UBER Long swing~3 month swing idea
Cup breakout and retest, trend continuation with a target of ~90 on the 1.618 fib extension
UT8 trade ideas
Uber Technologies Uber witnessed a strong rebound after forming a new higher low at 67.12$, violating the last peak 74.50 - 76.50$. and the confirmation of this breakout by remaining above 76.50$, will confirm the current uptrend, triggering further rises near 78.85$ - 81.23$ - 82.20$ - 84$ in the short-term.
The stop-loss lies below 73.45$.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
Uber: Short TripUBER briefly dipped back into the magenta Target Zone between $52.89 and $68.19 after our last update, but has since fully recovered from this setback. Investors therefore once again had the opportunity to open long positions. We continue to keep this range active, but primarily expect an imminent rise to well above the resistance at $81.87, where we anticipate the high of the superordinate wave 3 in turquoise.
Tight Squeeze in Uber Uber Technologies has drifted sideways for most of the year, but some traders may think it’s getting ready to move.
The first pattern on today’s chart is the previous all-time high of $64.05 from 2021. UBER bounced at this level in June and is trying to stabilize slightly above it this month. That may suggest that support has developed above old resistance.
Second, the 50-day simple moving average (SMA) is near the 100-day SMA. Both are near the 200-day SMA. Bollinger Bandwidth has also narrowed. Could that neutrality morph into increased movement?
Third, the ride-sharing company gapped higher after its last earnings report. It jumped again on Friday after expanding its partnership with Waymo. Those pops may reflect positive sentiment.
Finally, the last rally pushed UBER above a short-term falling trendline. That potential breakout and the higher monthly low may also suggest buyers are in the driver’s seat.
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Uber Expands Waymo Driverless Rides to Austin and AtlantaUber Technologies Inc. (NYSE: NYSE:UBER ) is making waves in the ride-share and autonomous vehicle industries with its latest announcement to expand its partnership with Waymo, the self-driving car unit of Alphabet Inc. ( NASDAQ:GOOGL ). Starting early next year, Uber plans to bring driverless Waymo vehicles to Austin, Texas, and Atlanta, Georgia, as it continues to lead the shift toward autonomous mobility. Here's a closer look at Uber's fundamental developments and technical outlook following this major expansion news.
Expansion into New Markets
Uber’s partnership with Waymo will see the deployment of fully autonomous, all-electric Jaguar I-PACE vehicles in Austin and Atlanta. This follows the initial rollout in Phoenix, Arizona, where Uber has received positive feedback from riders. By managing and dispatching Waymo’s fleet, Uber aims to grow the number of driverless vehicles in these cities to hundreds over time, enhancing the ride-hailing experience and setting the stage for more widespread autonomous vehicle adoption.
Growing Partnerships
This partnership underscores Uber’s strategic pivot to leverage external autonomous technology providers instead of developing its own self-driving units, which it sold off in 2020. In addition to Waymo, Uber is collaborating with General Motors' Cruise, which will add its self-driving cars to the Uber platform next year. These partnerships align with Uber's broader goal of converting its fleet to green energy, enhancing sustainability while tapping into cutting-edge technologies.
Financial Impact and Market Response
Uber shares (NYSE: NYSE:UBER ) spiked 5% to $71.55 following the announcement, signaling investor optimism about the company’s future in autonomous ride-hailing. The expansion into Austin and Atlanta comes at a critical juncture for self-driving firms, which face regulatory scrutiny over safety concerns. However, Uber’s careful integration of Waymo’s proven technology could help mitigate these challenges.
Uber’s stock performance has been strong this year, with shares climbing over 16%. This growth reflects confidence in Uber’s adaptability and future earnings potential, as it continues to diversify its services and expand its market reach.
Technical Outlook
Technically, Uber stock (NYSE: NYSE:UBER ) shows strong momentum, with the price trading above key moving averages—the 50-day, 100-day, and 200-day MAs. This alignment suggests a sustained bullish trend, reinforcing positive sentiment among investors. The Relative Strength Index (RSI) is at 54.35, indicating the stock is neither overbought nor oversold, leaving room for potential upward movement.
Key Support and Resistance Levels
Uber’s current support level lies around the $67 mark, a crucial pivot point that has acted as a foundation for recent gains. A dip below this level could trigger a pullback towards the one-month low of $54, corresponding with the December 2020 pivot. Investors should watch this level closely, as a breach could lead to a deeper correction.
