blue-chip

One NYSE - Listed Technology Stock Trading Near Resistance Zone: UiPath, Inc

Jun 07, 2023 12:00 AM PDT | Team Kalkine
One NYSE - Listed Technology Stock Trading Near Resistance Zone: UiPath, Inc

UiPath, Inc

Company Overview:  UiPath, Inc. is focused on building and managing automations and developing computer vision technology. It provides its customers with a set of capabilities that allows them to discover opportunities for automation, automate using a digital workforce that collaborates with humans, and operate an automation program at scale.

As per our previous daily report published on PATH on 31st May 2023, Kalkine provided a ‘Buy’ stance on the stock at USD 16.47 based on ‘price-action and technical indicators and the stock price has now moved by ~18.76% since then and the price has attained the Resistance 1 and Resistance 2 levels highlighted in the previous report. 

Noted below are the details of support and resistance levels provided in our previous report:

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Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.

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