Uber Technologies Inc (UBER) “On a long-term technical basis, the stock (UBER) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 32.00 and 28.90. If the stock breaks down through support at 32.00 then it will probably continue lower to 28.90. The stock has resistance at 32.59 and at 38.78. If the stock breaks up through resistance at 32.59 then it will probably continue higher to 38.78. The 200-day moving average is at 31.25. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 32.00 look for a rally to previous highs. The stock is extremely oversold according to the Stochastic Indicator (24.34), and turning up, which suggests a pause or possible rebound, especially if near support. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”