UBER Faces Resistance as EMAs Turn Bearish
BearishUber 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.