UBER Stock Analysis: Navigating Short-Term Corrections and Long-Term Trends in November.



UBER Stock Analysis and Future Outlook

I. Introduction

This report provides a comprehensive analysis of Uber Technologies, Inc. (UBER) based on recent market performance and technical indicators. The analysis aims to offer insights into UBER's current trends and potential future movements.

II. Market Overview

UBER entered the Bullish zone three days ago, indicating a positive uptrend in its daily stock prices. However, on November 6th, UBER faced resistance within the Bullish zone, leading to weakened buying momentum and hinting at a possible correction phase.

III. Short-Term Analysis (2-3 Days)

The current market trend suggests that UBER might experience a short-term correction over the next 2-3 days. During this period, intra-day downtrends could temporarily expand, potentially causing a decline in stock prices.

IV. Mid-Term Analysis (Next Week)

In the upcoming week, the correction phase is expected to continue. Buying strength is anticipated to weaken further, while selling pressure may intensify, leading to an extended correction period with a notable decrease in stock prices.

V. Long-Term Outlook (Mid-November)

By mid-November, UBER's daily trend is likely to enter the Bearish zone. In this scenario, two possibilities exist: a significant downtrend or a temporary restriction of downward movement, leading to a rebound trend.

VI. Market Correlation and Conclusion

UBER has exhibited a strong correlation of approximately 71% with the broader U.S. stock market. While slight variations might occur based on market conditions, the overall trend indicates a continuation of the described patterns.

VII. Disclaimer

This analysis is based on current market trends and historical data. It is essential to note that stock market movements are influenced by various factors and can change rapidly. Investors should conduct further research and consider professional financial advice before making any investment decisions.

For further inquiries or detailed analysis, please feel free to contact us.


Nov 06, 2023

Closed price

48.14

0.82%

 

 

Appropriate Investment Position: Bullish-Buy [Long-term strategy]

Today's stock price Buy-Sell intensity analysis

The current trend appears to be 'Entering a correction trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a weaker upward rate than the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

Today's buy intensity is

37%

 

 

Tomorrow's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like UBER stock will enter an Correction trend tomorrow

The %intensity of Risk & Return tomorrow :

15%

HIGH ~ LOW % range tomorrow :

1.7%

-0.3%

Predicted Average loss over the next 3 days:

-1.9%

The price of UBER stock moves in line with the rise and fall of the stock market index with a probability of

71%

 

, and conversely, it moves against the stock market index trend with a probability of

29%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-day forecast may also change.

UBER stock price 10 Day prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 days will follow a strong upward direction, with a ratio of 9 : 1 for the downward to upward direction, indicating a higher proportion of the downward trend. However, in terms of the expected strength of the upward and downward movements, the downward strength is moderate, while the upward strength is somewhat higher. Currently, it's about to begin a correction trend as an upward trend gradually gives way to a slowdown in rises and falling fluctuations. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be in 3 days.

The buying date is

Nov 08

to

Nov 09

A good price to buy a stock:

$ 47.44

And the appropriate selling timing is predicted to be in 6 days.

 

The selling date is

Nov 13

to

Nov 14

A good price to sell a stock:

$ 50.21

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility.

Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 1 day from now, 6 days from now

57%

Prediction of Upper~Lower price range over the next 10 days

Price:

47.68

~

49.85

% Change:

-1.0%

~

3.6%

Median price between the upper and lower prices

48.77

1.3%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 days, the average trend zone & level%

Bearish

-29%

The Current trend zone & level%

Bullish

71%

The expected average trend zone & level% for the next 10 days

Bullish

65%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

52%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-37%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 day: Entering a correction trend

15%

1.7%

-0.3%

In 2 days: Correction trend

-50%

0.4%

-3.3%

In 3 days: Entering an uptrend

-46%

0.0%

-1.2%

In 4 days: Entering an uptrend

100%

3.6%

0.0%

In 5 days: Entering an uptrend

62%

1.9%

-0.3%

In 6 days: Reversion to a correction trend

30%

1.8%

-0.2%

In 7 days: Correction trend

-40%

0.3%

-1.6%

In 8 days: Correction trend

-45%

0.2%

-2.5%

In 9 days: Correction trend

-34%

0.0%

-1.0%

In 10 days: Entering an uptrend

-8%

0.6%

-0.7%

Average closing price in case of rising:

 

2.0%

=> HIGH ~ LOW range:

2.5%

~

-0.8%

Average closing price in case of falling:

 

-1.1%

=> HIGH ~ LOW range:

1.2%

~

-2.2%

The 10-day prediction and technical analysis of UBER stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.

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