Is Upstart Holdings (UPST) ready for the next big rally in 2025-26?
|Upstart Holdings, Inc., (UPST) operates a cloud-based artificial intelligence (AI) lending platform in the United States. The company operates through three segments: Personal lending, Auto lending & others. It comes under Financial services sector and trades as “UPST” ticker at Nasdaq.
UPST is trading higher in proposed nest Elliott wave structure from May-2023 low of $11.93. Currently, it favors upside in ((1)) of III & should remain supported against 4.04.2025 low of $31.40. Once it breaks above 2.13.2025 high, it will confirm 5 swings to see more upside.
UPST – Elliott Wave latest daily view
It made all time high of $401.49 in October-2021 & all time low of $11.93 in May-2023 since inception. Above $11.93 low, it appears nesting or can be diagonal move with one more push above February-2025 high. Once it confirms 5 swings higher from May-2023 low, we like to buy the next pullback. It placed (I) at $72.58 high in August-2023 & (II) at $19.84 low in November-2023 as dip pullback. Above there, it placed I of (III) at $96.43 high in February-2025 & II at $31.40 low in April-2025. Currently, it favors upside in ((1)) of III & expect short term upside to finish it before correcting next.
Within I, it placed ((1)) at $49.62 high, ((2)) at $20.60 low, ((3)) at $86.07 high, ((4)) at $55.20 low & ((5)) at $96.43 high as I of (III). Below I high, it ended ((A)) at $45.01 low, ((B)) at $56.10 high & ((C)) at $31.40 low as truncated move ending II against November-2023. Above there, it ended (1) of ((1)) at $55.05 high, (2) at $43.28 low & favors upside in 5 of (3) before soon correcting in (4). Within (3), it ended 1 at $61.52 high, 2 at $51.59 low, 3 at $81.48 high, 4 at $68.05 low & favors upside in 5.
Wave (3) already reached the 1.618 extension level of (1), but can see small upside before correcting in (4). It expects 5 to extend in to $84.68 – $89.82 area, while stay above $73.00 low to finish (3). If it breaks below $73.00 low, it should be correcting in (4) in 3 or 7 swings. It expects two more highs to finish the cycle from April-2025 low before correcting next. We like to buy the pullback in 3, 7 or 11 swings in ((2)), once 5 swings confirmed. The cycle from May-2023 low can be diagonal, if makes a new high above February-2025 before dip pullback that break below April-2025 low. While above April-2025 low, it should be nest.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.