Photo by Yiorgos Ntrahas on Unsplash
 

• 100% technical buy signals
• 16 new highs and up 23.64% in the last month
• 118.44+ Weighted Alpha

The Chart of the Day belongs to the ride share and food delivery company Uber Technologies (UBER). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/10 the stock gained 13.08%.

(Click on image to enlarge)

UBER Price vs Daily Moving Averages

Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services. The Delivery segment allows to search for and discover restaurants to grocery, alcohol, convenience, and other retails; order a meal or other items; and Uber direct, a white-label Delivery-as-a-Service for retailers and restaurants, as well as advertising. The Freight segment manages transportation and logistics network, which connects shippers and carriers in digital marketplace including carriers upfronts, pricing, and shipment booking; and provides on-demand platform to automate logistics end-to-end transactions for small-and medium-sized business to global enterprises. Uber Technologies, Inc. was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. The company was founded in 2009 and is headquartered in San Francisco, California.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 118.44+ Weighted Alpha
• 102.34% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 22.61% in the last month
• Relative Strength Index 73.32%
• Technical support level at $69.05
• Recently traded at $70.74 with 50 day moving average of $62.32

Fundamental Factors:

• Market Cap $145 billion
• P/E 140.80
• Wall Street projects Revenue will grow 8.40% this year and another 15.30% next year
• Earnings are estimated to increase 107.70% this year, an additional 197.20% next year and continue to compound at an annual rate of 23.77% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts issued 31 strong buy, 15 buy, and 4 hold  recommendation this month
• Analysts price targets are $52 to $90
• Value Line gives the stock an average rating of 3 but with an 18 month price target of $52 for a 25% loss
• CFRAs MarketScope has a 4 star buy rating but a 12 month price target of $79 for a 12% gain
• 134,530 investors monitor the stock on Seeking Alpha

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