling, and have managed to break the descending trendline and print a higher high. Price would now most likely define a higher low, before moving upwards to new highs. Targets are mentioned on the chart.
Upwork a calm before the storm? Will we have a massive Bull run?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 observed in comparison to previous patterns seen in the price action and indicators. Note however, past data does not reflect certainty. It does not need to repeat as is.
But again the resemblance is in your face! And it is something to keep in our minds.
Starting with price.
Notice the "Major Resistance" black trendline.
Price has been historically above it or below it with major moves seen.
Above it = Massive Bull Run
Below it = Downtrends followed by consolidation.
Being relatively new public company, we only have 1 data point to use.
Now notice the previous green box marked.
Red trendline shows the downtrend in price, followed by a black trendline that highlights the beginning of the uptrend before massive bull run.
Before we get ABOVE the "Major Resistance" trendline, we consolidate for a period of time in the orange rectangle. That then catapults prices significantly higher.
Notice Volume is seen to spike as well.
Also notice the indicators added:
STOCH RSI during price actions time inside the orange rectangle (consolidation) moves down.
As soon as it crosses Bullish, prices shoot out of the consolidation zone and above the Major Resistance.
Notice too the MACD, the pattern here is that it stalls here becoming almost flat, with histogram bars turning light green, as it turns Dark Green and Blue line curves up, this signals the price to shoot out of consolidation, moving above "Major Resistance".
Fast forward to our current data. We are repeating almost to the tee, the same pattern.
Will it be the same? Or will we be rejected?
Well, we need 3 signs to occur.
STOCH RSI must cross BULLISH (Blue line above orange line)
MACD needs Dark Green bar print with increasing size and Blue line to Curve UP
VOLUME Must start to increase/ spike
Without these 3 signals it is more likely we get rejected here!
Another thing to observe is the consolidation or rectangle pattern. Remember its never a good idea to trade within any chart pattern.
A confirmed break above will determine uptrend.
A confirmed break down will cause rejection.
Very important to continue to observe UPWK.
Ill be sure to update as things become clearer!
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Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
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DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
UPWK Upwork Options Ahead of EarningsIf 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 to the earnings release, I would sell at least half of them.
🎯 Earnings Radar: February 14th!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 reaction of surpassing market expectations?
🌐 Twilio Inc. ( NYSE:TWLO )
The communication software company is dialing in with a projected EPS of 0.58 and revenue of 1.04B. Despite a 43% beat rate, investors are keen to see if NYSE:TWLO can connect with its growth trajectory.
🚀 Fastly Inc. ( NYSE:FSLY )
The edge cloud platform has forecasted a slim EPS of -0.02 and revenue of 139.46M. With a balanced beat-miss record, will NYSE:FSLY accelerate past its expectations?
🔗 HubSpot Inc. ( NYSE:HUBS )
In the competitive CRM space, NYSE:HUBS expects an EPS of 1.54 and a hefty revenue of 558.40M. An 83% beat rate puts them in the spotlight for a potential earnings surprise.
💼 Upwork Inc. ( NASDAQ:UPWK )
The freelancing platform projects an EPS of 0.17 and revenue of 178.16M. With a 66% beat rate, the market is watching to see if NASDAQ:UPWK can continue to capitalize on the gig economy's growth.
💻 Cisco Systems Inc. ( NASDAQ:CSCO )
The tech giant is coming through with an EPS of 0.84 and a staggering 12.70B revenue. With an 86% beat rate, NASDAQ:CSCO could be poised to deliver yet another robust performance.
As love fills the air on Valentine's Day, these companies are set to share their love with investors through potentially heartwarming earnings. Stay tuned!
#EarningsSeason #ValentinesDayEarnings #StockMarketLove
UPWK: Capturing the Future of Freelancing and Remote WorkUpwork 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 direction for labor market development.
