UBER SELL+Will be looking to start a short position on UBER as it's overbought here and gone a bit too far too fast. Bear market rallies sucker everyone in to thinking(incorrectly) the bottom is in. We are no where near a bottom!
UBER trade ideas
Next Earning...?!How much do you expect it to be at the next E event? No where above $30!
Uber has strong tendency in moving downward; despite CEO's plan "focusing on profitability", they are loosing customers, and drivers are leaving them.
NOT REALLY recommended for long term view.
UBER 30 Day LookoutDaily Candle Prediction
I think you saw the high for a minute on UBER. I think it is going to come down amd fill the gap before it catches itself on the next meaningful uptrend. I think the next uptrend is going to have some momentum going forward.
I would look at $26 / buy in for a good support level
This is not financial advice, I have never been trained to do this
Channel Breakout Example Really solid example of how channel breakouts often retest resistance AFTER resistance has already been broken. I like to think of it as testing the buyers and supply/demand zone to see if resistance can now act as support which would confirm another leg up as we see in Uber.
Good rule to follow is to not enter trades as soon as they breakout from a channel as the trend reversal is not confirmed by anything yet. we can see multiple channel breakouts where price did not continue rising once the channel was broken.
Volume confirmation (increaising volume with increasing price) is also important when identifying true breakouts, nice highs when lower than average volume is generally a sign of price disparity defined as divergence.
UBER: Turnaround or bear market rally?Uber Technologies
Short Term - We look to Buy at 25.07 (stop at 21.38)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. They reported better than expected earnings which is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. We look to buy dips. Further upside is expected.
Our profit targets will be 33.86 and 36.00
Resistance: 34.00 / 45.00 / 60.00
Support: 24.00 / 20.00 / 13.50
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Uber Long -- Expecting bull expectation for next quarter? Currently, Uber is looking bull and ready to pick direction. Most likely upwards towards $29/31/33.
Observe later this week for more movements to decide direction.
If earning /forecast not good, could go downtrend towards $21.60/70 for support.
Insiders Knew Something...(READ CAREFULLY)If you had watched Uber's chart in the past two weeks you have probably realized that it goes one day +5% the other day -5%, next day +4% and again -4% ....;
Experienced traders know that's a scary signal that indicates company is running out of money and is scrambling to survive with speculation !
This common phenomenon (+5%, -4%, +4%, -5% ...,) happens just few weeks prior to bankruptcy.
Speculation is because of no operating income...!!! Has lost more than 60% in the last year and is taking its last breaths.
UBER Potential for bullish rise | 21th July 2022On the H4, with prices moving above the ichimoku indicator and breaking out of the descending trendline, we have a bullish bias that price would rise from our buy entry at 23.59 where the pullback support is to the take profit at 26.64 in line with swing high resistance. Alternatively, prices could break entry structure and drop to stop loss at 20.16 in line with swing low support, 78.6% fibonacci projection and -27.2% fibonacci expansion.
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Uber toward hellEverything is going as planned... even the most recent scandal;
Never been this much close to bankruptcy;
Opens at around 12 dollars right after the next E report;
Short as much as you can => you are gonna become rich ;)
The "UBER Files" The Uber Files, first leaked to The Guardian, consists of over 124,000 internal documents that show how UBER attempted to secretly gain support from politicians in Europe, including French president Emmanuel Macron when he was serving as the country’s economy minister, chancellor George Osborne and other ministers, for its aggressive global expansion.
The documents date between 2013 and 2017.
Despite the efforts, UBER is not a profitable company, yet its market cap is 43.868Bil.
If you haven`t shorted UBER here:
On this falling wedge bearish chart pattern i expect to see it go lower, to $13.80, before a technical rebound.
Looking forward to read your opinion about it.
Solid setup for a bear market rally In this video I've shown how UBER is setting up for a handsome bear market rally. Downside risk VS upside reward is very attractive. Also, something I didn't mention in the video is that UBER is a quality company with improving fundamentals so should not be put in the same category as other loss making tech names.
Appreciate your constructive criticism !
$UBER ~ Where's the bottom...As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
Uber - Downgraded to WreckedUser Select isn't hooking so much these days.
Must be the propensity for Base.
Base Jumping at present seems to provide Uber
with an endless Downtrend.
Lyft.. ugh.
When both cut bonuses to Drivers, it was over.
__________________________________________
Uber Eats, death by 1000 drive-thrus.
All good, Robo Taxis are the primary focus of every
Auto Manu on the Planet.
Even Apple, which remains a software-only iCar Cult
conveyance.
___________________________________________
Giga Texas / Berlin Dumpster Fires continue to rage
unimpeded.
Even Eron admits - BK is the stark reality.
Buy the Transpo Dip?
No.
Uber to bankruptcy ...!!!The news is not still officialized but it soon will be announced.
Entering is not recommended at all. Perfect for shorting however!!!
UBERLONG-TERM: Bullish Bat, Classic Bullish Divergence, Falling Wedge, Bullish Engulfing Candle. (not financial advice)
UBER to $75 per share Hoping for price to dip to $10-$13 per share - long term upside targets of $50, $75, then $100-$120
$UBER - Could see $28Uber has been in down trend channel. In recent couple of trading session it has been unable to break above $24 and stay above it. I believe it is about to break above $24 and head towards $28.
$28 is the resistance area where upper trend channel meets the prior support level.
Target 1 - $28
Target 2 - $37
Not an investment advice.