On the upside, resistance is likely to be tested around $75, a key psychological and technical barrier. Breaking above this level could see the stock target new highs as Uber (NYSE: NYSE:UBER ) continues to benefit from its autonomous vehicle strategy and market expansion.
Investor Outlook
Uber’s expanding partnerships in autonomous driving position it well for future growth in the ride-hailing sector, where innovation and technology integration are paramount. The positive technical indicators and supportive fundamental backdrop create a favorable environment for potential gains. However, investors should remain vigilant to key support levels and broader market conditions, which could impact Uber’s stock performance in the near term.
Conclusion
Uber’s commitment to scaling its driverless car offerings through partnerships with Waymo and other autonomous vehicle providers marks a significant step in its evolution. As the company expands into new markets and enhances its technology offerings, Uber is poised to solidify its position at the forefront of the ride-sharing and autonomous mobility revolution. With promising technical signals and robust market strategies, Uber remains a compelling stock to watch in the autonomous vehicle space.
Uber ShortSelling Uber, technically looks good and weak, hope to ride it down to the blue line
I dont know what their fundementals are, we can only probably know after the fact anyway
UBER breaking supportUber facing pretty stiff resistance without much support beneath it. Once the trend line breaks we're heading towards $60 or lower.
UBER 1-4 week swing IdeaNYSE:UBER Weekly Idea
Research price = 73.13
Trigger price = 1hr candle close above 74.30
Entry = Prefer a retest of 74.30 after confirm close
This is my ema cross strategy, with exits based on ATR multipliers, and a time limit. This time though, the trigger was set on the weekly time frame which can indicate a longer-term swing. Normally I would enter at candle open (Tuesday), but this 74.30 level is a very big pivot point for this stock, and the current range high, which is why I want to wait to see how it response there.
I love each of the time frame charts on this, but once I get confirmation of entry, I'll try and stick this out so long as the daily close stays above the 12ema
ALL LEVELS CAN CHANGE DEPENDING ON ACTUAL ENTRY AND S&D ZONES FORMED
Entry = 74.30 retest (will choose a strike that is probably in Oct with around .80 delta. Not 100% yet)
SL: 73.5 (just below current 1hr supply)
TP1: 75.40 (July high)
TP2: 76.50 (liquidity level from April)
TP3: 82.14 (ATHs)
Exit by: no specific end date on this one
Exit if: Daily candle close underneath the 12d EMA
I cannot stress enough that UBER is currently within this range of about 71 to 74.
Price could very well test the high of the range and head right back down, with that said though, this would be a big range breakout, so the entry could simply be on a fast break of the range with volume, with a tight stop at that 73.5-.6 level. If it's a slower burn, I'll look for price to close above on a smaller time frame (1hr) and pull back with signs of turning 74.30 into support.
XLI is also on a tear right now, closing at ATHs, which UBER is a holding within.
UBER long . US Stock70 above breakout possible
72/73/75.50 expected to test soon
75.50 above next level 78/82 to test
Uber (NYSE: $UBER) Stock Jumps 8% on Strong Q2 Reports Key Takeaways:
- Uber's second-quarter earnings significantly exceeded analysts' expectations, with profits more than doubling to $1.02 billion.
- Gross bookings increased by 19% year-over-year, with strong performance across both Mobility and Delivery segments.
- Uber's stock buyback plan, initiated during Q2, is expected to "ramp" over the next several quarters.
- The company announced partnerships with BYD for electric vehicles and potential autonomous driving capabilities, as well as a new collaboration with Instacart.
Uber Technologies Inc. (NYSE: UBER) has reported impressive second-quarter results, with earnings surpassing Wall Street expectations and driving an 8% surge in its stock price. The ridesharing giant’s performance highlights its robust growth trajectory and strategic initiatives to bolster its market position.
Strong Q2 Financial Performance
Uber's second-quarter earnings report showcased a stellar performance, with the company achieving a net income of $1.02 billion, more than double the $394 million reported in the same quarter last year. This impressive profit jump is a testament to Uber's effective cost management and strong revenue growth.
The company’s revenue for the quarter climbed 16% year-over-year to $10.7 billion, beating Visible Alpha consensus estimates. Gross bookings grew by 19% to $39.95 billion, with the Mobility division contributing $20.6 billion and the Delivery segment, including Uber Eats, adding $18.1 billion.
Strategic Initiatives and Partnerships
Uber's strategic initiatives are also playing a crucial role in its growth story. The company recently announced a partnership with Chinese electric vehicle maker BYD to introduce approximately 100,000 electric vehicles (EVs) to Uber's global fleet. This collaboration not only supports Uber's sustainability goals but also positions the company to leverage autonomous vehicle technology in the future.
