$UBER Cup and handle breakout on the daily.NYSE:UBER Cup and handle breakout on daily chart. Reclaim of 50 SMA. Daily trendline support beneath. Need AMEX:SPY to reclaim 50 SMA.
UT8 trade ideas
UBER In-Depth Analysis with a Bullish BiasUBER In-Depth Analysis with a Bullish Bias
UBER has just broken out of a clear Bullish Channel pattern. The price is poised to rise again ahead of the earnings report set to be released on February 5th.
For further details, you can watch the full analysis!
Thank you:)
BUY UBERSeen a sweep of liquidity on the daily then chod and stable structure above high from the zone I marked up
Major Price Movement Incoming for UBER!Signalist has detected a precise pattern in NYSE:UBER trading activity, signaling that a substantial price movement is imminent. This isn’t a random fluctuation—it’s a carefully analyzed precursor to a significant market event.
📅 What to Expect:
⌛ Timeline: Anticipate a major move within the next 1 to 4 upcoming 3-hour candles.
📈 Monitor the Charts: Keep an eye on UBER’s price action over the next few candles.
Prepare Your Strategy: Whether you’re bullish or bearish, have your trading plan ready to capitalize on the move.
12/18/24 - $uber - I'm irresponsibly long @$6112/18/24 :: VROCKSTAR :: NYSE:UBER
I'm irresponsibly long @$61
- won't rehash the thesis
- but these guys will share the AV pie. the mkt is no doubt pair trading NASDAQ:TSLA v $uber. today that started to reverse even early in the session
- looking at $uber/ NASDAQ:QQQ pair - the stock has clearly bottomed in my opinion
- what matters here, however is the composition of how the market makers spool the index (which is targeted in a narrow range and IMO will finish higher from here into YE)
- will we see some collateral damage, a follow on risk off day? anything's possible. but a lot of leverage was flushed today and quite frankly that's healthy.
- so i'm irresponsibly long NYSE:UBER calls. $60 for jan 17 '25 ... and some dec 27 expires as well. will manage this v closely, but it's my highest conviction ST idea given the strength the stock showed today in the worst tape so far this year.
b careful there. love u guys
V
Long UBER longer term (Major breakout ahead) Major breakout appears to be coming soon for NYSE:UBER
NYSE:UBER
Uber (NYSE: UBER) at a Crossroads: Will Bulls or Bears Take the Uber Technologies, Inc. (NYSE: UBER) is currently at a critical juncture, offering a high-probability trading setup for both bulls and bears. The stock is trading at $61.71, and the technical chart reveals a dual-sided opportunity depending on whether it breaks key support or resistance levels.
Technical Analysis
The price action on Uber’s 4-hour chart indicates the potential for a strong move in either direction. The stock is currently testing a pivotal support zone, with clear resistance levels overhead. Here’s a breakdown of the setup:
Bullish Setup
Entry: Above $66.03
Target 1: $73.68 (mid-range resistance)
Target 2: $80.92 (upper channel resistance)
Stop-Loss: Below $61.42
A breakout above $66.03 could confirm the continuation of Uber’s broader uptrend, with strong momentum pushing toward higher targets. Positive fundamentals, such as improving profitability in Uber Rides and Eats, support this scenario.
Bearish Setup
Entry: Below $54.59
Target 1: $43.27 (first major support)
Target 2: $31.88 (long-term demand zone)
Stop-Loss: Above $61.42
A breakdown below $54.59 would suggest a shift in market sentiment, potentially leading to sharp downside moves. Macro headwinds or underwhelming earnings could serve as catalysts for this bearish case.
Key Market Dynamics
Volume Confirmation: Watch for increased volume during a breakout or breakdown to validate the move.
Exponential Moving Averages (EMA): Uber is testing key EMAs (100 and 200), which could act as dynamic support or resistance.
Analyst Ratings: According to consensus data, 50 analysts project an average 1-year price target of $90.89, with a high of $120.00 and a low of $75.00. This reflects a potential upside of 47.29% from current levels, underlining a bullish outlook from Wall Street. Moreover, 58% of analysts rate the stock as a "Strong Buy," citing Uber’s dominant market position and consistent growth in gross bookings.
Final Thoughts
Uber is at a tipping point, and the direction it chooses will set the tone for the coming months. Whether you're a bull targeting $87.92 or a bear eyeing $35.88, there’s a setup for everyone. The stock’s consolidation suggests a big move is imminent – it’s all about being on the right side of the trade.
Disclaimer
This content is for educational and informational purposes only and should not be considered as financial or investment advice. Always perform your own analysis and consult with a licensed financial advisor before making any trading decisions. Trading carries risk, and you may lose more than your initial investment.
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Happy trading, and see you in the next idea! 👋
Why to buy UBERUber has been in downtrend since past few monsth but over past 2 week it is showing strength as shown by weekly candle and increased volume. right now it is sitting at a massive support. I think with great earnings and with new quarter comings fund will be buying UBer overall technical picture provide great risk reward ratio. I am a buyer here with target to at least 67
UBER Bounce?The recent price action for NYSE:UBER has been characterized by a series of red candlesticks, indicative of sustained selling pressure, followed by the formation of a doji candlestick, signaling indecision or a weakening bearish momentum. Today, NYSE:UBER closed with a strong bullish green candle, well above the midpoint of the previous red candlesticks, suggesting a potential reversal.
Furthermore, a MACD crossover has occurred, indicating a possible buy signal. This is supported by the RSI, which dipped below 30—highlighting oversold conditions—and is now recovering, further reinforcing the case for bullish momentum. Given these technical indicators, I believe this is an opportune time to initiate a position in NYSE:UBER. With the stock demonstrating the potential to break its previous resistance level, which could now serve as a new support line, it is reasonable to anticipate that NYSE:UBER may test the next resistance level around the $73 mark.
$UBER WAVE 3 ABOUT TO STARTiF UBER holds this level looks like starting wave 3 which will take us over $110 .Lot of noise about tsla beating them in robo taxi but uber is a key player with plenty of cash. When u drunk in club first thing u think about taking uber to home . i like weekly chart about to reset
UBER buy lowUber has fallen from 90 to 60 on no fundamental change in the company. The drop has been in correlation with the rise in TSLA stock because of their robo taxi hype and Waymo autonomous taxis. 60 is a strong technical support area and offers great R/R.
Uber: Why uber might be the stock of 2025Hello,
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 signaling 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.
Goodluck & happy 2025!
$UBER short defenseThis weekly chart shows a bigger picture perspective on my prior short call.
The bullish BOS from top 1 was not met with contnuation but rather with weakness
now lasting several weeks. The past few weeks have seen more selling pressure
than buying pressure in my opinion. In the large channel I can see price rotating
down to at least the swing low indicated as the TP. Also note the MACD bearish
divergence if you are into oscillators. Merry Christmas!
$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!
