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Uber Tests New Uber Tasks Service To Diversify EarningsUber Technologies Inc . (NYSE:UBER) is piloting a new service called Uber Tasks in select markets, aiming to expand beyond its core ride-sharing and food delivery services into the gig economy. The initiative, first reported today, is designed to offer more earning opportunities for Uber's six million drivers and couriers. The pilot program for Uber Tasks will launch in Fort Myers, Florida, and Edmonton, Alberta, Canada. This move follows the company's introduction of new safety measures earlier this week, including an expanded rider verification program and the "Record My Ride" feature that allows drivers to record trips using an iPhone's front-facing camera. Uber Tasks will enable app users to hire gig workers for household tasks such as furniture assembly, lawn mowing, snow removal, packing/unpacking, holiday decorating, and yard cleanup. Drivers and couriers can see earnings estimates before signing up for tasks. This strategic expansion could position Uber as a formidable competitor in the gig economy landscape, currently dominated by platforms like TaskRabbit, Thumbtack, Handy, and Angi. TaskRabbit, acquired by IKEA in 2017 after raising $38 million, could face significant competition from Uber if Uber Tasks expands globally. However, challenges such as competition from newer players like Revel and safety concerns highlighted by a consolidated lawsuit involving 3,800 riders alleging sexual assault by drivers may impact the service's success. Despite these potential hurdles and posting over $9 billion in revenue last quarter—the smallest growth in two years—Uber is seeking new growth avenues as the ride-sharing and food delivery markets become increasingly saturated. The company's recent ventures include a "Return a Package" service launched last month and plans to start accepting FSA payments from 2024. These initiatives are part of Uber's broader strategy to diversify its offerings and revenue streams amidst heated competition from other delivery apps like DoorDash (NASDAQ:DASH) and Instacart (NASDAQ:CART). Technical Analysist Price Momentum UBER is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NYSE:UBERLong
by DEXWireNews
Uber Stock: Relative Strength Hits New HighWith its earnings report out of the way, Uber stock is breaking out from a double bottom base pattern with a 49.19 buy point. On the stock market today, Uber shares are up 3.8% to 49.90 in recent action. Uber released earnings results Tuesday morning. Third-quarter earnings and fourth-quarter bookings guidance topped estimates. Revenue was short of expectations, however, which the company pinned on accounting changes. The stock traded lower premarket but has since recovered to post significant gains. Overall, Uber shares have gained more than 90% this year. Uber Stock: Q3 Earnings Beat, Revenue Light Early Tuesday, Uber reported third-quarter earnings of 10 cents per share on sales of $9.29 billion for the third quarter ending Sept. 30. Analysts expected Uber to post earnings of 7 cents per share on sales of $9.54 billion, according to FactSet. Some other estimates had called for earnings of 12 cents per share. In the same quarter last year, Uber lost 61 cents per share on $8.34 billion in revenue. Total third-quarter bookings climbed 21% year over year to $35.3 billion, compared to expectations of $34.6 billion. Bookings for the Rides business climbed 31% year over year to $17.9 billion. Bookings for the Eats, or delivery, business climbed 18% to $16.1 billion. Uber routed 2.4 billion trips during the quarter, up 25% from the same period last year. The 10% revenue gain marked a sixth straight quarter of decelerating sales growth. However, the company noted that some accounting changes contributed to the lower than expected sales number. Uber Chief Financial Officer Nelson Chai said in prepared remarks that the changes reduced revenue by $521 million for the quarter. Second Straight Operating Profit, Strong Outlook Uber reported a third-quarter operating income of $394 million, compared to a loss of $495 million last year. The second quarter was Uber's first ever with a profit from its ride-hailing and delivery operations. Net income for the third quarter was $221 million, recognizing a $96 million headwind that is primarily from unrealized losses on Uber's equity investments. For the current fourth quarter, Uber projects gross bookings between $36.5 billion and $37.5 billion. Analysts were estimating $36.52 billion. Analysts largely saw positives from the report. Uber Stock: Relative Strength Hits New High Uber stock's Relative Strength Rating score is at 96 out of a best-possible 99, indicating it is significantly outperforming the market. Technical Analysis Price Momentum UBER is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NYSE:UBERLong
by DEXWireNews
Buying Uber on dips.Uber Technologies - 30d expiry - We look to Buy at 45.45 (stop at 42.95) Daily signals are bullish. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look to buy dips. The 50 day moving average should provide support at 45.20. Dip buying offers good risk/reward. Our profit targets will be 51.45 and 52.45 Resistance: 49.49 / 50.00 / 52.00 Support: 47.28 / 45.25 / 42.95 Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NYSE:UBERLong
by Vantage
UBER Bullish Pennants for ContinuationUBER on the 15-minute chart this week has printed a small bullish pennant pattern then continued into another larger print of the same pattern. The Price Volume Trend Oscillator went red to green as the initiation of this trend over the past two days. Trading volumes have pushed prices and are in the range of double the moving average. The zero-lag MACD indicator shows a pattern of bullish momentum in the mornings followed by fades at lunch and afternoons. I believe that this 5-6% trend up has another 1-2 days to go before a profit-taking session to close out the trading week.
