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Stock Charts AI Power Rank: 9.0
Power Rank trend -> Rising
07/08/2024 11:34:00 EST
Uber Technologies Inc (UBER)
Industry: Software - Application
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, UBER has been trading in a range between $73.15 and $68.60 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
UBER is trading between resistance at $74.92 about 5% to the upside and support at $68.57 -3% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $81.39, about a 15% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Uber Technologies Inc $UBER entered a Green zone 20 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $53.99, a potential down side of -24.02% from the recent price of 71.06. The stock is trading 15.59% (potential upside) below its 52 week high of $82.14 and 77.25 % (potential downside) above its 52 week low of $40.09 - based on the recent price.
Company Summary
Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight.
News
| S&P 500 Bull Market: 2 Growth Stocks to Buy in July and Hold for the Long Term The S&P 500 is up 16.8% so far in 2024, and a series of tailwinds could be aligning to propel it higher. This month, U.S. companies will start reporting financial results for the quarter ended June 30. Source: The Motley Fool Mon, 08 Jul 2024 07:45:00 -0400 Sentiment: Positive |
| Uber: New Growth Engines Emerge, Big Buybacks Ongoing Uber shares initially performed well in the Industrials sector this year but saw a decline as the first quarter ended. Uber's Q1 results showed mixed performance, with challenges in Latin America but improvements in EBITDA margin and gross bookings. Uber's potential for increased revenue from advertising and new product offerings could drive growth in the future. Source: Seeking Alpha Mon, 08 Jul 2024 05:37:32 -0400 Sentiment: Positive |
| Uber Technologies: Delivery Is The Only Near-Time Growth Driver That Matters Last mile delivery is a key growth driver for Uber and DoorDash. But unlike DoorDash, Uber is showing strong profitable growth. Uber's Delivery business has seen rapid growth, outpacing overall Gross Bookings volume and increasing EBITDA by 173% y/y. Delivery now accounts for half of Uber's total Gross Bookings. Uber's robust growth in the Delivery segment, acquisitions, and network density position it for strong future performance, warranting a Strong Buy rating. Source: Seeking Alpha Mon, 08 Jul 2024 04:23:55 -0400 Sentiment: Positive |
| AI Stocks Keep Surging. Buy 2 That Haven't. AI touches all kinds of sectors—from banks to transportation. We looked for stocks that are benefitting from the trend but are still cheap. Source: Barrons Sun, 07 Jul 2024 03:30:00 -0400 Sentiment: Positive |
| Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention. Source: Benzinga Fri, 05 Jul 2024 11:49:49 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 82.14 52 Week Low: 40.09 Beta: 1.36 50 Day MA: 68.0978 200 Day MA: 63.7351 Earnings / Revenue Trends Qtr Earnings Growth YOY: 1.269 Qtr Revenue Growth YOY: 0.148 Forward PE: 59.1716 Trailing PE: 112.7937