Uber's decline speeds up, retests its lows
Uber slides 9% and the Sell signal heads back to test its lows
Uber's decline speeds up, retests its lows
Our view last week
Uber's Sell signal has been under management for 34 weeks, with the short already worth 13.6% in profit. After buyers took back control last week, sellers regained command this week: the stock shed 2.8%, with 76% of the volume on the sell side and the RSI down to 44.9, the lowest of the past four weeks. Price stays boxed between the first support and first resistance: Uber's technical picture still shows a decline alive, but without fresh momentum.
This week's summary
Uber slides 9% in a single week and heads back to test its recent lows, with sellers commanding 95% of the volume and the RSI down to 36.7, the lowest reading in a month. This swing trading setup shows the decline regaining pace after weeks of stalling: the Sell signal has been under management for 35 weeks, with the short already more than 21% in profit.
IQS Phase
70
in tension
Signal Strength
75
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#22 / 141
US stocks
Trade P&L %
+21.38%
from signal to today
Rank position
ranks 22nd among the 141 sell signals for US stocks in our ranking, with a signal strength of 75 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly +1.81% · monthly +1.36%
UBER belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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