NYSE:UBERLong
by AwesomeAvani
UBER 10 FEB 32/17 FEB 30 DIAGONAL CALLBULL PULLBACK SETUP Detailed definition of setup and what market conditions are desirable: I've had UBER on my watchlist since about the end of December. And since about August of 22', it's kind of been trading between 31.57 and 26.06. So I was curious to see if it would make it's way back into that sideways channel and so we're here now. And even though overall market sentiment is bearish, UBER has had good momentum to the upside since the end of December. Detailed Definition of the trigger (entry point) used to enter position: On January 18th, UBER made a new swing high so I was anticipating a pull back to come. The 19th it retraced back to a support/resistance area of 28.36. I placed an alert to notify me once it traded above the 18th's high which I set at 29.29. It triggered this morning. Detailed Definition used to determine Stops (abandon or adjust) No stops. I'm set up for max loss risking less than 2% of my portfolio. TRADE SETUP Uptrend: Stock made a new swing high on the 18th. It's also trading above a rising 50-day SMA. The pullback brought this back to prior support/resistance level of 28.36. On the pullback, there was lower or equal volume on pullback and I'll be using yesterdays candle as my reversal candle at area of support of 28.36. How strike prices and expiration dates are selected Let's take a look at the hour chart. I drew a trend line from the low of the 27th, and the low of October 11th 2022. I was debating on which strike prices I wanted because there wa an option of a strike price of 31.50. But I decided to go with the 32 strike because I anticipate that it will want to blow through the 31.57 zone I have, and do something similar to what happened between September 9th 2022 and September 21st 2022. uber announces earnings February 8th so I went with the Feb. 10th expiration with the anticipation that this will run up higher going into earnings. So I plan on closing this out no matter what before the 8th. Position management strategies when the stock goes lower If this goes lower, I'll just let expire worthless and move on to the next trade. I'm set up for max loss Position management strategies when the stock goes sideways If this goes sideway I'd be ok with that. It would have to trade between 30.05 and 28.36 but then I'd want to see this run up before earnings. If it just stays in this range for the next three weeks, I'll let it expire worthless and move on. Position management strategies when the stock goes higher Ok, so if this thing blows through 31.57 before February 7th, I'm going to hang on to this to see if this drifts back down to the apex of the trade. But if it decides to hang out above 32 by Feb 7th, then I'll close out the entire combo because I don't want to keep this going into earnings. Position management strategy at expiration I'm not going to hold this until expiration. it needs to be close out on, or before February 7th.
