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Uber Technologies, Inc.

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UBER trade ideas

UBER Could Test $36 Soon If The Price Will Hold Above $32Uber Technologies, Inc. (Uber) is AN American mobility as service provider. It is based in San Francisco with operations in approximately 72 countries and 10,500 cities. Its services include: ride-hailing, food delivery (Uber Eats and Postmates), package delivery, couriers, freight transportation, electric bicycle and motorized scooter rental via a partnership with Lime, ferry transport in partnership with local operators. Uber does not own any vehicles; instead, it receives a commission from each booking. Fares are quoted to the customer in advance but vary using a dynamic pricing model based on the local supply and demand at the time of the booking. Technical Analysis: UBER could test $ 36 soon if the price will stay above $ 32 over the next week. This is necessary because 32 is a small resistance area that can be major support if the price should manage to break through it in the coming days. This bullish volume will help UBER to increase up to $36 in the coming weeks. Thank you and Good Luck!
NYSE:UBERLong
by KlejdiCuni
12
$UBER - How do you see it playing out?Uber has been in a down trend channel and currently trading at the lower trend line of the channel. The question is will it bounce from here or will it break below the lower trend line? Per fib extension, $31.72 area could be a support. However, a better support would be $28.58 (the yellow line). If the price breaks down to $28.58, it would mean the price has broken below the channel. It's extremely bearish. But if we look at the history, the area has acted as support multiple times in the past. A bull might bet that the price will bounce from 31.72 area and head towards $37.67 with a tight stop loss at $31. A safer entry would be around $28.58 again with a tight stop loss at $26. It's hard to trade in the current headline driven environment. How would you play? ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines show support and resistance areas. - Fib lines also show support and resistance areas. - The dotted white lines show the price projection for breakout or breakdown target. Disclaimer: Not investment advice.
NYSE:UBER
by PaperBozz
UBER - Active pattern is still pushing price down Downward push from the key supply levels is relentless. despite good ER, rejected VWMA and down to the recent low. I H&S pattern is emerging on the daily, if it loses 34 again, 29 is next. short is still the path of least resistance, but I'd be vigilant if I was too deep. 34 holds and it bases above for a bit, test of VWMA around 40 and the breakout is on the cards. neat falling wedge makes this a very attractive pattern.
NYSE:UBERShort
by CheelooTrader
UBER - $30If you've followed our previous charts on Uber they've been spot on. We're looking to buy back in at the $30 levels using dollar cost average method. 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. Feel free to give us a follow and shoot us a like for more analysis updates.
NYSE:UBER
by MannyLo
Uber Technologies: downtrend on the wayAlthough it's true investors are buying around these levels, the price keeps falling around the downtrend channel. Good buying opportunities are found on the lower part of the channel. It's a good opportunity for a buy-and-hold strategy, but the incoming FED intervention on interest rates hikes could pose a tremendous risk on the short term in all stocks, so care with volume. In terms of fundamentals, Uber has improved a lot and reduced losses considerably, financial and operational results were positive this last Q, way better than those of 2020. The best strategy is to buy the dip. So analyze the financial results of 2021, compare it to 2019 and 2020 and place your bets! I'm pretty sure this one is gonna perform really well in the coming years, but it's all about timing. If indices fall, we will find a great opportunity on this one!
NYSE:UBER
by alvaromroo
1
Uber projection (amateur)Well , firstly i believe Uber is highly undervalued and believe it has high potential upside post q4 eanings and after CFO stated Uber is looking at $5 billion in. profits by 2024 . furthermore , Uber settled a lawsuit over some google secrets which were being traded in regards to self driving car , this is me putting my 2 cents and ignoring tehcnical analysis but i remember uber raised the cost of delivery and rides because they were offering at a loss because they couldn't afford to pay all their drivers , what would make most sense is a fleet of driverless rideshare and delivery and i wouldnt doubt the lengths uber would go to get its hands on some intel on autonomous vehicle engineering as this would push ubers potential and opportunities for expansion limitless and be able to retin up to 40A% more profits back to brains , uber and lyft both show high booking reports going into 2022 displaying a high demand for mobility and as pandemic fears and mask mandates are being pushed aside , travel and need for mobility and travel will rise offering higher profitability for both rideshare companies this coming year but more towards uber as it offers food delivery .
NYSE:UBERLong
by prodigaltrades