Down 5% over one month, the stock is trading above its 20- and 50-day moving averages, a configuration that reflects an underlying bullish bias, despite a recent slowdown in hmomentum. The RSI is in neutral territory, confirming the current balance between buying and selling forces.
The medium- and long-term trends remain aligned to the upside, reinforcing the likelihood of a recovery if buyers maintain the initiative. Key support is at $82.53, which will need to hold for this scenario to play out. Resistance at $97.48 is the immediate technical target in the event of a rebound. Preferred scenario: continued upward movement towards $97.48 as long as prices remain above the 50-day moving average. This scenario would be invalidated by a clear break below the support level at $82.53, paving the way for a more significant decline.
Uber Technologies, Inc. - UBER
12 August 2024 - 11 August 2025 - Last: 90.58
