Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>UBER stock price consolidates near an all-time high price.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Uber Technologies Inc. stock accumulated buyers near the 50-day exponential moving average and surged higher.&nbsp;</a> </li> 
 <li> <span>3</span> <a>UBER’s share price is in bullish territory and headed towards the recent swing high.&nbsp;</a> </li> 
</ul> 
<p>Uber Technologies Inc. (NYSE: UBER) has retained its momentum and is rising to break above the record high of $50. Uber stock has shown stable gains over the months in the year 2023 yielding a return of 87% year-to-date.&nbsp;</p> 
<p>The daily chart demonstrates that the stock price has formed a bearish flag and the price consolidated near the recent high for the whole week. Currently, the price trades at a make-a-break level. The breakout or breakdown of the consolidation might decide the trend for Monday and next week. The price might decline near the 50-day EMA or hit an all-time high on Monday.</p> 
<p>The price action analysis of UBER stock illustrates that it has a small profit booking after the quarterly results. Moreover, the bulls accumulated near the 50-day EMA after which the stock escaped its consolidation phase and inclined higher forming a bearish flag pattern.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh5.googleusercontent.com/XMKvuqXQsWjOLHgtw6_5T5I94VOTcLGb8ksQcdkYc4-Oe9axUbBPR9ZGPW-hAza99xXUBHSRKnvk8EN6XLRoN-AYBHBaIg2Ur7P4UrhTmLBL5PG0rZ5c9uyvNWx-bY9vNISPRdJukSYP2mwY6CFqYVM" alt="UBER Stock Price Prediction: Will Uber Price Crash On Monday?">
  <figcaption class="wp-element-caption">
   Source: barchart.com
  </figcaption>
 </figure>
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/09/08/uber-stock-price-prediction-will-uber-technologies-touch-50/">UBER stock</a> option-chain analysis shows that the current implied volatility in the market is 30.97% with a decrement of 0.55% in the last trading session. The nearest resistance of $50 has an OI of 49,082 open contracts on the CALL side and 1,675 open contracts on the PUT side, indicating heavy call writing and bears dominating the resistance level. Buyers need to struggle to surpass above the $50 level.</p> 
<h2 class="wp-block-heading" id="strong-uber-stock-option-chain-data-shows-heavy-call-writing-at-50-level-strong"><strong>UBER Stock Option Chain Data Shows Heavy Call Writing At $50 Level</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh5.googleusercontent.com/s_uxHm49B-JxLDYSSOTF4bdmh2dJ0er15gyQG5I4iGbmG7GtdAYTg0IGJIkUvewVGv68z3tOr3Sg04tBZaAJsFEj4y48rJ6l2A_bVeHj0vY29uzdjist0-o1wk_yXD1kfFy3y32wU4a2sekW2ky0S18" alt="UBER Stock Price Prediction: Will Uber Price Crash On Monday?">
  <figcaption class="wp-element-caption">
   Source: Uber Technologies Inc.&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>UBER stock price has consolidated near the swing high in the last week and still trades in the bearish flag pattern. The price currently trades at a crucial level. The breakdown of the flag pattern may decline the price to the key moving average.&nbsp;</p> 
<p>Also, the consolidation might lead the price to break above an all-time high. The analysts are bullish on the price forecast and have a maximum estimate of $75 in over 1-year.</p> 
<h3 class="wp-block-heading" id="strong-uber-stock-price-surged-higher-after-rebound-from-50-ema-strong"><strong>UBER Stock Price Surged Higher After Rebound From 50-EMA</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-480-1024x478.png" alt="UBER Stock Price Prediction: Will Uber Price Crash On Monday?" class="wp-image-168589" style="width: 100%;height:547px" width="1171" height="547" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-480-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-480-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-480-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-480-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-480-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-480-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-480.png 1600w" sizes="(max-width: 1171px) 100vw, 1171px">
  <figcaption class="wp-element-caption">
   Source: Uber Technologies Inc.&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>The daily <a href="https://www.thecoinrepublic.com/2023/09/08/uber-stock-price-prediction-will-uber-technologies-touch-50/">UBER stock</a> price chart shows that the price rebounded from the key moving average of 50-day EMA, indicating bullishness in the stock. The RSI and MACD are signaling strength over the charts and the price might continue with the momentum.&nbsp;</p> 
<p>Currently, the overall technical opinion rating, including the RSI and MACD indicators is signaling a 90% “buy” with the strongest short-term outlook on maintaining the current direction.</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>Uber stock has been rising steadily in 2023 and is close to breaking its record high of $50. The stock price has formed a bearish flag pattern and is trading at a critical level. The next move will depend on whether the price breaks out or breaks down from the flag. The price could either fall to the 50-day EMA or reach a new high. The analysts are optimistic about the stock and have a target of $75 in a year.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $47.32 and $45.25</li> 
 <li><strong>Resistance levels:</strong> $49.08 and $51.64</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

UBER Stock Price Prediction: Will Uber Price Crash On Monday?

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