Is uber bearish or bullish

**Uber Technologies (UBER) currently exhibits bearish signals.** Here's the analysis to support this conclusion: 1. **Technical Indicators**: - The MACD is at -1.89, which is negative and suggests bearish momentum. - The RSI is at 22.49, indicating that the stock may be oversold but also suggests a lack of buying momentum. - The KDJ is at 6.76, which is very low and typically indicates an oversold condition but also a lack of positive momentum. |Ticker|Name|MACD|KDJ|RSI|Date|code|market_code| |---|---|---|---|---|---|---|---| |UBER.N|Uber Technologies||6.7601|22.4853|20240801|UBER|169| |UBER.N|Uber Technologies|-1.8927|||20240802|UBER|169| 2. **Support and Resistance Levels**: The current support level is at $60.38, and the resistance level is at $62.01. The stock is trading close to the support level, which could indicate a lack of buying interest and a potential for further downside. |Ticker|Name|Support Level (Narrow)|Resistance Level (Narrow)|Date|code|market_code| |---|---|---|---|---|---|---| |UBER.N|Uber Technologies|60.3797|62.0135|20240801|UBER|169| 3. **Fund Flow**: There was a net fund outflow of $28.65 million on the day prior to the closing price. This indicates that more funds were leaving the stock than entering, which is typically a bearish sign. |Ticker|Name|Net Fund Flow|Net Fund Flow (Extra-large Order)|Net Fund Flow (Block Order)|Date|code|market_code| |---|---|---|---|---|---|---|---| |UBER.N|Uber Technologies|-2.8647875E7||-2.0201479E7|20240801|UBER|169| |UBER.N|Uber Technologies||||20240802|UBER|169| 4. **Market Sentiment**: - The sentiment among investors is neutral, with no significant increase or decrease in the number of portfolios holding UBER. - The average holding size of UBER in investor portfolios has remained relatively stable. - The stock's performance has improved in recent times, with a one-year total shareholder return (TSR) of 33%. |Ticker|Name|Return on Investment|Date|code|market_code| |---|---|---|---|---|---| |UBER.N|Uber Technologies|-37.824534|20220630|UBER|169| |UBER.N|Uber Technologies|-43.590776|20220930|UBER|169| |UBER.N|Uber Technologies|-39.727069|20221231|UBER|169| |UBER.N|Uber Technologies|-0.855119|20230331|UBER|169| |UBER.N|Uber Technologies|1.249176|20230630|UBER|169| |UBER.N|Uber Technologies|2.365091|20230930|UBER|169| |UBER.N|Uber Technologies|9.200165|20231231|UBER|169| |UBER.N|Uber Technologies|-2.886079|20240331|UBER|169| 5. **Blogger Sentiment**: The sentiment among bloggers is overwhelmingly bullish, with 88% of opinions being positive. However, this may not necessarily reflect the current market sentiment. 6. **Historical Performance**: Uber Technologies has experienced a significant increase in its share price over the last five years, but the current month's drop of 14% raises concerns. 7. **Market Returns**: The market return over the same period is 98%, indicating that Uber's performance has lagged behind the broader market. In conclusion, while there is a strong bullish sentiment among bloggers, the technical indicators and recent fund flow data suggest a bearish outlook for Uber Technologies. The stock is trading near its support level, and the lack of positive momentum indicated by the technical indicators could lead to further declines.