Uber Shares Rise 3.62% to $100.10 Amid Technical Breakout Signals

Uber Technologies (UBER) shares rose 3.62% to close at $100.10 on October 6, 2025, recording a daily trading range of $96.89–$101.295. This advance follows several sessions of consolidation near the $96–$98 zone. The technical picture reveals several key dynamics:
Candlestick Theory
The October 6th candle exhibits a long upper shadow ($101.295 high vs. $100.10 close), indicating resistance near the psychological $101 level. A double-bottom pattern formed between late September lows ($92.95 and $94.70) and current prices, establishing $93–$95 as major support. Resistance is now firm near $101.30, with a breach potentially accelerating gains.
Moving Average Theory
The 50-day MA (approximately $94.80) maintains an upward slope above the 100-day MA (~$91.50) and 200-day MA (~$84.60), confirming a sustained uptrend. The price trades comfortably above all key moving averages, with the 50/100/200-day configuration showing bullish alignment. Any pullback should find initial support at the rising 50-day MA.
MACD & KDJ Indicators
MACD has signaled a bullish crossover above its signal line, reinforcing positive momentum. However, KDJ readings are overbought (%K and %D >85), signaling stretched conditions. While MACD supports continuation potential, KDJ divergence suggests heightened vulnerability to near-term consolidation or profit-taking.
Bollinger Bands
Bollinger Bands have expanded significantly after September’s contraction, reflecting heightened volatility. Price is probing the upper band ($101.30), which coincides with candlestick resistance. Such a test amid band expansion often precedes either breakout continuation or mean-reversion pullbacks.
Volume-Price Relationship
The breakout was validated by October 6th’s volume spike (22.4M shares vs. 10.5M prior session). Accumulation patterns are evident in September’s rallies (e.g., September 19th: 38.7M shares on +4.02% gain), while distribution was absent during minor pullbacks. This volume structure supports the uptrend’s integrity.
Relative Strength Index (RSI)
The 14-day RSI (approximately 72) has entered overbought territory (>70), warning of exhaustion. While RSI can remain elevated in strong trends, this reading aligns with KDJ overbought signals and upper Bollinger Band proximity, increasing corrective probability. Traders should monitor for bearish reversal confirmation.
Fibonacci Retracement
Using the April 7, 2025 low ($60.63) and October 6, 2025 high ($101.30), key retracement levels are: 61.8% ($76.15), 50% ($80.96), and 23.6% ($91.68). The 23.6% level aligns with the September consolidation base ($92.95–$97), making $91.50–$92 a critical support confluence zone. A retracement to this area would offer favorable risk/reward entry points.
Confluence exists between Fibonacci support ($91.50–$92), the 50-day MA ($94.80), and volume-backed demand zones. Divergence appears between momentum oscillators (KDJ/RSI warning of overextension) and trend-following indicators (MACD/MAs supporting continuation). The elevated RSI and Bollinger Band extension reinforce near-term caution despite the structural uptrend. A close above $101.30 could invalidate overbought concerns, while a breakdown below $96 would signal a deeper Fibonacci retracement.