Uber soars - Analysis - 20-11-2023

Uber Technologies' stock (UBER) rose in the intraday levels, amid positive pressure from the 50-day SMA, coupled with the dominance of the main upward trend in the medium term, while trading along the secondary short-term trend line, with negative signals from the RSI after reaching overbought levels, hindering some of the gains.

Therefore we expect more gains for the stock, targeting the first resistance at 55.40. 

Expected trend for today: Bullish