UBERRetracing back from its all time high. The current zone drawn is there to follow its trend in the next few days/ weeks
UBER trade ideas
Uber starting to stallUbers momentum indicators and price action has started to stall while sideways distribution patterns are printing out. This is since hitting key fib extensions that uber has previously reacted strongly off of. I expect uber to start retracing very soon and start a slow down tread looking to retest $50-$59 price block area.
UBER up and downthis one is kinda iffy so trying to play it both ways for sure. upside first but once it rejects and we break down its gonna drop like a rock
UBER looking for retracementLooking for a small pop then drop down into 72ish. its fighting in this range but its just not gonna make it. Inverting the chart makes it easier to play the down side. just dont forget to undo the inversion like i did lol. retest of the imbalance then onto the box below.
UBER CALLUBER on 30 minute good structure.
Heea and sholders are par big cup.
I think now good time for open option call one weak expiration.
UBER, 2/9-2/14, profit 10%Uber Technologies (UBER) reported earnings of $0.66 per share on revenue of $9.94 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $0.15 per share on revenue of $9.77 billion.
IS UBER ready for continuation LONGUBER fell a little after good earnings. Apparently traders where disappointed. It then rallied
for three days to close out the week. The following week it retraced the rally for 2-3 days
and then consolidated for a week with a re-awakening of bullish momentum in the past prior
trading day. From here, I believe that UBER is ready for potential push to an ATH and gain
buying pressure along that way perhaps accelerated by short sellers liquidating their positions.
I will take a long trade here of both shares and call options.
UBER Triple Top!!!UBER is forming a Triple Top pattern…..signaling overbought on the RSI…..and a gap to fill all the way down to $69…..let’s see how this one plays out!
UBER Flagging on the DailyUBER forming a gorgeous flag after a post earnings run up. Price is coiling nicely and RSI has been hovering near overbought, but holding there signaling impressive strength.
UBER TOP AND BOTTOM 2024UBER has a monthly channel that has to re-test .
If Uber gets inside the channel will look for to middle and bottom part of the channel.
UBER Stock Chart Fibonacci Analysis 021824Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : D
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
UBER - FlagLONG
- breaking through resistance
- 1W RSI with positive dynamics
- OSMA is positive
- price above 50/200 EMA
- golden crest 1D TF
- 1D TF marribon is positive and opened
- flag
TP1: 69.71
TP2: 80.22
SL: 57.17
Uber's Bold Move: A $7 Billion Share BuybackUber Technologies (NYSE: NYSE:UBER ) has announced its maiden $7 billion share buyback program, marking a pivotal moment for the tech giant. This strategic decision comes hot on the heels of Uber's remarkable rebound, showcasing its resilience and adaptability in the face of adversity.
Following a tumultuous period induced by the pandemic, Uber ( NYSE:UBER ) has emerged stronger than ever, bolstered by a robust recovery in its ride-share segment and sustained growth in its food delivery business. The company's stock, which soared by over 100% last year, surged an additional 8% to $74.75 upon the announcement of the buyback, reflecting investor enthusiasm and confidence in Uber's trajectory.
Uber's Chief Financial Officer, Prashanth Mahendra-Rajah, aptly described the share repurchase program as a "vote of confidence in the company's strong financial momentum." This move underscores Uber's commitment to delivering value to its shareholders while capitalizing on its newfound profitability.
Looking ahead, Uber ( NYSE:UBER ) projects impressive growth metrics over the next three years, with expectations of mid to high teens percentage growth in gross bookings and a striking high 30s to 40% growth in adjusted core profit. Moreover, the company anticipates maintaining a free cash flow of 90% or higher annually, further solidifying its financial foundation.
Thomas Hayes, chairman of hedge fund Great Hill Capital, hailed Uber's decision as a testament to its operational prowess and the surging demand for its services. He noted, "Uber is hitting on all cylinders and has decided it's time to return capital back to the owners. It's a vote of confidence in demand for their services as well as operational discipline perfectly executed by CEO Dara Khosrowshahi."
The buyback program, which is expected to reduce Uber's share count by up to 5%, has been met with widespread acclaim from investors. This move not only signifies Uber's bullish outlook on its future prospects but also underscores its commitment to enhancing shareholder value.
The resurgence of the ride-share market, coupled with Uber's landmark achievement of posting its first annual net profit since going public in 2019, underscores the company's remarkable turnaround. With a staggering free cash flow of $3.4 billion in 2023, compared to $390 million the previous year, Uber is undoubtedly on a trajectory of unprecedented growth and success.
In conclusion, Uber's $7 billion share buyback initiative encapsulates its unwavering confidence in its ability to deliver sustainable growth and create long-term value for its shareholders. As the company continues to innovate and expand its global footprint, this bold move serves as a testament to Uber's resilience, adaptability, and unwavering commitment to driving shareholder returns in an ever-evolving landscape.
UBER rising after VWAP bounce LONGUBER on a 30 minute time frame chart crossed over an anchored VWAP about January 25 and
topped January 30th then retested the slowly rising mean anchored VWAP in a double bottom
fashion on the following day. The relative strength indicator is in the 65-75 range and the zero
lag MACD cycling mostly above the horizontal zero level. I see UBER as suitably setup for
a swing trade long when it is near to the bottom of the support trendline in the ascending
megaphone pattern.
