Uber, week 34 of the sell signal: buyers are back
Uber flat (+0.1%): buyers retake control at the double bottom
Uber, week 34 of the sell signal: buyers are back
Our view last week
Uber is in week 33 of a sell signal, now running for 32 weeks. The week just closed down 2.3%, with sell volume at 55%, but the MACD histogram keeps climbing for a fourth straight week and cash flow (CMF) keeps improving while still negative. The trade sits at +11.3% since entry.
This week's summary
After a week that belonged to the sellers, buyers have taken back control on Uber stock — 62% of the trading volume — with price essentially flat, up just 0.1%, sitting right above the double bottom in the 68 area where the rebound had already run 11%. The MACD histogram keeps climbing and cash flow keeps improving, even though it's still negative — early signs of fatigue in a decline now in its 33rd week. Uber technical analysis: the trade is still in the money, up more than 11% since entry.
IQS Phase
49
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#128 / 137
US stocks
Trade P&L %
+11.12%
from signal to today
restricted Platinum content