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Is UPWK showing downside potential? 50 Day Moving Average Resistance shows up after rising 2.36%

Upwork Inc. (UPWK) — Nightly Technical Analysis · Aug 19, 2026, 17:34 ET
UPWK closed up 2.36% on Wednesday, August 19th, with volume running 0.8× below average. consolidation patterns formed: Calm After Storm, suggesting a potential continuation after price stabilization. Key support levels exist at 8.45, 8.2 & 7.94, with resistance at 8.96, 9.22 & 9.47.

Current SwingTradeBot Technical Rating of UPWK: F

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Upwork Inc. (UPWK)