Uber suffers from negative pressures - Analysis - 05-05-2022

Uber's stock declined 4.65% in the last session amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, settling thereafter at 28.01, with trading volumes surpassing 115.6 million shares. 

The company reported net losses of $3.04 per share, while analysts expected a loss of $0.28 per share. 

Therefore we expect more losses for the stock, targeting the pivotal support of 21.67, provided the support of 28.39 was reliably breached. 

Expected trend for today: Bearish