Uber's Earnings Beat Reflects Resilience Amid Supply ChallengesIn the wake of Uber Technologies' (NYSE: NYSE:UBER ) latest earnings report, the ride-hailing giant continues to demonstrate its resilience and adaptability in the face of ongoing challenges. Despite concerns surrounding driver supply and market dynamics, Uber's fourth-quarter performance exceeded expectations, reflecting its ability to navigate turbulent waters while maintaining strong growth momentum.
Analysis:
Uber's (NYSE: NYSE:UBER ) fourth-quarter earnings showcased robust financial results, with adjusted earnings per share (EPS) soaring to 127% year-over-year and revenue climbing 15% to $9.9 billion. The company's gross bookings, a key financial metric, grew by 22% to $37.6 billion, surpassing analyst estimates. This impressive performance underscores Uber's (NYSE: NYSE:UBER ) ability to effectively capitalize on evolving consumer behaviors and market opportunities.
One notable highlight from the earnings report is Uber's (NYSE: NYSE:UBER ) success in boosting driver supply, which has been a persistent challenge amid the ongoing labor market dynamics and regulatory changes. The company's efforts to enhance driver incentives and streamline onboarding processes have started to yield positive results, as evidenced by the growth in monthly active platform consumers (MAPCs) and monthly trips per MAPC reaching all-time highs. This indicates that Uber's platform remains highly attractive to both riders and drivers, driving increased engagement and usage.
Moreover, Uber's (NYSE: NYSE:UBER ) strong financial position, as evidenced by its adjusted EBITDA of $1.3 billion, underscores its ability to effectively manage costs and drive operational efficiency. Despite facing headwinds in certain markets and segments, the company continues to invest in strategic initiatives aimed at driving long-term growth and profitability.
Future Outlook
Looking ahead, Uber's guidance for the first quarter of 2024 further instills confidence in its growth prospects. With expected gross bookings in the range of $37 billion to $38.5 billion and forecasted EBITDA of $1.30 billion at the midpoint of guidance, Uber remains well-positioned to capitalize on emerging opportunities in the transportation and delivery space.
Conclusion:
In conclusion, Uber's (NYSE: NYSE:UBER ) fourth-quarter earnings beat reflects its resilience and agility in navigating complex market dynamics. Despite facing challenges related to driver supply and regulatory pressures, the company's strong financial performance and strategic initiatives position it for continued growth and success. As Uber continues to innovate and expand its ecosystem of services, investors can remain optimistic about its long-term prospects in the evolving mobility landscape.
UBER 80 AFTER EARNINGS !! Uber Technologies Inc. (UBER) has seen significant growth in the past year. The ride-hailing and delivery platform’s shares have skyrocketed 111% in the last 12 months1. This return not only far outpaced the broader Nasdaq Composite index, but it also means Uber is now hitting fresh all-time highs1.
Here are some key points to consider for a long position in Uber:
Network Effects: Uber’s business benefits from powerful network effects. The larger Uber gets, the more valuable its services become for all stakeholders2.
Growth Potential: Between Q3 2019 and Q3 2023, gross bookings and revenue increased 114% and 145%, respectively2.
Earnings Forecast: Wall Street analysts expect Uber will release earnings per share of $0.1593. With earnings projections at $9.76 billion, a 5% QoQ increase, and $0.39 earnings per share4.
Market Position: Uber’s network effect protects its competitive position. It would be an extremely difficult task for a new entrant, no matter how well funded, to start a competing ride-hailing or delivery business from scratch
$NYSE:UBERBuy to open 1 UBER Mar8/April 19 67.5/80 Call DiagonalThis is a bullish strategy with a limited risk of $488 and a limited profit of $846.74.
Uber is currently in a bullish channel with a good expectation for the upcoming earning
UberReverse head and shoulders, measure from the neckline to the bottom of the head. Line #1 shows this measurement, Line #2 is a clone of line one. The upside target of line #2 is a minimum target for Ubers next run!!!
$UBER COMPLETE ELLIOT WAVE ANALYSIS Elliot wave analysis indicates that NYSE:UBER is currently in wave 3, Following a rebound from the 0.764 extension, it becomes evident that Uber is poised to advance towards the 1.618 extension, with the potential for further extension beyond, considering the substantial duration of the initial wave.
$UBER: Strong Break of 65Uber is showing incredible resilience at 65 and it may resolve higher as one of the top growth stocks continues to make new highs. We'll look to see what 70 has to offer and then make any adjustments there as necessary. Good luck traders!
Can UBER breakthrough its all time high?UBER on the weekly chart has been touching the all time high
( set nearly two years ago ) since mid-December. The relative buying volume has had some
spikes. the MACD suggests a line cross above the histogram and so some bearish tendencies.
If UBER can get over its all-time high and retest it from above another leg higher seems to be a
very likely scenario as buyers jump into the action chasing the price. This will be especially true
if the general market gets some good trending up. This goes on the watch list with an alert for
a new all-time high.
$UBER Buy High Sell HigherRS Rating of 98, rising Quarterly VWAPs anchored to Earnings, Above its 40wk MA, New IPO highs, I have reasons to believe this security displays all characteristics of Superformance
UBER due for a correctionwe are almost done if not done wave 5 and now we might see a upcoming retracement. Another thing I spotted was a bearish RSI divergence. there are multiple key factors on why I think UBER is bearish.