NYSE:UBERLong
by MMOTA_
UBER: Turnaround or bear market rally?Uber Technologies Short Term - We look to Buy at 25.07 (stop at 21.38) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. They reported better than expected earnings which is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. We look to buy dips. Further upside is expected. Our profit targets will be 33.86 and 36.00 Resistance: 34.00 / 45.00 / 60.00 Support: 24.00 / 20.00 / 13.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:UBERLong
by Vantage
The "UBER Files" The Uber Files, first leaked to The Guardian, consists of over 124,000 internal documents that show how UBER attempted to secretly gain support from politicians in Europe, including French president Emmanuel Macron when he was serving as the country’s economy minister, chancellor George Osborne and other ministers, for its aggressive global expansion. The documents date between 2013 and 2017. Despite the efforts, UBER is not a profitable company, yet its market cap is 43.868Bil. If you haven`t shorted UBER here: On this falling wedge bearish chart pattern i expect to see it go lower, to $13.80, before a technical rebound. Looking forward to read your opinion about it.
NYSE:UBERShort
by TopgOptions
Uber Technologies: downtrend on the wayAlthough it's true investors are buying around these levels, the price keeps falling around the downtrend channel. Good buying opportunities are found on the lower part of the channel. It's a good opportunity for a buy-and-hold strategy, but the incoming FED intervention on interest rates hikes could pose a tremendous risk on the short term in all stocks, so care with volume. In terms of fundamentals, Uber has improved a lot and reduced losses considerably, financial and operational results were positive this last Q, way better than those of 2020. The best strategy is to buy the dip. So analyze the financial results of 2021, compare it to 2019 and 2020 and place your bets! I'm pretty sure this one is gonna perform really well in the coming years, but it's all about timing. If indices fall, we will find a great opportunity on this one!
NYSE:UBER
by alvaromroo
1
Uber projection (amateur)Well , firstly i believe Uber is highly undervalued and believe it has high potential upside post q4 eanings and after CFO stated Uber is looking at $5 billion in. profits by 2024 . furthermore , Uber settled a lawsuit over some google secrets which were being traded in regards to self driving car , this is me putting my 2 cents and ignoring tehcnical analysis but i remember uber raised the cost of delivery and rides because they were offering at a loss because they couldn't afford to pay all their drivers , what would make most sense is a fleet of driverless rideshare and delivery and i wouldnt doubt the lengths uber would go to get its hands on some intel on autonomous vehicle engineering as this would push ubers potential and opportunities for expansion limitless and be able to retin up to 40A% more profits back to brains , uber and lyft both show high booking reports going into 2022 displaying a high demand for mobility and as pandemic fears and mask mandates are being pushed aside , travel and need for mobility and travel will rise offering higher profitability for both rideshare companies this coming year but more towards uber as it offers food delivery .
NYSE:UBERLong
by prodigaltrades
UBER Channel TradeUber is at the bottom of a channel its been in for a year and a half. Could be a beautiful trade to the top of the channel. This is a relatively long swing compared to my usual taste so we'll see what happens. Don't make any trade at all until you have done your own analysis. I am a stranger on the internet and it probably isn't smart to copy random people on the internet. With that being said, If you agree with the idea give me a little like, and maybe a follow. I usually only trade forex and futures, but am going to start getting back into stocks mainly because this correction made everything much cheaper. Most of my stock plays will be swings as opposed to day trades or long term trading. So anyway, I hope everybody has a happy last friday of the month. Hopefully, February is much brighter, but for now, Have a great weekend and be safe.
NYSE:UBERLong
by Wickalodeon-GhostProductions
6
$UBER broadening formation$UBER nice broadening formation here. stock moves very sluggish even with the decent volume, so watch your entry. bullish momentum in higher time frame looks strong and plenty of room to go up. day trading scalp: Buy above 40.30 sell at 41.50-42.30 Buy below 39.03 sell at 38.10 - 37.07 always take profits as you see one. always follow your plan and risk management. Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
NYSE:UBERLong
by CHRIS_B58
1
UBER Volume AnalysisSee arrows to indicates direction of the volume. Seems like this is a unfinished auctioned conclusion happening meaning the jump was too quick by an institution. They want to absorb all the supply every trading hours to complete their full position maybe ? Green light with a (1.000) ratio are fibs projection forming potential support if we break the strongest one for now. Waiting to see here if UBER will start to show some strength before entering anything. Any high RR play can be valid here. I will be personally take a sub 15 delta play on this one for options.
NYSE:UBERLong
by phongthienphihong