The Hourly View for UBER
Currently, UBER (Get Ratings)’s price is up $0.37 (0.62%) from the hour prior. The hourly chart shows that UBER has seen 3 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
UBER’s Technical Outlook on the Daily Chart
At the time of this writing, UBER’s price is up $0.86 (1.45%) from the day prior. The daily chart shows that UBER has seen 2 straight up days. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. Of note is that the 20 day changed directions on UBER; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Uber Technologies Inc’s price action over the past 90 days can be seen via the chart below.
For UBER News Traders
News traders keeping an eye on UBER may find value in this recent story:
Today, PayPal Holdings, Inc. (NASDAQ: PYPL), Uber Technologies, Inc. (NYSE: UBER) and Walgreens Boots Alliance, Inc. (NASDAQ: WBA) launched their new Vaccine Access Fund that allows customers to donate to vaccine access efforts to help connect people without transportation to COVID-19 vaccination sites, particularly those in underserved communities. Additionally, starting today customers can donate to the Vaccine Access Fund directly through the Uber app using a new donate feature supported by PayPal Giving Fund.
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The post Uber Technologies Inc (UBER): Price Now Near $60.33; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.
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