Uber
Uber has bottomedCapitulation followed by massive volume at around $25.50.
Double bottom circled in green.
Gap to be filled around $41.
Small gap to be filled circled in yellow.
Yellow trend-line with confluent are at the gap fill.
RSI has some room before it hits the yellow RSI trend-line reinforcing the idea of a gap fill n' go.
Fundamentally speaking, news co-founder has been liquidating all his shares but price has not tanked on this news.
Just like Facebook and alot of early tech stocks we saw a selloff after the IPO hype and rally after the haircut.
Like Facebook, UBER is already ingrained in much of our lives and it is hard to believe it will be gone so soon.
Tell me what you think.
UBER - Down Trend Line BrokenAccording to my analysis by using the Trend Line and MACD, as shown in chart that the Down Trend is broken now so I am going Long with 1/2 Risk to Reward Ratio.
UBER - Let It Ride Checking up on Uber since our last Uber Analysis.
What's new with Uber:
1. Uber founder and former CEO Travis Kalanick has sold off all his remaining shares and is leaving the company's board of directors.
2. London is the most recent location to ban Uber
3. Uber trying to find it's way into profitability
Bullish Case:
1. Kalanick had been accounting for 7% of the sell offs in the Uber price since he started dumping the stock
2. Stock is still way below its IPO Price
3. Lockup expiration shares sell off seem to have finished
Bearish Case:
1. Company has yet to be profitable (Current news has the ride hailing profitable, but Uber Eats is still at a loss)
2. A lot of competition (Lyft, Ola, Careem, Didi, Taxify)
3. Bans in certain locations (London, Northern Australia, Denmark, Hungary, Bulgaria, Certain U.S. Cities)
Technical Analysis:
Uber has currently broken over the 50MA which is a good sign for the bulls on the oversold stock. Looks like a double bottom on Nov 6 and Nov 17 is where we found support. Right now we're eyeing the $33 range as the first stop on its way back to the upside. We could see a possible quick dip to $29.50 before fueling up.
Shoot us a like and follow and we'll be back with some updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
UBER Technologies -undervalued Technical analysis
DI+ > DI- cross was made on December 16 . Since then, we have stayed above the 50sma.
Since the IPO lock-up (November 6th), OBV has trended upwards on higher highs; RSI is following as well.
Fundamental analysis by MorningStar Analysts
On Dec. 24 Uber announced: Travis Kalanick, Uber's co-founder, will no longer be on the board of the company at the start of 2020.
Kalanick has sold nearly 95% of his holdings in Uber since the firm’s IPO lockup expired on Nov. 6. In comparison, Uber’s other co-founder, Garrett Camp, has sold only around 12% of his Uber stock.
Kalanick being pushed out could benefit the stock in two ways :
1. Without the presence of Kalanick on the firm’s board, Uber’s reputation could improve a bit more quickly as Kalanick’s missteps, which included ignoring the company’s culture of sexual misconduct and not addressing accusations of internal racial discrimination, tainted the firm’s name and may have helped Lyft gain market share.
2. Kalanick’s continued sale of his holdings likely pressured the stock since Nov. 6. From then through today, we estimate that Kalanick’s trades on average represented around 7% of the stock’s average daily trading volume. Without such pressure, the stock could trade higher toward the firm’s $45 IPO price and possibly our $58 fair value estimate. Of course, the stock’s performance will be based mainly on the firm’s progress toward GAAP profitability, which we have projected will be in 2024.
$UBER Uber Tech EOY 2019, $32 crucial zone for further gain$UBER Uber Tech EOY 2019, $32 crucial zone for further gain
First of all, made once the IPO started a post that it would go down -47% from the IPO price, practicly reached it so far.
Looks like a bit of bullishness getting here. Trendline and 76.8 could decide if this keeps going or not.
Fundamental not bullish on UBER. But if the charts says something else :)
Getting rejected at the 61.8 fib from the run from $33 till ATL.
Looks like it makes support on 21 novembre so i could try to gain till $32.
Uber Breaking Out?Not sure but perhaps after all the lockup selling its time for the banks that accumulated the shares to have an uptick?
gl hf
manage your own risk
xoxo
snoop
Is Uber is about to go up?Looks our friend Uber wanna go for a long run. Is it going to be a marathon or just 5k we don't know. But I am happy to find out.
Let me know what you think...
UBER testing next resistanceSo far the break of the stock seems confirmed, now at 30 level. A break of resistance is the next confirmation to add another long position.
Next resistance expected at 32 level and 4 hour 200SMA.
Good Luck!
Short-Term Uber Price PredictionWelcome to PrimeXBT’s technical analysis of the Uber, the ride-sharing company that recently launched the largest IPO of the year.
News and Fundamental Analysis:
This year was a year filled with many high-value IPOs buzzing around the investment industry. The company’s revenue is expected to grow by over 60%, helping it top the list of IPOs with a substantial investment of $8.1 billion .
This month, the company released its annual safety report, outlining any incident data and explaining the steps taken to ensure the safety of drivers and passengers using the ride-share service.
Technical Analysis:
Uber stock price chart technical analysis suggests that the trend may soon be shifting for Uber, as the asset appears to have formed a falling wedge – which is typically a bullish reversal pattern.
The top of the bullish chart pattern is being tested and is in the midst of potentially breaking out of the formation with a target zone around $32 per share.
Further adding credence to the possible reversal, the Relative Strength Index on Uber charts reached as low as 26 in late November and has been on a steady rise since, even despite price making a short pullback before again trending higher.
