Uber tries to recoup losses - Analysis - 24-05-2022

Uber's stock rose in the intraday levels, amid positive signals from the RSI, marking a profit of 1.84% in the last session, or 43 cents, and settling at 23.78, with trading volumes surpassing 35.2 million shares, below 10-day averages of 41.7 million shares, as the stock tries to recover some losses, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of 21.67.

Expected trend for today: Bearish