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Uber Technologies, Inc.Uber Technologies, Inc.Uber Technologies, Inc.

Uber Technologies, Inc.

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UBER trade ideas

it's time to going up for UBERbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!! (in every target you want, closed the position but our target is the third one) *Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management* ************************************************* if you want to enter in this position: Enter Price: 65.68 Target1: 66.94 Target2: 68.41 Target3: 70.20 Target4(Final Target): 71.64 Stoploss: 63.71 ************************************************* Guy's if this idea was useful and it was intresting for you please follow for more please do comment and like my idea If you like my idea show me in comment section doing and living in the best quality thanks of all of you dear's ;)
NYSE:UBERLong
by MakingMoney444
Uber Technologies, Inc.In this technical analysis of Uber Technologies, Inc. (NYSE: UBER), we delve into various indicators and recent price actions to forecast potential market movements and suggest strategic trades. Uber's stock has shown significant volatility, and by integrating technical insights with a speculative touch on potential price targets, this analysis aims to guide traders with actionable recommendations. Uber's recent price movement has seen a decline from its peak at $82.14, marked by a series of red candlesticks indicating selling pressure. The price correction down to $66.43 could be attributed to profit-taking and market sentiment adjustments. The latest candlestick formation, coupled with increased volume, suggests a continued interest in the asset, which could precede either a potential reversal or further declines. * Moving Averages: The 50-day Exponential Moving Average (EMA) is showing a buy signal, currently positioned at 59.44, which suggests that the price may find support around these levels. However, shorter-term EMAs (10-day and 20-day) have positioned themselves for a sell, indicating near-term bearish pressure. * MACD (Moving Average Convergence Divergence): The MACD levels present a sell signal with a current reading at 4.08. The negative divergence from the signal line emphasizes the increasing bearish momentum. * RSI (Relative Strength Index): Currently at 49.56, the RSI is neutral, reflecting a balance between buying and selling pressures. However, this neutrality near the midpoint can pivot swiftly with market dynamics. * Fibonacci Retracement: Observing the Fibonacci retracement levels from the previous high at $82.14 to a significant low at $40.09, key resistance is noted around $66.08 (0.382 retracement level). A break above this could lead to testing higher resistance near $71.63 (0.5 level). The increased volume on down days and the price below recent high suggest that sentiment has turned cautious, with traders potentially looking for confirmation before initiating large positions. * Long Position: Consider entering a long position if the price rebounds and holds above the $66.08 Fibonacci level. A conservative target for this trade would be near the $71.63 level, with a stretch goal at $75.06 (R1 pivot point). Place a stop loss at $63.84, slightly below the recent swing low, to manage risk effectively. * Short Position: Should the price fail to hold the $66.08 level and shows signs of weakness, initiating a short position could be advantageous. The immediate target for this setup would be around $60.09 (previous support), with a further bearish outlook potentially extending to $50.04 (P pivot level). The stop loss for this position should be placed just above the $71.63 Fibonacci retracement level to limit potential losses from a reversal. Uber Technologies, Inc. presents an intriguing opportunity for traders with its current volatility and technical setup. The recommended strategies involve clear entry points, target levels, and stop-loss placements to optimize the trading outcomes while managing risks. Continued monitoring of Uber's stock, alongside market news and economic indicators, will be crucial to adjusting strategies as market conditions evolve.
NYSE:UBERShort
by AxiomEx
Uber Posts Q1 Results That Beat Expectations for RevenueUber (NYSE: NYSE:UBER ) announced its first-quarter results on Wednesday, which surpassed analysts' revenue estimates but also reported a net loss. The company's revenue increased by 15% to $10.13 billion year over year. However, the gross bookings fell short of expectations, with the company reporting $37.65 billion, compared to the $37.93 billion expected by industry analysts. The net loss of the company widened to $654 million, compared to a loss of $157 million in the same quarter the previous year. Uber ( NYSE:UBER ) attributed this loss to a $721 million net headwind from unrealized losses related to the reevaluation of its equity investments. The company's adjusted EBITDA was $1.38 billion, up 82% year over year, which is slightly higher than the $1.31 billion anticipated by analysts. Uber's monthly active platform consumers reached 149 million in Q1, up by 15% YoY from 130 million. During the same period, there were 2.6 billion trips completed on the platform, a 21% YoY increase. The company's mobility segment reported $5.63 billion in revenue, up 30% YoY, and 2% QoQ. The delivery segment reported $3.21 billion in revenue, up 4% YoY and 3% QoQ. The freight business booked $1.28 billion, a decrease of 8% YoY and flat QoQ. In Q2, Uber expects to report gross bookings between $38.75 billion and $40.25 billion, with adjusted EBITDA of $1.45 billion to $1.53 billion. The company's CEO, Dara Khosrowshahi, said that the loss had "nothing to do with the operating business" and that the company does not expect it to keep happening going forward. Khosrowshahi added that Uber cannot predict the markets. Despite the loss, Khosrowshahi stated that the demand for Uber remains strong across their platform, supported by their improving marketplace experience, the continued shift of consumer spending from goods to services, and the secular trend towards on-demand transportation and delivery. The company is focused on increasing its penetration of core use cases while expanding into new consumer segments to drive user growth and win more of their daily trips.
NYSE:UBER
by DEXWireNews