Based

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>UBER stock price is currently trading at $46.27 with a gain of 0.81% in the last 24 hours with a current market cap of $94.554 Billion.</a> </li> 
 <li> <span>2</span> <a>UBER stock price indicates bullishness and a positive outlook.</a> </li> 
 <li> <span>3</span> <a>Bulls are regaining strength and are trying to extend their gains.</a> </li> 
</ul> 
<p>The price of UBER Stock is in an uptrend beyond the significant moving averages and is indicating bullish momentum. On the daily charts, UBER stock is in bullish territory and rides the uptrend above the 50-day EMA.</p> 
<p>Based on the price action, it appears that the stock is poised for a significant upward movement, with potential growth in price in upcoming sessions. Buyers are actively working to sustain these levels, indicating their commitment to the stock’s upward trajectory.&nbsp;</p> 
<p>In the past trading sessions, buyers were dominant. They continued to make long positions and accumulated more, extending the uptrend. The stock is gradually approaching $50. Investors are displaying a strong willingness to pursue this upward movement.</p> 
<p>At press time, UBER stock price was $46.27 with an intraday gain of 0.81%, showing bullishness on the charts. Furthermore, the trading volume is 14.972 Million, and the market cap is $94.554 Billion.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-uber-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of UBER Stock Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/PFUP1CwM2QppIrNbYIoQwkD1VeNLY3_-XESqBoZCbD2Ea2ah7IFkRLUFkeCHDD-fIQYKULcskB3vmLEYIQNBo6diMcqpBpb5COQJ-UXKYrVaUFGZIvPwQNEikKWylF6x3HWf7NObCQZ7du-oG5b8F0g" alt="UBER Stock Price Prediction: Will Uber Technologies Touch $50?"> 
  <figcaption class="wp-element-caption">
    Source: UBER.1D.NYSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>Currently, UBER <a href="https://www.thecoinrepublic.com/?p=154841" rel="noopener noreferrer nofollow">stock</a> is trading above the 50 and 200-day EMAs (exponential moving averages), which are supporting the price momentum.&nbsp;</p> 
<p>However, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. Hence, the UBER price is expected to move upwards giving bullish views over the daily time frame chart.</p> 
<p>The current value of RSI is 55 points. The 14 SMA is above the median line at 52 points, indicating that the UBER stock is bullish.</p> 
<p>The MACD line at 0.3873 and signal line at 0.2193 are above the zero line. A bullish crossover is observed in the MACD which signals strength in the momentum of the Uber Technologies stock price.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>UBER (NYSE: Uber Technologies) technical oscillators also support the bullish trend. The MACD, RSI, and EMA are emphasizing positive signs and imply that the uptrend may continue in the Uber Technologies stock price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment. However, investors and traders should wait for proper setup for the next move and avoid FOMO.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $43.78 and $40.32.</li> 
</ul> 
<ul> 
 <li><strong>Resistance Levels </strong>$49.86 and $52.48.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

UBER Stock Price Prediction: Will Uber Technologies Touch $50?

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Thecoinrepublic.com

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