In addition to the BYD partnership, Uber has initiated its first stock buyback plan, purchasing around $325 million of its own stock during the second quarter. JPMorgan analysts have expressed optimism about this move, predicting that the buyback program will "ramp" over the next several quarters, potentially boosting shareholder value.
Market Response and Future Outlook
Following the earnings announcement, Uber shares (NYSE: UBER) jumped 8%, reaching $60.94 shortly after the market opened on Tuesday. Despite this positive movement, Uber shares were down 5% for the year as of Monday’s close. However, the recent rally has positioned the stock to end the year on a more positive note.
As of the time of writing, UBER shares (NYSE: NYSE:UBER ) have gained 7.22% from the -3.22% low observed prior to today's market opening. The Relative Strength Index (RSI) of 42 suggests the potential for further growth. Analysis of the daily price chart reveals that NYSE:UBER stock is exhibiting perpendicular trading in relation to its respective moving averages (MA), indicating a state of balanced momentum between buyers and sellers.
CEO Dara Khosrowshahi emphasized the company's growth prospects, particularly in its core Mobility business and the increasing frequency of food and trip orders through its membership subscribers. For the third quarter, Uber projects gross bookings to be between $40.25 billion and $41.75 billion, with adjusted earnings anticipated to range from $1.58 billion to $1.68 billion.
Expanding Consumer Base and Technology Integration
Uber's consumer base continues to expand, with "monthly active platform consumers" (MAPCs) reaching 156 million in the second quarter, up from 137 million a year earlier. The company facilitated 2.77 billion trips during the quarter, a significant increase from 2.28 billion trips in the same period last year.
In addition to its partnership with BYD, Uber is also collaborating with Instacart to integrate a "restaurants" tab into the grocery delivery app. This feature allows users to order from restaurants and have deliveries fulfilled by Uber Eats, further enhancing Uber’s delivery service capabilities.
Looking Ahead
Uber's second-quarter performance underscores the company's resilience and strategic agility in navigating market challenges and leveraging growth opportunities. With a focus on expanding its EV fleet, enhancing autonomous vehicle capabilities, and increasing shareholder value through stock buybacks, Uber is well-positioned for continued growth.
8/5/24 - $uber - W/b buyer mid 50s in any other tape8/5/24 :: VROCKSTAR :: NYSE:UBER
W/b buyer mid 50s in any other tape
- high 20s PE on '25 #s not "value" but this thing is the definition of moat
- high teens sales growth and 3% FCF yields beat anything sold at Papa Powell's Dog Shop
- love the product, such a go to
- still has some Elon-one-day-will-hurt-stonk
- would own this EPS on any other occasion at this valuation and think there's a pop all else equal (all else equal being the key here bc we are whacky doodle land wrt the Fed emergency mtg etc. etc. and the JPY cray cray no solution just yet)
- i think i remember NYSE:UBER being a softbank baby too, so there's that.
TL;DR - i'd be dip buying even tho i'd typically play this thing long. just too much tape risk. low 50s seems like a good entry if/does happen.
Maximize Gains with Options for $UBER: Option Chain Outlook The NYSE:UBER stock price had been in an uptrend until it reached around the $75 level, after which it entered a correction phase. The price is currently near a long-term upward trendline, which could act as strong support.
Volatility: The IVRank (Implied Volatility Rank) is 107.5, indicating that the current volatility is high compared to the values observed over the past year. The IVx value is 73.6, also indicating high volatility.
IVx 5-day Change: +7.8%, showing a significant increase in volatility over the past 5 days. This is common in the period leading up to earnings as investors prepare for the announcement.
Price Skew: The 27.3% skew indicates that call options are more in demand, which could suggest that investors are expecting a bullish movement post-earnings. A solid skew suggests higher demand for call options, indicating a potential bullish sentiment among investors.
IVx (46 DTE): 73.6, indicating high volatility expected over the next 46 days. Volatility is likely to remain high around the earnings report, which is favorable for selling option premiums.
Exp.mV (46 DTE): The expected move over the next 46 days is $7.6, indicating that investors are pricing significant price movement after the earnings report.
