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Uber

Short-Term Uber Price PredictionWelcome to PrimeXBT’s technical analysis of the Uber, the ride-sharing company that recently launched the largest IPO of the year. News and Fundamental Analysis: This year was a year filled with many high-value IPOs buzzing around the investment industry. The company’s revenue is expected to grow by over 60%, helping it top the list of IPOs with a substantial investment of $8.1 billion . This month, the company released its annual safety report, outlining any incident data and explaining the steps taken to ensure the safety of drivers and passengers using the ride-share service. Technical Analysis: Uber stock price chart technical analysis suggests that the trend may soon be shifting for Uber, as the asset appears to have formed a falling wedge – which is typically a bullish reversal pattern. The top of the bullish chart pattern is being tested and is in the midst of potentially breaking out of the formation with a target zone around $32 per share. Further adding credence to the possible reversal, the Relative Strength Index on Uber charts reached as low as 26 in late November and has been on a steady rise since, even despite price making a short pullback before again trending higher. The price action combined with the indicator staying strong has formed a bullish divergence, which often indicates that a trend reversal is forming from bearish to bullish, and an uptrend could soon follow. However, until a breakout is confirmed, remember to be cautious and to use proper risk management tactics to prevent any losses from unexpected market movements. Support Zone: $25.58—28.25 Resistance Zone: $30.15 – 32.30 Market Cap: $48,530,000,000 USD Volume (24h): $21,036,137 USD Share your thoughts about this trade idea in the comments below, and remember to stay tuned to PrimeXBT for future technical analysis news, updates, and more.
NYSE:UBERLong
by PrimeXBT
2
UBER SHORT to $20, former CEO dumps shares! UBER has been on a strong downtrend since the IPO, the company has not yet turned a profit and expenses are through the roof with little hope to switch to the long side in the near future. To add to that the co-founder and previous CEO Kalanick continues to dump shares, another +$160 Million worth and the stock continues to trend lower while volume to the sell side increases. The previous broken low at around $30.00 held as resistance on a retrace and the rotations indicated a continued short where price fell from, price is not at an all-time low anymore where support lies. The IPO to date POC is at $26.85 which is going to be strong support but there is a strong chance it break and price moves into the expansion level at $22.00. We just need to break through the support barrier. The price is at the top of the downward channel which is holding resistance. Disclaimer: This idea is for educational purposes only, this does not constitute as trading or investment advice. TRADEPRO Academy is not liable for any market activity.
NYSE:UBERShort
by TRADEPROAcademy
Uber / Former CEO dumped close to $166 million of company stock.Uber co-founder and former CEO Travis Kalanick dumped close to $166 million of company stock over the past three days, continuing a selling streak that began in the first week of November. The 43-year-old founder sold a little over 5.8 million shares between December 11th and December 13th, according to an SEC filing. Uber's co-founder and former CEO Travis Kalanick continues to cash out his stake in the ride-hailing company, selling off close to $166 million worth of shares this week. The ousted chief executive has sold off a little more than $2 billion worth of Uber stock since the company's post-IPO lockup period in early November, an act that has rapidly liquidated his stake in the company. Kalanick holds a little more than 21 million shares in the company as of December 13th, which is less than a quarter of his original stake in the company. Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
NYSE:UBER
by CryptoTrend-Alerts
UBER could be the rally of 2020After a bad IPO and falling stock price, we might finally be seeing a bottom at the end of the year. Overall, UBER had a very disappointing year, not to mention license problems in London and cases of sexual assaults. As 2020 starts big investors will be looking to invest in cheaper stocks and hold for the year. After a big sell this year, UBER looks attractive as a cheap investment. Of course there is a chance that the stock could become even cheaper before investors jump in, but there are always stocks in the beginning of the year that start rallying. Current price target of big banks and hedge funds ranges between $26 and $64, giving the median of $44. So stock expected to jump almost 50% from its current price. Average revenue expected to grow from $14.16 billion in 2019 to $18.51 billion in 2020. EPS still expected on the negative side but significantly less. Current estimate is -2.34 for 2020. This year the estimate is -6.59. On the technical side, currently trying to break through the trend line and 200SMA. A break to the upside can be traded but small risk as we are still not forming new highs, which means sellers are stronger for now. The break of level $30 is a better confirmation for a long trade. We have evidence for a long position if we get confirmation. Of course, a lot depends on the fundamentals but technicals show promise. Good Luck!
NYSE:UBER
by Antonio_trader
Don't Laugh! This Ain't Reality T.V.! - UBER So far nothing has gone right for UBER since their IPO launch date. Stock is still trading at - 40% from it's all time high on July 1rst at $47 per share. UBER has been in our downtrend channel since July and still hasn't shown any sign of breaking out of it. We're also still negative on the MACD. We took a quick in and out scalp from $28-$30 at the end of November as we hit the top of our trendline again for a nice 15% gain and then sold off. While Uber announced their Q3 2019 earnings after market close on 11/4 with smaller losses and higher revenue than expected, investors still sold off after the IPO Lockup Expiration period on 11/6. Still short at the moment. Not looking for any long positions until we break out of the downtrend channel with some volume. 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.
NYSE:UBERShort
by MannyLo
1
UBER - For a LaughSomeone asked me to chart UBER. So with these two lines we can see what a dumpster-fire this thing really is. There may be an entry point sometime January 2020. This chart makes me laugh. I will try to update around January. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL
NYSE:UBER
by MoneyPatterns
2
UBER Potential Bull FlagTICKER: UBER Looking like a daily bull flag incoming this week of 12/2. Bulls need to prove it by breaking 30.13. Hourly trend has changed to the bulls, but we're still in a weekly downtrend. Has the bottom been found for the year? Confirm this bull flag and I will be confident in saying YES. I plan on making a quick flip on the break of resistance. As far as my other account goes, I will look to enter a HL on the weekly if this bull flag confirms and we get a pull back in the future.
NYSE:UBER
by DerekTradeEZ
Has UBER finally started to grow ?Hello, Traders! Monfex is at your service and today we overview UBER. Uber said that they will achieve profitability of EBITDA in 2021. After this we see fallin of its shares -9.8%. But it looks like speculative statement because of great demand near $26 . Bearish divergence by RSI has already played out. Now Uber has a triple bullish divergence, and the price is near the support line of this falling wedge. It's going to the resistance zone. Target ~ $31.5 Market Cap $46.074B Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
NYSE:UBERLong
by Monfex
1
UBER earnings/lockup tradePosition entry UBER Nov15 31.5/30 vertical put before earnings (Nov4) and lockup expiration (Nov6). UBER has now found buying support around the $27 range as it has moved around half a percent throughout the trading day following the lockup. The support may signal an end to the selling pressure of the lockup expiration with the increased float (80%) of shares on the market. For such reason, I closed my position. As the selling pressure has decreased, UBER may rise in the next few weeks as retail and institutional traders enter long positions at these lower prices near the support.
NYSE:UBER
by Zacmando