Get started
UBER TECHNOLOGIESUBER TECHNOLOGIESUBER TECHNOLOGIES

UBER TECHNOLOGIES

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

UBER trade ideas

BREAKOUT TERRITORYTECHNICALS: Uber has formed a bullish ascending triangle and is sitting at a very strong resistance level at around 28.50 (solid blue line). It is in breakout territory and if it passes this resistance it could mean a rally to test the 33.50 level then 40.50 A good risk/reward setup. FUNDAMENTALS: Yes, the underlying fundamentals are bleak at the moment with Uber's core business model being ride-sharing, yet their food delivery service is expected to be booming due to the COVID-19 stay at home orders. Keep in mind, once the pandemic slows and business starts to go back to normal, Uber's ride-sharing will pick up and likely resume back to normal. Therefore, this is still a good long term play for investors, especially those looking to buy Uber at a discount.
NYSE:UBERLong
by PerryWave
2
Ascending triangle leading to the upsideNew to trading so any advice would be appreciated. Heavy level of resistance and there is plenty of potentially 'positive' news coming out in the next week or so. Trumps hopes of being re-elected for a second time are pretty dismal at present and he has to do something drastic to change this, so a forced opening of the states sounds reasonable to increase his chances. As I think Uber has been performing better than any other ride hire during the pandemic is because of Uber eats and in turn may have won some customer loyalty and therefore increase market share, and so could surpass previous highs in the longer term. However, I can see a small push up in the short term as economies open but anything could happen after that. I think we could possibly see cases increasing after lockdown has been lifted but the extent of the increase is anybody's guess.
NYSE:UBERLong
by DavidJamesTrading
Is UBER ready to crumble? Another Bearish Idea.The past few days, I have been hunting for solid Short opportunities. I believe UBER may be forming a beautiful setup. I continue to hold a Bearish stance on US Markets as a whole. How long can the government keep the market postured up on stilts due to stimulus? My bet... Not for much longer. - Very SLIGHT Hidden Bearish Divergence on the Daily here for UBER. - Volume has declined this entire move up. - $28.50 was tested several times throughout late 2019. This stands as an important resistance at the moment with a few wicks attempting to break it. - Also struggling to break above the 0.5 level in confluence with the $28.50 level. - It is possible that we broke our lower trend line and could begin the descent for UBER. Their are a few ways to draw this trend line, but ultimately I ended up with this bearish viewpoint. - This idea is INVALID if price were to close above and hold $28.50. Will UBER plummet from here on out? Possibly. The setup here is prime for the taking.
NYSE:UBERShort
by Queen-jane