Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>UBER stock price (NYSE: UBER) continues the upward momentum ahead of earnings.</a> </li> 
 <li> <span>2</span> <a>Uber share price sustained above both the EMAs showcase strong uptrend.</a> </li> 
 <li> <span>3</span> <a>Uber Technologies Inc. is expected to release the quarterly earnings on August 1, 2023.</a> </li> 
</ul> 
<p>Uber stock price (NYSE: UBER) was up by 14.57% in the previous month and formed a bullish continuation pattern. UBER stock is rising upward by forming higher high swings, which shows the dominance of bulls.&nbsp;</p> 
<p>Uber stock is trading above the 50 day EMA and 200 day EMA, which indicates the prices are in a strong uptrend. However, the stock prices have rallied a lot, so, a minor retracement or short term correction may trigger anytime.&nbsp;</p> 
<p>In the beginning of May, Uber released its previous quarter earnings. It met the analyst estimates due to which stock prices reacted positively and gained momentum.&nbsp;</p> 
<p>Uber share prices breakout of the $37.00 hurdle with a strong buying volume grabbed the attention of investors. Later, prices began to rise and rallied 32% approx in the period of three months.&nbsp;</p> 
<p>Uber Technologies stock is inside the bulls grip and positive momentum is intact. Quarterly earnings are scheduled today, and due to that, volatility in the stock might rise.&nbsp;</p> 
<p>Uber <a href="https://www.thecoinrepublic.com/2023/07/28/uber-stock-price-analysis-early-estimates-for-q2-are-promising/" target="_blank" rel="noopener noreferrer nofollow">stock price</a> closed the previous sessions at $49.46% with an intraday rise of 2.74%. The market capitalization stands at $100.10 Billion.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-uber-stock-break-50-00-and-sustain-the-higher-levels-strong"><strong>Will Uber Stock Break $50.00 and Sustain the Higher Levels?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/jal6-plHHk3nXki5_pOfr9EI9kTnws104LmzTYqgxTUOZvPz0H0DRv5HuDxCFA5QLqUxRYIdz_I-f50wc9XXQ6ao7VPTga5jzNJcshBh6eTpuvWJuLfNqk62OKGCMBP1PkOYS152J3UjpKGyZKv4qg" alt="UBER Stock Price Prepares to React in Quarterly Earnings"> 
  <figcaption class="wp-element-caption">
    NYSE: UBER daily chart by <a href="https://www.tradingview.com/x/hWVo08lh/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Uber stock price (NYSE: UBER) is trading near to the 52-week high. The short term downfall is getting absorbed near to the support levels. It formed a strong base near $40.00 and downside risk seems to be limited.&nbsp;</p> 
<p>Uber Technologies Inc. is expected to release earnings before the bell. Market analysts estimate an EPS of -0.012 and revenue of $9.339 Billion.&nbsp;</p> 
<p>If the company succeeds to meet the estimates, the sharp rise might be visible in the stock. If the stock price breaks out of the $50.00 hurdle, then the next phase of the rally might trigger.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-uber-stock-is-bullish-on-multiple-time-frame-strong"><strong>UBER Stock is Bullish on Multiple Time Frame</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_1bba9"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
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  "width": 950,

  "height": 500,

  "symbol": "NYSE:UBER",

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  "timezone": "Etc/UTC",

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</div>  
<p>UBER stock is bullish on multiple time frames. It shows the confidence of buyers and how the long term outlook of the company looks promising.&nbsp;</p> 
<p>The broader market index Nasdaq composite is also mildly bullish which may positively impact the market sentiment.&nbsp;</p> 
<p>The MACD curve slopes upward and sustaining above the zero line indicates bullish momentum might continue for some more time. The RSI at 71 pointing north denotes the strength of bulls. But RSI is near to the overbought territory, so short term correction may trigger anytime.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Uber stock price (NYSE: UBER) is inside the bulls grip and trading near to the 52-week high. Quarterly earnings are scheduled today, which will decide the next direction of stock.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $52.00 and $60.00</li> 
 <li>Support levels: $41.00 and $37.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

UBER Stock Price Prepares to React in Quarterly Earnings

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