Upwork occupies a unique position in the market by offering comprehensive solutions for connecting freelancers with corporate clients and small businesses worldwide. The platform provides access to a wide range of professional services, from software development and design to marketing and accounting, making it sought after by companies aiming for flexibility and efficiency in project execution.
The growth in the number of users and transaction volume on the Upwork platform indicates the expansion of the freelance market and increasing trust in remote work. This not only contributes to the company's revenue growth but also confirms its role as a key player in this rapidly evolving segment.
Investing in technology and improving user experience are priorities for Upwork, allowing the platform to maintain a high level of user satisfaction and attract new clients. The development of new tools for project management, time tracking, and facilitating payment processes enhances the efficiency of both freelancers and clients.
In the long term, Upwork faces the opportunity for significant market expansion due to the increasing demand for flexible labor resources and remote work. As more companies and individual entrepreneurs recognize the advantages of freelancing, Upwork can expect an increase in its market share and revenue growth.
For investors interested in the technology sector and new forms of employment, UPWK shares offer an attractive investment opportunity in a company at the forefront of the global trend towards flexibility and digitization of the work process.
Buy ideaA head and shoulders pattern. Entry above the level indicated on the chart, RR 9x - target is based on the size of the pattern (2x)
Upwork's Outlook: Jefferies Upgrade Signals Bullish Trends
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 anticipation of accelerated revenue growth throughout 2024. Analysts are optimistic about the company's prospects as the global economy stabilizes, and business confidence experiences an upswing. Upwork's unique position in the market as a platform connecting skilled workers with employers aligns seamlessly with the ongoing trend towards remote and flexible work arrangements.
A Leader in the Shifting Labor Landscape:
Upwork has positioned itself as a leader in the evolving landscape of labor, where remote and highly skilled talent is becoming increasingly sought after. The company's AI/ML-enhanced B2B marketplace is at the forefront of this transformation, capitalizing on the secular shift towards a more flexible and remote workforce. As businesses adapt to the changing dynamics of work, Upwork stands as a pivotal player facilitating connections between employers and talent in a seamless and efficient manner.
Price Target Raised: A Positive Signal for Investors
The Jefferies upgrade not only included a shift in rating but also an upward adjustment of the price target for Upwork shares. Analysts have raised the target to $20 from $13, signifying a strong vote of confidence in the company's potential for growth. This new target suggests a substantial upside for investors, underlining the belief that Upwork is poised for a significant expansion in the coming months.
Top Small-Cap Recovery Play:
Jefferies analysts have designated NASDAQ:UPWK as a "top small-cap recovery play," emphasizing the unique position the company holds in the market. As the global economy rebounds and businesses seek agile and remote workforce solutions, Upwork is well-positioned to capitalize on these trends, potentially delivering substantial returns for investors.
Technical Analysis Signals Positive Momentum:
The technical analysis further supports the bullish sentiment surrounding Upwork's stock. The stock is currently within an approximate horizontal trend channel in the medium long term, indicating investor uncertainty and a wait-and-see approach. However, the emergence of an inverse head and shoulders formation suggests a potential upward breakout. A decisive break of the resistance at $16.24, especially accompanied by increased volume, could signal a further rise in Upwork's stock value.
Conclusion:
Upwork's recent surge following the Jefferies upgrade paints a promising picture for investors looking to capitalize on the evolving landscape of remote and flexible work. As the economy stabilizes, Upwork's stock may well be on the cusp of delivering substantial returns for savvy investors.
🚀📊 Upwork (UPWK) Analysis: Surge in AI Job PostsKey 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 collaboration with OpenAI further strengthens its position in the evolving workforce landscape.
Bullish Sentiment: The overall sentiment towards UPWK is bullish, reflecting the positive market outlook for the platform.
Technical Analysis:
Support Level: The analysis suggests a support level above $13.00-$13.50, indicating a potential floor for price movements.
Upside Target: The upside target is set in the range of $22.00-$23.00, reflecting optimistic expectations for Upwork's performance.
