UBER TECHNOLOGIES INC (UBER) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:UBER - US90353T1007 - Common Stock
Taking everything into account, UBER scores 2 out of 10 in our technical rating. UBER has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- UBER has an average volume of 18915000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, UBER turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
- UBER is an average performer in the Ground Transportation industry, it outperforms 58% of 42 stocks in the same industry.
- UBER is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UBER is lagging the market.
- In the last month UBER has a been trading in the 79.58 - 88.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
UBER has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
78.35
When analyzing the support we can see 2 important areas.
- Support @81.30 from a trend line in the weekly time frame.
- A support zone ranging from 79.14 to 79.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 85.12 to 87.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @92.46 from a horizontal line in the daily time frame.
- Resistance @97.48 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for UBER is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UBER is neutral. |
| ChartMill Relative Strength | 60.42 | NEUTRAL | UBER is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UBER is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UBER is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of UBER is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.99 | NEUTRAL | The RSI value for UBER is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests UBER has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.26 | NEUTRAL | The Stochastics value for UBER is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for UBER suggests some volalility. |
| Average Directional Index/ADX (14) | 14.81 | NEGATIVE | The low ADX value for UBER suggests a weak or negative trend. |
84.26
+0.54 (+0.65%)
UBER TECHNOLOGIES INC / UBER FAQ
Can you provide the ChartMill technical rating for UBER TECHNOLOGIES INC?
ChartMill assigns a technical rating of 2 / 10 to UBER.
Can you provide the trend direction for UBER TECHNOLOGIES INC?
The current trend direction for UBER TECHNOLOGIES INC (UBER) is Bearish.
Can you provide the RSI signal for UBER TECHNOLOGIES INC?
UBER TECHNOLOGIES INC (UBER) has an RSI value of 48.987. This indicates that the stock is currently neutral.
What are the support and resistance levels for UBER TECHNOLOGIES INC (UBER) stock?
UBER TECHNOLOGIES INC (UBER) has a support level at 81.3 and a resistance level at 85.12. Check the full technical report for our detailed analysis of UBER support and resistance levels.