Uber: Turning PointUber has retreated deeper into our magenta Target Zone (coordinates: $68.19 - $52.89). Primarily, the same-colored wave (iv) correction should be in its final stretch. In order to convince us of a low, the price needs to develop a clear impulse to the upside. The entire range can be used to open long positions. As a hedge, a stop could be placed around 1% below our Zone. Following the correction, we primarily assume that the magenta-colored five-wave move should be completed above the resistance at $81.87 which should also mark the end of the turquoise-colored wave 3.
Ichimoku Watch: Uber Bearish Signals Ahead of EarningsUpcoming Earnings
Uber Technologies, Inc. (ticker: UBER) is scheduled to report earnings before the market opens on 6 August. The consensus EPS estimate for the fiscal quarter ending June 2024 is $0.31. The reported EPS for the same quarter a year prior was $0.18.
Early Downtrend; Further Selling?
Between mid-2022 and March 2024, Uber was entrenched in a robust uptrend, consisting of dominant higher highs and higher lows. However, subsequent price action has seen sellers take the lead and explore lower levels; Friday witnessed a strong downside gap, forging a fresh lower low and reaffirming an early downtrend. If further selling is seen and support from $57.32 is cleared, trendline support, extended from the low of $23.90, could be tested.
Overhead, resistances are seen at $60.58 and $63.60, alongside the area formed between the Ichimoku’s Conversion Line (blue at $63.12) and the Base Line (red at $66.13). The Conversion Line crossed below the Base Line at the end of July, helping to confirm a bearish downtrend. The Ichimoku Cloud, formed between the Leading Span A (light green at $64.62) and the Leading Span B (light orange at $66.13), also forms a resistance zone worth watching (note that the Leading Span A crossing below the Leading Span B is also considered a bearish trend signal). Finally, the Ichimoku’s Lagging Span (dark green at $58.99) is below price action, another bearish trend signal!
Price Direction?
The early downtrend and the broad bearish signals from the Ichimoku Indicator suggest the stock could take out support from $57.32 and run for trendline support.
UBER 80 Afrer earnings ? NYSE:UBER
Uber Technologies Inc. Stock Surges to $75-$80 Range Following Strong Earnings Report
Uber Technologies Inc. (NYSE: UBER) has seen a significant boost in its stock price, reaching the $75-$80 range after the release of its latest earnings report. The ride-sharing giant reported impressive financial results for Q2 2024, with total revenue hitting $10.13 billion. This marks a notable year-over-year growth of 15%, showcasing Uber’s ability to expand its market presence and drive revenue despite challenging economic conditions.
The company’s strong performance was driven by increased demand for its ride-sharing and delivery services, as well as strategic investments in new technologies and markets. Uber’s net loss widened to $654 million, but the market responded positively to the revenue growth and future potential1. This optimism among investors has propelled the stock to new heights, reinforcing confidence in Uber’s long-term growth strategy.
As Uber continues to innovate and expand its service offerings, the future looks bright for this industry leader. Investors and market watchers will be closely monitoring how Uber leverages its current momentum to drive further growth and shareholder value.
CAFE CITY STUDIO & NY RUNS GLOBAL INC. NYC
Is Uber Ready to Soar?Uber's stock price has shown resilience, repeatedly testing and bouncing off the $63 support level, marking the fourth time the stock price has rebounded from the bottom of the channel. This pattern, combined with positive long-term fundamentals, suggests potential for upward momentum.
UBER Short OpportunityWe can see that uber reach the previous and start creating a bearish orderflow with a shift in structure daily which will soon occur in weekly timeframe, a breaker can be seen in hourly timeframe, a lot of liquidity to be taken before that the has enough energy to reverse and go higher, I m expecting the price to sharply drop especially with earnings on 06 of august.
UBER - JULY 24 MATrend Unsustainable Momentum- D1 larger trend is aligned to our bearish direction
- When I started this trade I decided to close it within the day instead of letting it run because I noticed that UBER had huge price spikes at market opens. I didn't want that additional unknown volatility variables.
MATrend Unsustainable Momentum (Systematic) ⏪
The strategy identifies stocks (Tech sector ) that follows the larger market regime's momentum of the day and because they are unable to maintain it price breaks down quickly
Tight stops aligned to the price behaviour we are trying to capture. Which is a rapid break of the momentum.
$UBER dooober Very nice base breakout on NYSE:UBER let's see it we can close above 74 on the daily. I'm in for all the marbles but as always will set stops and cut dem losses if we fall back below 74. Forget about NASDAQ:LYFT i'm and NYSE:UBER man now
Uber looking bullish July 11 2024Uber is looking bullish and can do 80+ as there is nothing to stop price at the top.