#Upwork #UPWK #AI #Freelance #WorkMarketplace #StockAnalysis #Investing
UPWKUPWK 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.
UPWK - 15 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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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 opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
UPWK - Upside is huge
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.
Upwork.....Great risk/reward. Tighter stop loss possible!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 coming days.
A pop out of the rectangle with high volume opens the door to $15.88, the 2023 high. More bullish potential is at hand.
A break below the lower border (@ $13.51), on the other hand, opens the door from consolidation to a steeper correction, after a huge rally from Nov 02 @ $9.56 to $15.- on Nov 08!
Traders who would like to play this possible move with an options trade can do so as described. The risk/reward is great, and it can get even better if the stock breaks above the 2023 high.
Again. Entry at $15.88 (high volume required) and stop loss at $13.51 (or a few ticks lower)!
Take the stopp-loss if you want to break even quickly, sit back and enjoy.
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
LONG ON UPWORK - GREAT SWINGERUpwork is a great organization that everyone should see the value in - the growth of globalization and 3rd party contractors has exploded helping companies cut annual salary costs and giving skilled people in developing countries opportunities they may have never had.
They crushed earnings, now see a pull back. buy at 9.67ish area and exit around 11.70s
Upwork price weakness could be a gift for its 5 year growth Upwork is at fair value now, cheap for next year, and potential could grow to a 50-100$ 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 not over yet but coming to a close. This price to earnings of 31 is similar to the megacap stocks like Apple, Microsoft, Google, and Facebook. Thats a high PE for any business, and usually inplies a high growth rate in order to command that premium valuation. Upwork, however, isnt a megacap, has more room to rise, and has a higher growth rate potentially than the megacaps.
Next year 2024:
Next year Upwork is expected to earn 64 cents per share, almost doubling its earnings from this years .37 cents. Using a multiple PE of 25 could land the stock in the 16 dollar range or higher. 25% a year growth in earnings could also command a higher premium if investors anticipate continued year over year growth in the future.
5 year growth potential:
Through 2028, over the next 5 years, analysts believe the stock could grow to 1.90 per share (earnings expectations pulled from seekingalpha). Using the same 25 multiple x the 1.90, we estimate a potential valuation of 47.50 for 2028. As we see today many stocks trading at twice the growth rate for PE multiple, and in order to motivate long term investing, we can estimate a 2x growth rate multiple of 95 potential for 2028. In good times, growth stocks commonly trade at 2x multiple for their growth rates in anticipation of further growth in coming years. So now we have 47.50 and 95 as a potential 5 year upside price.
Low debt and already free cashflow positive:
Many growth or speculative stocks arent even profitable or require too much capital as they scale. Upwork doesnt have that problem, they are already free cashflow positive and have low debt.
8 to 10 price possible in weakness:
Based on its price action this year, and with the help of a weak broad market, it wouldnt surprise me to see upwk fall back to the 10 level or even lower to the 8 price in a major sell off. In that event, the earnings yield on UPWK could go from the 3% range to potentially a near 5% earnings yield for this year 2023. A high 4% or near 5% earnings yield would be very interesting for a stock with 20-25% annual growth potential. The compounding of growth at that price entry would be attractive.
Summary:
Upwork has major growth potential over next 5 years, so keep track of it in case of weakness in the broad market. 50 to 100 in 5 years is possible, so the more it falls now could help open a discount to future value. Hope for a sell off in the 8-10 range.
$UPWK after earnings 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 - emerging from base (buy the dips)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 move in a single day, hence I would prefer to see some pullback from here to look for opportunity to enter at the dips (fib-retracement level, candlestick reversal setups etc)
A more conservative approach is long only when it has cleared the neckline above 15.35. It may sound counter-intuitive to buy at hgher prices but in actual the odds of a sustainable trend is also increased when the stock is able to clear a significant resistence (namely, the neckline).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
UPWK Upwork Options Ahead of EarningsAnalyzing 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 read your opinion about it.
Bullish Alert : UPWKBullish 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.
