UT8 trade ideas
$UBER STOCK UPTREND SUPPORTNYSE:UBER STOCK UPTREND SUPPORT
-good risk to reward ratio
-high cashflow
$UBER LONGThe chart for Uber Technologies Inc. NYSE:UBER indicates the end of a Wave 2 correction and the beginning of a Wave 3 rally within the context of Elliott Wave theory. This suggests a strong upward trend could be underway, with significant potential upside.
Analyst Price Targets for NYSE:UBER :
1. Mark Mahaney (Evercore ISI Group): Increased price target to $120, citing strong fundamentals and expansion into new markets.
2. Ivan Feinseth (Tigress Financial): Maintains a ‘Buy’ rating with a price target of $103, emphasizing growth in delivery services and mobility recovery.
3. Andrew Boone (JMP Securities): Reiterates ‘Market Outperform’ with a price target of $95, driven by Uber’s profitability improvements and growth in gross bookings.
The overall consensus among analysts is a target range of $90-$120, reflecting a potential upside of 40%-70% from current levels. This aligns with technical signals that indicate a bullish continuation phase as Wave 3 unfolds.
$UBER LongTrade Description: Uber Technologies Inc. (UBER)
Fundamental Analysis:
Uber Technologies Inc. (UBER) has recently reported strong financial performance, indicating significant growth and profitability. In Q3 2024, Uber achieved an adjusted EBITDA of $1.6 billion, marking a 71% year-over-year increase, and generated free cash flow of $1.7 billion.
Despite these robust financials, Uber's stock has experienced a pullback, with a 9.3% decline adding to one-year losses. This downturn is partly due to concerns over competition in the autonomous vehicle sector, particularly with companies like Waymo expanding their presence.
Comparatively, traditional safe-haven assets like gold and U.S. Treasury bonds have shown limited growth potential. The SPDR Gold Shares ETF (GLD) is currently priced at $244.00, with minimal change, and the iShares 20+ Year Treasury Bond ETF (TLT) stands at $90.65, also showing slight movement.
Chart Analysis:
Uber's stock is currently trading at $61.03, reflecting a modest increase of 1.3% from the previous close. The stock has shown resilience, with an intraday high of $61.05 and a low of $59.61. Despite recent volatility, the stock's performance indicates potential for recovery, especially considering the company's strong financial fundamentals.
Conclusion:
Uber's impressive financial performance, coupled with its current stock valuation, suggests that it may be undervalued compared to traditional safe-haven assets like gold and U.S. Treasury bonds. Investors seeking growth opportunities may find Uber's stock appealing, given its potential for appreciation and the company's ongoing profitability.
$UBER - I am not so sure NYSE:IT is currently siting on a support. Sure, you can get an oversold bounce but I am not so sure it can get a sustain recovery.
There is a chance that it could see a drop to $54 - $49.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
20% downside risk still persists MT ; Long term upside 100%- In the short term, NYSE:UBER price can go down to test $47 at 200 SMA on weekly timeframe.
- This will present a solid opportunity to buyer Uber at an attractive valuation.
Risks & Opportunities:
- Many investors are selling it because of AV i.e waymo & robotaxi by tesla.
- These AVs are not a risk for at least 3-5 years. On top of that, Uber is a global platform which allows one to use the same app in various countries.
- AVs are capital intensive and will eat up lot of capital from Google & Tesla. It is not scalable beyond US where there's huge population like Asia or where the roads aren't good, traffic signs are confusing. Therefore, there will always be a demand for rideshare with an actual driver.
- Rideshare with driver will always be cheaper to operate in countries where population is high & labour is cheap like south America, asia, south-east asia. It is capital light because car is of the cab driver whereas for AV, the car needs to be modified, infrastructure needs to be maintained, software updates, car maintainence etc can't compete with rideshare with human driver.
- Uber is a "verb" for ride hailing and can be used as a benchmark for right pricing as local taxi drivers might dupe tourists.
- CEO Dara is amazing and has turned Uber from a loss making company to a profit generating machine. His execution is top class.