The price action combined with the indicator staying strong has formed a bullish divergence, which often indicates that a trend reversal is forming from bearish to bullish, and an uptrend could soon follow.
However, until a breakout is confirmed, remember to be cautious and to use proper risk management tactics to prevent any losses from unexpected market movements.
Support Zone: $25.58—28.25
Resistance Zone: $30.15 – 32.30
Market Cap: $48,530,000,000 USD
Volume (24h): $21,036,137 USD
Share your thoughts about this trade idea in the comments below, and remember to stay tuned to PrimeXBT for future technical analysis news, updates, and more.
UBER SHORT to $20, former CEO dumps shares! UBER has been on a strong downtrend since the IPO, the company has not yet turned a profit and expenses are through the roof with little hope to switch to the long side in the near future. To add to that the co-founder and previous CEO Kalanick continues to dump shares, another +$160 Million worth and the stock continues to trend lower while volume to the sell side increases.
The previous broken low at around $30.00 held as resistance on a retrace and the rotations indicated a continued short where price fell from, price is not at an all-time low anymore where support lies. The IPO to date POC is at $26.85 which is going to be strong support but there is a strong chance it break and price moves into the expansion level at $22.00. We just need to break through the support barrier. The price is at the top of the downward channel which is holding resistance.
Disclaimer: This idea is for educational purposes only, this does not constitute as trading or investment advice. TRADEPRO Academy is not liable for any market activity.
Uber / Former CEO dumped close to $166 million of company stock.Uber co-founder and former CEO Travis Kalanick dumped close to $166 million of company stock over the past three days,
continuing a selling streak that began in the first week of November.
The 43-year-old founder sold a little over 5.8 million shares between December 11th and December 13th, according to an SEC filing.
Uber's co-founder and former CEO Travis Kalanick continues to cash out his stake in the ride-hailing company, selling off close to $166 million worth of shares this week.
The ousted chief executive has sold off a little more than $2 billion worth of Uber stock since the company's post-IPO lockup period in early November,
an act that has rapidly liquidated his stake in the company.
Kalanick holds a little more than 21 million shares in the company as of December 13th, which is less than a quarter of his original stake in the company.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
UBER could be the rally of 2020After a bad IPO and falling stock price, we might finally be seeing a bottom at the end of the year. Overall, UBER had a very disappointing year, not to mention license problems in London and cases of sexual assaults. As 2020 starts big investors will be looking to invest in cheaper stocks and hold for the year. After a big sell this year, UBER looks attractive as a cheap investment. Of course there is a chance that the stock could become even cheaper before investors jump in, but there are always stocks in the beginning of the year that start rallying.
Current price target of big banks and hedge funds ranges between $26 and $64, giving the median of $44. So stock expected to jump almost 50% from its current price.
Average revenue expected to grow from $14.16 billion in 2019 to $18.51 billion in 2020.
EPS still expected on the negative side but significantly less. Current estimate is -2.34 for 2020. This year the estimate is -6.59.
On the technical side, currently trying to break through the trend line and 200SMA. A break to the upside can be traded but small risk as we are still not forming new highs, which means sellers are stronger for now. The break of level $30 is a better confirmation for a long trade. We have evidence for a long position if we get confirmation. Of course, a lot depends on the fundamentals but technicals show promise.
Good Luck!
Don't Laugh! This Ain't Reality T.V.! - UBER So far nothing has gone right for UBER since their IPO launch date.
Stock is still trading at - 40% from it's all time high on July 1rst at $47 per share. UBER has been in our downtrend channel since July and still hasn't shown any sign of breaking out of it. We're also still negative on the MACD.
We took a quick in and out scalp from $28-$30 at the end of November as we hit the top of our trendline again for a nice 15% gain and then sold off.
While Uber announced their Q3 2019 earnings after market close on 11/4 with smaller losses and higher revenue than expected, investors still sold off after the IPO Lockup Expiration period on 11/6. Still short at the moment. Not looking for any long positions until we break out of the downtrend channel with some volume.
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
UBER - For a LaughSomeone asked me to chart UBER. So with these two lines we can see what a dumpster-fire this thing really is.
There may be an entry point sometime January 2020.
This chart makes me laugh.
I will try to update around January.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
$UBER Pullback#UBER looking bearish here, in my opinion, the 4 hour looks bearish and i can see bearish RSI divergence on the 1 hour.
Cheers,
Marc
$UBERUBER approaching Supply zone, wait look for puts. If stopped out, wait for retest and flip to calls.
UBER Potential Bull FlagTICKER: UBER
Looking like a daily bull flag incoming this week of 12/2.
Bulls need to prove it by breaking 30.13. Hourly trend has changed to the bulls, but we're still in a weekly downtrend.
Has the bottom been found for the year? Confirm this bull flag and I will be confident in saying YES.
I plan on making a quick flip on the break of resistance. As far as my other account goes, I will look to enter a HL on the weekly if this bull flag confirms and we get a pull back in the future.
Is Uber putting itself into a Bull Run or It can still drop ?As we know Uber hasn't been very successful in the Stock Market Shares, and now it just lost the London License due to security issues. But we can see on the graph that Uber is maybe waking up and position itself into a Bull Run market.
UBERWith troubles UBER is currently happening and potential bans in London, analysis is pointing towards a drop in share prices long term moving into 2020. One to keep an eye on for sure
UBERUber is coming into play , A break above the current swing level and downtrend line , Uber will try to reach 505 Retracement level which is around 36
