Uber Technologies Stock Forecast - Daily Balance Of Power

UBER
 Stock
  

USD 31.88  0.61  1.88%   

Uber Technologies Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Uber Technologies historical stock prices and determine the direction of Uber Technologies's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Uber Technologies historical fundamentals such as revenue growth or operating cash flow patterns. Although Uber Technologies naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Uber Technologies systematic risk associated with finding meaningful patterns of Uber Technologies fundamentals over time.
Also, please take a look at Historical Fundamental Analysis of Uber Technologies to cross-verify your projections.
  
Uber Technologies Receivables Turnover is relatively stable at the moment as compared to the past year. Uber Technologies reported last year Receivables Turnover of 7.71. As of 08/16/2022, Accounts Payable Turnover is likely to grow to 46.43, while PPandE Turnover is likely to drop 8.39. . As of 08/16/2022, Weighted Average Shares is likely to grow to about 2 B. Also, Weighted Average Shares Diluted is likely to grow to about 2 B.

Open Interest Agains t 2022-08-19 Uber Technologies Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Uber Technologies' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Uber Technologies' options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Uber Technologies stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Uber Technologies' open interest, investors have to compare it to Uber Technologies' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Uber Technologies is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Uber Technologies. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Uber Technologies has current Daily Balance Of Power of (0.66).
Most investors in Uber Technologies cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Uber Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Uber Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Uber Technologies market sensitivity to bulls and bears. It estimates the ability of Uber Technologies buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Uber Technologies Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
0.398(0.66)
Check Uber Technologies VolatilityBacktest Uber TechnologiesInformation Ratio  

Uber Technologies Trading Date Momentum

On August 16 2022 Uber Technologies was traded for  31.88  at the closing time. The top price for the day was 32.26  and the lowest listed price was  31.33 . The trading volume for the day was 8.9 M. The trading history from August 16, 2022 did not result in any price rise and fall. The trading price change against the current closing price is 0.63% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Uber Technologies

For every potential investor in Uber Technologies, whether a beginner or expert, Uber Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Uber Technologies Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Uber Technologies. Basic forecasting techniques help filter out the noise by identifying Uber Technologies' price trends.

Uber Technologies Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Uber Technologies stock to make a market-neutral strategy. Peer analysis of Uber Technologies could also be used in its relative valuation, which is a method of valuing Uber Technologies by comparing valuation metrics with similar companies.
SalesforceAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpKEURIG DR PEPPERGX Nasdaq-100 CoveredFranklin Mutual EuropeanGARDNER DENVER INCUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondLIFE STORAGE INCMaiden Holdings NorthVistra Energy Corp
 Risk & Return  Correlation

Uber Technologies Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Uber Technologies' price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Uber Technologies' current price.

Uber Technologies Market Strength Events

Market strength indicators help investors to evaluate how Uber Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Uber Technologies shares will generate the highest return on investment. By undertsting and applying Uber Technologies stock market strength indicators, traders can identify Uber Technologies entry and exit signals to maximize returns.

Uber Technologies Risk Indicators

The analysis of Uber Technologies' basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Uber Technologies' investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Uber Technologies stock price, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Uber Technologies without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Also, please take a look at Historical Fundamental Analysis of Uber Technologies to cross-verify your projections. 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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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.
Market Capitalization
64.3 B
Quarterly Revenue Growth YOY
1.06
Return On Assets
-0.0431
Return On Equity
-0.87
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.