Uber Technologies Stock Technical Analysis

UBER
 Stock
  

USD 28.07  1.66  5.58%   

As of the 7th of October, Uber Technologies has the Coefficient Of Variation of 701.35, risk adjusted performance of 0.1832, and Semi Deviation of 2.57. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Uber Technologies, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Uber Technologies, which can be compared to its competition. Please validate Uber Technologies downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to decide if Uber Technologies is priced more or less accurately, providing market reflects its prevalent price of 28.07 per share. Given that Uber Technologies has jensen alpha of 0.6309, we advise you to double-check Uber Technologies's current market performance to make sure the company can sustain itself at a future point.
  

Uber Technologies Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Uber Technologies, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Uber Technologies
Uber Technologies' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Uber Technologies Analyst Consensus

Target PriceAdvice# of Analysts
70.26Buy27Odds
Uber Technologies current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Uber Technologies analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Uber Technologies stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Uber Technologies, talking to its executives and customers, or listening to Uber Technologies conference calls.
Uber Technologies Analyst Advice Details
Uber Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Uber Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Uber Technologies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Uber Technologies Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Uber Technologies volatility developed by Welles Wilder.
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Uber Technologies Trend Analysis

Use this graph to draw trend lines for Uber Technologies. You can use it to identify possible trend reversals for Uber Technologies as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Uber Technologies price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Uber Technologies Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Uber Technologies applied against its price change over selected period. The best fit line has a slop of   0.09  , which means Uber Technologies will continue generating value for investors. It has 122 observation points and a regression sum of squares at 277.88, which is the sum of squared deviations for the predicted Uber Technologies price change compared to its average price change.

About Uber Technologies Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Uber Technologies on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Uber Technologies based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Uber Technologies price pattern first instead of the macroeconomic environment surrounding Uber Technologies. By analyzing Uber Technologies's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Uber Technologies's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Uber Technologies specific price patterns or momentum indicators. Please read more on our technical analysis page.

Uber Technologies October 7, 2022 Technical Indicators

Most technical analysis of Uber Technologies help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Uber Technologies from various momentum indicators to cycle indicators. When you analyze Uber Technologies charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Uber Technologies October 7, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Uber Technologies stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Also, please take a look at World Market Map. Note that the Uber Technologies information on this page should be used as a complementary analysis to other Uber Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Uber Technologies Stock analysis

When running Uber Technologies price analysis, check to measure Uber Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Uber Technologies is operating at the current time. Most of Uber Technologies' value examination focuses on studying past and present price action to predict the probability of Uber Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Uber Technologies' price. Additionally, you may evaluate how the addition of Uber Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Uber Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Uber Technologies. If investors know Uber Technologies will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Uber Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Uber Technologies is measured differently than its book value, which is the value of Uber Technologies that is recorded on the company's balance sheet. Investors also form their own opinion of Uber Technologies' value that differs from its market value or its book value, called intrinsic value, which is Uber Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Uber Technologies' market value can be influenced by many factors that don't directly affect Uber Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Uber Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Uber Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Uber Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.