Upstart Holdings Inc

UPST remains in a clear Stage 4 decline with sequential lower highs and lower lows across both medium and long terms. Price trades below the 9-, 20-, and 50-day moving averages, which are sloping downward and rejecting rally attempts. With no bullish divergences in RSI or options sentiment and fundamentals weak, selling into the 9/20 EMA cluster (~28.75–29.22) aligns with the downtrend framework, targeting further downside continuation.

• ↑Q2 2026 revenue $364.7M (+42% YoY); originations $4.2B (+50% YoY).
• ↑GAAP net income $17M in Q2, reaching profitability earlier than expected.
• ↓Operating expenses rose 45% YoY to $350M in Q2, squeezing margins.