Uber confirms its buy signal
Uber gains 3.8% this week, confirming its fresh buy signal
Our view last week
Uber is trying to hold above the 75 area, but the push still looks unfinished: the weekly ADX sits below 11, and in the latest week sellers stayed slightly ahead. Uber stock steps into a new buy signal, ranking 18th among the 27 fresh Long setups in US stocks — but for now it's watch-only: not yet tradable, with a breakout above the 79 area still the piece missing before any entry.
This week's summary
Uber stock closed the week up 3.8%, bouncing 6% off its own 20-day moving average, in the 74 area. The buy signal, which fired a week ago, has now cleared its first confirmation week: our model's discipline points to reinforcing the position. The stock is holding up well even with its industrial sector under pressure, but a breakout above the 80 area remains the key trigger still missing. Weekly technical analysis on Uber stock.
IQS Phase
62
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#43 / 167
US stocks in progress
Trade P&L %
+3.75%
from signal to date, no stop loss
Rank position
ranks 43rd among the 167 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -3.36% · monthly +0.78%
UBER belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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