- I remember when Uber & Lyft used to trade hand in hand till 2022. But Dara's execution proved Uber to be a rideshare winner.
- Uber should perform well even if we hit a recession because in a recession although there would be demand compression but the supply of drivers will increase ( gig economy ) so price paid to driver will decrease ( simple supply & demand ) which will lead to stabilization of margins.
- People ain't stopping to buy food from uber eats as they are too lazy to cook and won't stop taking rides if they have to go from A to B. Plus, in a recession, people are likely to invest less in buying new car which can be seen from cooling down of auto industry despite several rate cuts.
Disclaimer:
- I'm nibbling Uber as it goes down and want to build this as my biggest position for a safe & asymmetrical returns of 60-100%+
Consider Long at $52Considered Long position at $52, Stop loss at $50 or $49. Stock is approaching monthly support level, right now might not be a good time to add. Set Alert when price approach $52 for swing Trade up.
UBER - At a clear buy levelwe previously pinned the 61.8 retrace level and we are now finding support at the 50%. This likely predicts a significant upward move. Note the fib channel and retrace levels.
Is Uber a good buy at the current price? Here is whyHello,
Here is our outlook on Uber Technologies.
Uber Technologies, Inc provides a platform that allows users to access transportation and food ordering services. The Company operates through two segments: Core Platform and Other Bets.
The Core Platform segment consists of Ridesharing and Uber Eats. The Other bets segment consists of Uber Freight and New Mobility platforms. Ridesharing refers to products that connects consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses and taxis. Its Uber Eats platform allows consumers to search for and discover local restaurants and order meals through online.
TECHNICAL ANALYSIS- Checklist
Structure drawing (Trend line drawing on past price chart data)
Patterns identification (Naming patterns on past price chart data for future wave)- A correction forming. Price is at the bottom of the corrective wave.
Future indication (Reading indicator for future wave)- Await zero crossover on MACD
Future wave (Drawing on future price chart using future indication from indicator)- As shown in chart
Future reversal point (Identifying trend reversal point on price chart using structure)- Target at $100 per share
Uber Technologies, Inc. financial performance for Q3 2024 and the nine months ended September 30, 2024.
Total Revenue: $11,188 million for Q3 2024, $32,019 million for the nine months ended September 30, 2024.
Income from Operations: $1,061 million for Q3 2024, $2,029 million for the nine months ended September 30, 2024.
Net Income including Non-Controlling Interests: $2,599 million for Q3 2024, $2,944 million for the nine months ended September 30, 2024.
Net Income Attributable to Uber Technologies, Inc.: $2,612 million for Q3 2024, $2,973 million for the nine months ended September 30, 2024.
Basic Net Income per Share Attributable to Uber Technologies, Inc. Common Stockholders: $1.24 for Q3 2024, $1.42 for the nine months ended September 30, 2024.
Diluted Net Income per Share Attributable to Uber Technologies, Inc. Common Stockholders: $1.20 for Q3 2024, $1.36 for the nine months ended September 30, 2024.
Revenue from the United States and Canada was $17,304 million, Latin America was $2,068 million, Europe, Middle East, and Africa was $8,939 million, and Asia Pacific was $3,708 million for the nine months ended September 30, 2024.
Uber announced the pending acquisition of Foodpanda Taiwan from Delivery Hero SE for approximately $950 million in cash, expected to close in the first half of 2025.
Beginning in early 2025, Waymo and Uber will bring autonomous ride-hailing to Austin and Atlanta, only on the Uber app. In these cities, Uber will manage and dispatch a fleet of Waymo’s fully autonomous, all-electric Jaguar I-PACE vehicles that will grow to hundreds over time.
You can find a summary of financial statements here:
Our recommendation
Since February 2024, Uber's stock (UBER) has been undergoing a correction, largely driven by concerns over the rise of robotaxi services potentially eroding the market share of traditional ride-hailing giants like Uber and Lyft. Notably, Waymo—Alphabet's autonomous vehicle division—recently expanded to Miami and now completes over 150,000 self-driving rides per week. Tesla is also set to enter the space with a planned robo-taxi launch in late 2025.
