Uber Stock Holds Its Daily Uptrend as Hourly Momentum Turns Bearish

NewsTue, 18 Aug 2026 08:48:30 UTC3 hours ago
Uber Stock Holds Its Daily Uptrend as Hourly Momentum Turns Bearish

Uber stock enters Tuesday’s session at a genuine crossroads. The daily structure still leans constructive, yet shares just suffered one of their sharpest single-day reversals in weeks. After opening at 77.09, price closed near the low at 74.99 as sellers stepped in aggressively.

UBER — daily chart with candlesticks, EMA20/EMA50 and volume.

Key takeaways

  • Uber stock closed Monday at 74.99 after a wide-range reversal from a 77.52 high.
  • The daily trend remains constructive: price holds above the 20-day EMA at 73.54 and the 50-day EMA at 72.93.
  • Shares still sit below the 200-day EMA at 76.99, the key overhead barrier.
  • Hourly momentum has turned negative, with RSI14 at 41.94 and a MACD histogram of -0.11.
  • The daily pivot at 75.72 and S1 at 73.92 are the decisive levels for the next move.

Daily Bias for Uber Stock: Constructive Structure Meets a Sharp Pullback

Uber stock remains structurally constructive on the daily chart, but Monday’s reversal shows sellers defending overhead resistance.

Trend Structure Still Holds Above Key EMAs

Price still trades above the 20-day EMA at 73.54 and the 50-day EMA at 72.93. That keeps the short-to-medium-term trend technically intact. However, shares remain below the 200-day EMA at 76.99. This level has capped upside attempts and now acts as the key overhead barrier.

… Continue reading the full article at the original source below.

Read from Source · en.cryptonomist.ch ↗
This content is automatically aggregated. Full credit goes to the original publisher (en.cryptonomist.ch).

Related