UPST Favors ((2)) pullback – Bullish structure remains intact
|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.
As expected in last article, UPST ended ((1)) impulse from April-2025 low at $93.67 high & correcting in ((2)) in 3 or 7 swings. We like to buy the next pullback in 3, 7 or 11 swings at extreme area, when reach.
UPST – Elliott Wave latest four-hour 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 can either be nesting or diagonal structure, missing one more push higher 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. Above there, it placed I of (III) at $96.43 high in February-2025 & II at $31.40 low in April-2025. Within III, it placed ((1)) at $93.67 high & favors bounce in (B) against 8.05.2025 high before turning lower in (C) of ((2)).
UPST – Elliott Wave latest daily view
Above II low, it placed (1) at $55.05 high, (2) at $43.08 low, (3) at $87.30 high, (4) at $76.08 low & (5) at $93.67 high as ((1)) of I. Currently, it favors ((2)) correction in proposed 3 swing pullbacks. It placed (A) at $60.05 low & favors bounce in (B). Within (B), it ended A at $76.95 high, B at $61.00 low & favors bounce in C against 8.05.2025 high. The wave C can extend towards $78.02 – $88.53 area to finish (B) before turning lower in (C) of ((2)) against April-2025 low. We can project the (C) extreme area, once it ends (B). We like to buy the pullback in (C) against April-2025 low for next move higher.
UPST – Elliott Wave view from 7.28.2025
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.