However, Uber is not sitting idle. The company, in collaboration with WeRide, has launched an autonomous mobility service in Abu Dhabi and is targeting fully driverless commercial services by late 2025 in the same region. This demonstrates Uber's proactive strategy to stay competitive in the evolving ride-hailing landscape. Beginning in early 2025, Waymo and Uber will bring autonomous ride-hailing to Austin and Atlanta, only on the Uber app.
The sharp decline in Uber's stock price—down 34% in recent weeks. The MACD indicator is showing that we shall be having a zero crossover soon hence suggesting that selling pressure may be nearing exhaustion, potentially signalling a trend reversal. The stock appears poised to recover and return to a more balanced supply-and-demand dynamic.
Despite current challenges, we expect Uber to remain resilient and successfully navigate market headwinds. The current price level presents a compelling buying opportunity, with a target price of $100.00 offering significant upside potential for investors who act now.
Current price: $60.80
Good luck and best regards.
Uber shortI see a possible double-top and head and shoulders. Combined with bearish price action the past few session, I will be shorting this with the stoploss and TP indicated on the measuring tool...For entertainment purposes only!
Uber loadingUber is bearish due to few reasons, 1: ER 2,Waymo. Price SHOULD be supported at 1 Month FVG. Bias: Long
LongPrice @ 1 month FVG/support. Price dropped due Waymo selfless auto drive taxi coming in Miami. Expecting price to rebound.
UBER’S MOONSHOT: $90 IS JUST THE BEGINNING!Uber is the ultimate growth machine, and the market hasn’t even caught on yet. Profits are surging, revenues are smashing records, and the global gig economy is Uber’s playground. This stock isn’t just undervalued—it’s explosively mispriced.
$90? That’s the warm-up. Triple digits are on the horizon as Uber redefines what it means to dominate. This is your chance to ride the wave before the crowd catches up.
Get ready, because Uber isn’t stopping. The moon? Too close. We’re aiming for the stars! 🌕🚀💎
UBER potential very strong new additionUBER is at an extremely attractive setup here. We have hit a multi month trend line again, with a strong pullback to the golden fib. This company keeps growing in all important metrics. There is FUD with waymo and tesla. What people dont realize is waymo has a partnership with Uber already, and move is also partially owned by Uber. Uber provides over 8 billion rides per year, their network effect and aggregation is extremely valuable.
"In a digital network, value flows to the aggregator". Uber is the demand, many people cannot afford cars, people in cities prefer this product. Uber also has several company partnerships for longer term assistance. Uber is expanding in Latin America and Asia pacific. Gross bookings, total trips, and revenue continue to climb. This company will be a cash flowing machine once they turn on the switch. I am a very strong buyer here fundamentally, and TA wise.
My target is well over 100$ on the yearly
Uber Shares Drop Nearly 10%Uber Shares Drop Nearly 10%
In 2024, Uber Technologies (UBER) stock has come under significant pressure, partly due to mounting competition:
→ Tesla is reportedly advancing its autonomous taxi development.
→ Yesterday, Waymo (owned by Alphabet, Google’s parent company) announced plans to train its driverless taxis in Miami in 2025, aiming to launch the service in 2026.
According to Business Insider, Uber and Lyft drivers report that Waymo's autonomous taxis, already operating in Phoenix and other cities, are noticeably impacting their earnings. This seems to exemplify a scenario where humans are being replaced by robots.
What’s Next for Uber Stock?
Technical analysis of UBER's price chart shows the stock remains within a long-term upward channel (indicated in blue), but bearish signs are emerging:
→ The price spike in October to an all-time high resulted in a false breakout of resistance at $82.
→ Late October saw a large bearish gap, sending the price below $76, which then acted as resistance in November.
→ Currently, UBER shares are trading below $68, a key support level since early autumn.
This creates a downward trend on the chart (highlighted by orange lines), threatening to breach the long-term upward trajectory. However, bulls may attempt to leverage support from the lower boundary of the channel to regain momentum.
Analysts remain optimistic. According to TipRanks:
→ 34 out of 36 analysts recommend buying UBER stock.
