Uber Stock Rises 3.09% to Near 100 Resistance on Strong Technical Momentum

Uber Technologies (UBER) surged 3.09% in the latest session, extending its gains to three consecutive days with a 4.93% cumulative rise. This upward momentum positions the stock near recent highs, warranting a multi-indicator technical assessment.
Candlestick Theory
Recent price action reveals a bullish pattern: the last three sessions formed consecutive rising candles with higher highs/lows, culminating in a strong close near the session peak ($98.85 vs. high of $98.86). This suggests accumulation near the psychological $100 resistance. A key support emerges at $95.52 (September 15 low), while resistance solidifies around the $99–$100 zone, previously tested unsuccessfully in late August.
Moving Average Theory
The 50-day MA (currently near $88) sustains an upward slope above the 100-day ($84) and 200-day ($78), confirming a long-term bullish trend. Short-term dynamics show the price trading consistently above all three MAs since May 2025, with the 50-day acting as dynamic support during July–August pullbacks. The latest rally has widened the gap between price and the 50-day MA, hinting at potential near-term consolidation.
MACD & KDJ Indicators
MACD (12,26,9) displays a bullish crossover above its signal line, with histogram bars expanding positively since early September – aligning with the current uptrend. Meanwhile, the KDJ oscillator (9,3,3) shows %K and %D lines elevated in overbought territory (both >80), though not yet diverging. While confirming near-term strength, this KDJ positioning warrants caution for a potential pullback if bullish momentum falters.
Bollinger Bands
Volatility expanded notably during the September rally, with price breaching the upper band (20-day SMA ≈$94, ±2σ) on September 8 and 15. This signals strong upside momentum, but historical band breaches (e.g., August 19) were often followed by short-term mean reversion. Current band width remains elevated, reducing immediate reversal risks but increasing sensitivity to profit-taking near the $99 upper band boundary.
Volume-Price Relationship
Recent gains are validated by rising volume: September 15’s 18.6M shares traded exceeded the prior 10-day average. The three-day rally saw cumulative volume of 48.4M shares – the highest since August 8 – indicating strong conviction. Notable volume spikes consistently coincide with directional breaks (e.g., July 7 upside, August 8 downside), reinforcing the current breakout’s credibility.
Relative Strength Index (RSI)
The 14-day RSI (≈68) approaches overbought territory but hasn’t crossed the 70 threshold. This reflects persistent upward pressure without exhaustion signals. However, RSI diverged bearishly in late August (price higher highs vs. RSI lower highs), which resolved through September’s pullback. Current alignment with price highs reduces near-term divergence concerns.
Fibonacci Retracement
Applying Fib levels between the April 10 low ($65.07) and August 26 high ($96.82) reveals critical thresholds. The 61.8% retracement ($84.50) held as support during September’s consolidation, while the 38.2% level ($88.50) now acts as intermediate support. Confluence exists near $100 (June 24 peak = $91.65; 23.6% extension ≈$99), establishing a decisive resistance zone.
Confluence and Divergence Observations
Confluence supports bullish bias:
- Volume confirms breakout momentum.
- MACD crossover aligns with price acceleration.
- Bollinger Band expansion validates volatility-backed upside.
- Price holding above key Fib levels ($88.50–$84.50) underpins trend integrity.
Notable divergence occurred in late August when RSI’s lower highs contrasted with price peaks, foreshadowing September’s retracement. Currently, no material inter-indicator divergence exists, though KDJ’s overbought stance contradicts RSI’s neutral positioning – a nuance requiring monitoring for bearish reversal signals if KDJ turns downward first.
Probabilistically, Uber Technologies’ technical posture favors continued upside toward the $100 psychological barrier, though overbought oscillators and historical resistance suggest consolidation may precede further gains. A sustained close above $99 would signal breakout confirmation, while failure to hold $95.52 support may trigger short-term profit-taking.