UBER TECHNOLOGIES INC (UBER) Stock Technical Analysis
NYSE:UBER - New York Stock Exchange, Inc. - US90353T1007 - Common Stock - Currency: USD
Overall UBER gets a technical rating of 7 out of 10. In the last year, UBER was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month UBER has a been trading in the 81.86 - 93.60 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
UBER is part of the Ground Transportation industry. There are 39 other stocks in this industry. UBER outperforms 89% of them.
UBER is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so UBER is lagging the market slightly.
UBER has an average volume of 22853100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, UBER did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Besides having an excellent technical rating, UBER also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
58.40
93.38
5 important support areas can be observed.
- A support zone ranging from 83.93 to 85.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.78 to 82.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 67.68 to 68.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @64.84 from a horizontal line in the daily time frame.
- Support @58.99 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 85.21 to 86.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 91.79 to 92.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for UBER is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UBER is neutral. |
| ChartMill Relative Strength | 82.77 | POSITIVE | UBER has a high relative strength, it outperformed 82.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UBER is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UBER is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UBER is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.38 | NEUTRAL | The RSI value for UBER is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests UBER has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.78 | NEUTRAL | The Stochastics value for UBER is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for UBER suggests some volalility. |
| Average Directional Index/ADX (14) | 15.49 | NEGATIVE | The low ADX value for UBER suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 86.47 | 83.92 | 2.55 (2.95%) | 25.00% |
| An entry @86.47. This is a Buy Stop order right above the resistance zone. | An exit @83.92. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.55 points, which is 2.95%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.74%. |
- The distance between exit and entry is rather small compared to the average daily movement of UBER. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
85.12
+1.19 (+1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg1.42%
1 Week-2.3%
2 Weeks1.77%
1 Month-7.27%
3 Month12.24%
6 Month40.16%
12 Month21.24%
2 Year97.17%
3 Year316.03%
5 Year173.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.36
ATR(20)%2.76%
ATR Inc-6.53%
Range Today1.31
ADR(20)2.17
ADR(20)%2.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.77
Mansfield1.01
10 Day High88.38
10 Day Low81.86
20 Day High93.6
20 Day Low81.86
52 Week High93.6
52 Week Low54.84
CS1 End85.1
CR1 Start85.21
Volume & EV
DER(3)1.01%
DER(5)-0.26%
Volume12.25M
Volume Incr-28.03%
Vol(5)17.78M
Vol(50)22.85M