→ The average 12-month price target for UBER is $93.26.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
$Uber - Short-Term Bullish Reversal in PlayUber has shown promising signs of a short-term bullish reversal, supported by two key technical signals:
1. Bullish MACD Crossover
The MACD line has crossed above the signal line, indicating a potential shift in momentum from bearish to bullish. This crossover often serves as an early indicator of upward price action, especially after a prolonged decline.
2. Bullish Engulfing Candle
On the price chart, Uber printed a bullish engulfing candle, a strong reversal signal. This pattern suggests buyers have regained control, overpowering recent selling pressure.
Short-Term Targets
Initial Target: $69.53
A breakout above this resistance level can attract additional buying interest.
Extended Targets: $72.00–$73.00
Sustained momentum above $69.53 could push prices toward these levels in the coming sessions.
Conclusion
Uber’s technical setup highlights a potential bullish reversal, making it an attractive opportunity for short-term traders. Keep an eye on volume for confirmation, and manage risk with stops below recent support levels.
Trade Safe! 🚀
UBER Technologies, Inc to crash 35%And that might just be the beginning of the end for UBER.
** A forecast for the months ahead **
On the above 6 day chart price action has rallied an astonishing 300% in the past 24 months. A number of reasons now exist for a bearish outlook. They include.
1) “Insider Has Just Sold Shares In Uber Technologies”
“Chief Marketing Officer and Senior Vice President of Communications & Public Policy recently netted about US$2.0m selling shares at an average price of US$72.90.”
simplywall.st
Don’t ignore insider selling.
2) Price action and RSI support breakouts.
3) Regular bearish divergence.
4) The Put/Call ratio. Calls outnumber Puts 3 to 1.
Is it possible price action continue up? Sure.
Is it probable? No.
Ww
12/5/24 - $uber - Aping on the 2027 $60 calls.12/5/24 :: VROCKSTAR :: NASDAQ:PLTR
Aping on the 2027 $60 calls.
- stock acting like the united healthcare CEO got whacked by one of their drivers and we're all about to find out. too soon?
- at 7 bn FCF generation on 143 bn EV... that's 5% yield, grows 15-20% a year (FCF gen). we're already in value territory, the question is what's the reason for this wicked wick.
is it...
A) the market AI didn't "pick" Uber today to go up?
B) something regulation related... e.g. look at TSLA today and the robo taxi narrative (btw short some TSLA today but i won't post about that one bc/ it's a hedge only)
C) something we're about to find out?
...
i'd have to put my chips on C even tho the obvious question then is "why u buy today V"? simply put, i'm doing ITM and LEAP duration. this allows me to get enough exposure to care, but allows (again) more notional flexibility to adjust this strike lower, or go larger in ST stuff if/when we do have a further wick lower and capture some money without doing this with my tail between my legs.
V
uber looking for supportThis uber dip looks very attractive to me. I outlined a few big weekly support levels. If uber finished the week above 69.50, that would be a good sign that the trend could start moving up again (correction over). If not, then i like $65 and $59 as key areas of support and good spots to add commons.
Trading JournalUber, after the massive gap up and close higher, it felt it was setting up just prior to earnings.
Longer term chart was looking good.
Bought small position prior to earnings,
it failed, sold at the open.
It felt like it was setting up again, With closing above the 21 EMA after down move.
Premarket it was gapping higher, went ahead and bought it in premarket, opened lower and just sell throughout the day. Closed position on same day.
AVOID stocks that are broken,
TRY TO buy at the right price and not the lowest price
Bullish on uberStrong name. Every time it dipped below 34-50 ema price has recovered. Can wait for small pull back or start small position and add slowly. Weekly timeframe looks good but there can be small pull back on daily time frame since it is hitting against resistance. Can use pull back as opportunities.
$UBER: OUTLOOK NYSE:UBER : OUTLOOK
Uber just broke out from a TRENDLINE and is bouncing off SUPPORT. 📈
Great entry if it holds the $71.30 level!
👉 LIKE & FOLLOW for more updates!
