Uber Stock Jumps 3.7% as Technicals Signal Bullish Breakout Toward 97.50 Resistance

Uber Technologies (UBER) closed at $94.36, up 3.70% on September 8, 2025, after trading between $91.38 and $94.56 with notable volume of 18.9 million shares. This analysis examines key technical indicators to contextualize this movement within the broader price trend.
Candlestick Theory
Recent sessions show a bullish reversal pattern emerging after a consolidation phase. The September 8th white candle with minimal lower wick closed near its high, indicating strong buying pressure after testing the $91.38 support level. This level has held three times since late August, establishing it as a critical short-term floor, while resistance appears solid near the $96.50-$97.50 zone where multiple August peaks cluster. The absence of long upper wicks near current levels suggests limited overhead supply, potentially enabling further upside if the $94.56 high is breached.
Moving Average Theory
The 50-day MA ($89.50) maintains a bullish posture above the 100-day ($85.80) and 200-day ($81.20) averages, confirming the primary uptrend. Price reclaimed the 50-day MA decisively in late August after briefly testing it as support, reinforcing the medium-term bullish structure. The 200-day MA’s upward slope since April 2025 further validates the long-term trend. Confluence exists at the $90-$91 zone where the 50-day MA and price support align, creating a significant technical buffer against bearish reversals.
MACD & KDJ Indicators
The MACD histogram shows improving momentum, with the signal line flattening after a mid-August bearish crossover. This suggests waning downward momentum as the indicator approaches a potential bullish crossover from below zero. Meanwhile, the KDJ oscillator (%K: 68, %D: 62) is climbing toward overbought territory but hasn’t yet breached the 70 threshold, indicating room for continuation before exhaustion signals emerge. A minor positive divergence occurred in late August when price made lower lows while KDJ printed higher lows, foreshadowing the current recovery.
Bollinger Bands
Volatility expanded significantly during the August sell-off, with price touching the lower band before the current rebound. The bands are now contracting as price stabilizes in the upper half of the %b (0.65), reflecting balanced supply/demand near the 20-period midline. A decisive close above $95 would challenge the upper band near $97, potentially triggering a volatility breakout. The squeeze pattern developing since early September implies an impending directional move.
Volume-Price Relationship
The 3.7% rally on September 8 was backed by above-average volume (18.9M vs 30-day avg 17.3M), lending credibility to the breakout. Notably, volume consistently expanded during up days in early September while contracting on down days, suggesting accumulation. The highest volume spikes occurred during August reversals – at the $83 bottom (40.1M shares) and $97 resistance (29.8M) – confirming these as pivotal technical levels. Current volume patterns support the recovery’s sustainability.
Relative Strength Index (RSI)
The 14-day RSI (60) is neutral but trending upward from oversold conditions below 35 in mid-August. The current reading implies no immediate overbought pressure, aligning with the KDJ’s positioning. Notably, RSI formed a bullish divergence in late August (price lower lows, RSI higher lows), adding confidence to the recent recovery. However, its warning nature merits monitoring near the 70 overbought threshold, which coincided with August’s peak.
Fibonacci Retracement
Using the June 2025 low ($82.47) and August 2025 high ($97.54) as anchor points, key retracement levels offer technical validation. The 38.2% retracement ($91.80) aligned perfectly with the September consolidation floor, while the 23.6% level ($94.30) was breached during the latest rally. This breakdown of Fibonacci resistance signals potential extension toward the 0% level ($97.54). A golden cross forms between the 50-day MA and the 61.8% retracement ($88.60), creating strong confluence support.
Confluence & Divergence Synthesis
Technical confluence is robust at $90-$91 (50-day MA, Fibonacci 38.2%, candlestick support), making this a critical defensive zone. The September 8th breakout above $94.30 (Fibonacci 23.6%) with volume confirmation suggests upside momentum may extend toward the $96.50-$97.50 resistance cluster. However, bearish divergence between price and volume during August’s double-top formation cautions that new highs require sustained volume commitment. No significant indicator divergences currently challenge the recovery thesis, though RSI approaching 70 may temper upside velocity.