UiPath ( PATH) develops software to automate repetitive digital tasks normally performed by people. The stock has been in a serious decline since early June and prices gapped sharply lower Thursday on disappointing earnings and guidance as well as analyst downgrades.
Let's check the charts and indicators. 
In this daily bar chart of PATH, below, we can see that prices have maintained a downward path below the declining 50-day moving average line. The On-Balance-Volume (OBV) line has been in a decline since the company went public and tells us that sellers of PATH are more aggressive than buyers. The Moving Average Convergence Divergence (MACD) oscillator has been below the zero line for nearly the entire trading history.
In the weekly Japanese candlestick chart of PATH, below, we can see two recent candles with upper shadows above $20 telling us that traders were still rejecting higher prices after this long decline.
The 40-week moving average line as well as the OBV line and the MACD oscillator are bearish.
In this daily Point and Figure chart of PATH, below, we can see a potential downside price target of $10.
Bottom-line strategy: We find no reason to go long PATH.