Uber: A Robust Platform Ripe For Future AcquisitionIntroduction and Thesis
Uber (NYSE: UBER) is a large cap, ride-share company that operates in over 63 countries serving over 110 million users. The company is most commonly known for its ride-share and food delivery services. UBER’s on-demand technology platform could eventually be used for the commercialization of autonomous vehicles. Their tech system includes the ability to track a driver in real time as well as an integrated payments experience (10+ payment options). With UBER’s well-known name, extensive worldwide reach, leading technology, and growth potential the company can serve as an attractive acquisition for leading tech companies
Platform Potential
UBER has attempted to develop its own autonomous vehicle. The company, however faced various obstacles in R & D and sold its research division to Aurora (an autonomous vehicle tech company). UBER’s impressive platform could serve as an invaluable asset to the top autonomous vehicle players. Although Alphabet Inc. (NYSE: GOOG) has abandoned it’s autonomous vehicle production, it has already invested $250 million into Uber and a total of 1.1 billion in the promotion of self-driving vehicles. GOOG’s acquisition history includes approximately 232 companies. The company is a strong supporter of autonomous vehicles and an acquisition of UBER is a strong possibility.
The first generation of autonomous vehicles will undoubtedly need close monitoring and testing when first released. All trips will not be autonomous capable and a ride-share platform will be needed in order to fulfill rides that will need a driver. Uber announced they will provide up to 50,000 fully electric Tesla vehicles available for drivers to rent by 2023. Conversion of inventory to electric power combined with their 110 million user base creates an attractive buying opportunity for leading tech company Tesla Inc. (NYSE: TESLA).
JOBY Aviation (NYSE: JOBY) has already purchased UBER’s air taxi service Uber Elevate. Leading autonomous vehicle companies will need a platform in promotion of products and expansion. In the past, Uber has leveraged its platform assets (drivers and consumer users) to find new sources of value for its platform and the stakeholders who are part of it. Eventually, I believe it’s platform will be of unmatched value and leading tech companies will consider acquiring the company as a whole.
Buy Out Benefits and Risks
There are benefits to shareholders when a company is bought out. When the company is bought, it can cause an increase in the share price. The acquiring company can offer a premium price to entice the target company to sell. Once the announcement is made, there can be an increase of traders to purchase at the offered price which can increase the stock's value. You may also keep in mind the price of the stock may fluctuate based on rumors regarding the progress of the buyout or any difficulties within the deal process. This encourages volatility and higher risk. Acquiring companies also have the option to rescind their offer, shareholders may not support the deal, or securities regulators may not allow the deal. In general, during a buy out the stock price of the target company tends to spike and shareholders can benefit from this transaction.
Growth and Future Outlook
UBER faced a decline in sales during the pandemic shelter-in-place orders. Mobility was reduced resulting in plummeting sales for rideshare companies. UBER has however, made a healthy recovery and has maintained steady growth. Sales have been gradually recovering since April 2020. The company’s revenue for the quarter ending December 31, 2021 was 5.778B, a 82.56% increase YoY. Adjusted EBITDA for Q4 2021 was $74.7 million. In Q1 2022 revenue grew 136% YoY to $6.9 billion. Q1 2022 Adjusted EBITDA was $168 million, a $527 million increase YoY. Despite pandemic restraints, they have managed to grow to over 10,000 cities in roughly 72 countries by the end of 2021. The company has also expanded its business model by including delivery services (Uber Eats), and matching carriers to shippers (Uber Freight). They have also diversified their mobility business by expanding into car rentals, incorporating healthcare related travel and adding other modes of transport like taxis, tuk rentals, and motorcycles. Their platform, technology, and large consumer base provide strong future growth potential.
Valuation
The company is currently not profitable with an EPS of -0.28. Although the company is losing revenue it is still valued at over 50 billion dollars. Losses were attributed to a 5.6 billion headwind related to the company's equity investments. These included losses related to Uber's sell off to Grab, Aurora, and Didi. Despite these losses UBER has managed to almost double revenue YoY. Revenue growth was driven by their delivery service, freight service, and expansion of ride sharing services. Share price is currently considered undervalued.
Risks
The company has been facing driver shortages which can affect revenue and company efficiency. Drivers are a key part of UBER’s business model and reported high gas prices has made it difficult for drivers to maintain a living. This however, illuminates the autonomous vehicle potential in increasing growth and efficiency for ride-sharing companies.
UBER has strong competition, Lyft being one of its main competitors. Lyft does carry the potential to out-innovate UBER. However, I believe UBER’s established reputation along with extensive worldwide reach cannot compare to Lyft. UBER operates worldwide while Lyft only operates in the US and Canada. If Lyft were to outrank UBER, it may take a very long time.
Summary
Uber's diversification, operational efficiencies, and expanded business model has allowed for significant growth and increased revenue. Although currently not profitable I believe UBER has high growth potential in the coming years. Tech companies will need platforms in order to successfully integrate autonomous vehicles and rideshare company acquisitions could be a very strong possibility. For these reasons I rate UBER a buy.
Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. I am not a financial advisor and this is for educational purposes only.
UBER To Test Pandemic LowsIn this update we review the recent price action in UBER and identify the next high probability trading opportunities and price objectives to target
Candle Dropped below trendlineWe had a candle body break below a five-month trendline today. I'll be looking for a continuation tomorrow. Could see a drop-down to $19.70
$UBER Analysis, Key Levels, & Targets… $UBER Analysis, Key Levels, & Targets…
I’m not going to lie… this is NOT the most beautiful chart in the world… but I’m interested in buying UBER at these levels…
Uber has taken over an entire industry and keeps expanding into new opportunities to generate revenue… This is on my list for no matter what happens…. I feel like this is a company that will be around in 50 years… I sold 21 puts for this week...
I want to hear your ideas and, also, what stocks are you guys seeing that are at interesting levels…. I’m really starting to get bullish on a lot of things. Yes… lots of companies will and are going under, but what do you think will stay??
Best of luck and have fun, y’all…
