Uber surges - Analysis - 03-08-2022
2022-08-03 11:57:26 GMT
(Economies.com)
Uber's stock rallied after reporting a loss in the second quarter, however earnings rose by double the forecasts, with positive net cash flow for the first time, sending the stock 18.90% higher, or 4.65 points, and settling at 29.25, with trading volumes surpassing 108 million shares, above 10-day averages of 34 million shares.
The stock was boosted after leaning on the support of the 50-day SMA, lending it positive momentum that helped it pierce the short-term downward trend line, with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the first resistance at 34.30, provided it holds above 26.70.
Expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0265
|
0.0067
|
0.6597%
|
|
|
|
|
1.2139
|
0.0022
|
0.1816%
|
|
|
|
|
20.583
|
0.219
|
1.075%
|
|
|
|
|
92.262
|
3.784
|
4.277%
|
|
|
|
|
97.88
|
-1.74
|
1.75%
|
|
|
|
|
1796.970
|
15.295
|
0.859%
|
|
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