UBER Faces Resistance as EMAs Turn Bearish

Uber Technologies Inc (UBER) closed up 0.14% at $81.26 on December 27.

Technical indicators paint a bearish picture:

• Moving Averages: Price sits below both the 9-day ($81.65) and 21-day ($84.24) EMAs, suggesting short-term weakness.
• Momentum: RSI at 36.9 is in neutral territory but trending higher. MACD is bearish (-2.62 vs signal -2.50).
• Volatility: Bollinger Band width at 20.5% indicates normal volatility.

Key levels to watch: Support at $76.13, Resistance at $93.53.