Overview Summary
Uber Technologies Inc. (
UBER) has approached a structurally significant price zone, both from a technical and fundamental lens. After a strong rally into the $90s, price action has pulled back toward a multi-year resistance-turned-support zone between $81–84. This zone previously capped rallies throughout 2023–2025 and now offers a potential launchpad for a continuation into new all-time highs, especially with the macro backdrop favoring Uber’s platform model.
Technical Insight:
The 4H chart shows a breakout-retest structure, where price is retesting the prior resistance band. This aligns with historical price memory and volume pockets. A successful retest and base in this zone would signal fresh accumulation and set up the next leg toward $100+.
Support Zone: $81.00–85.00
Breakout Target: $100.00
Medium-Term Target: $120
Invalidation Zone: $80
Why We’re Buying Uber: Long-Term Conviction + Technical/Fundamental Confluence
Final Thoughts
We at Green Zone Capital see Uber as a long-term compounder in the platform economy, bridging mobility, logistics, and commerce. Technically, the current pullback may serve as a high-conviction re-entry zone after a multi-month rally. If this zone holds and confirms strength, the upside potential over the next few quarters is significant.
Uber Technologies Inc. (
UBER) has approached a structurally significant price zone, both from a technical and fundamental lens. After a strong rally into the $90s, price action has pulled back toward a multi-year resistance-turned-support zone between $81–84. This zone previously capped rallies throughout 2023–2025 and now offers a potential launchpad for a continuation into new all-time highs, especially with the macro backdrop favoring Uber’s platform model.Technical Insight:
The 4H chart shows a breakout-retest structure, where price is retesting the prior resistance band. This aligns with historical price memory and volume pockets. A successful retest and base in this zone would signal fresh accumulation and set up the next leg toward $100+.
Support Zone: $81.00–85.00
Breakout Target: $100.00
Medium-Term Target: $120
Invalidation Zone: $80
Why We’re Buying Uber: Long-Term Conviction + Technical/Fundamental Confluence
- Dominance in Mobility & Delivery: Uber is expanding its lead as the global leader in ride-sharing and food delivery, with strong pricing power and platform scale.
- Free Cash Flow Growth: Uber’s recent quarters show consistent positive FCF, with improving margins and reduced reliance on subsidies.
- Operating Leverage & Cost Discipline: CEO Dara Khosrowshahi has emphasized discipline, turning Uber into a more predictable, leaner machine.
- Uber for Business, Freight, and Ads: These emerging verticals are quietly building into high-margin growth engines, adding new levers to long-term valuation.
- AI & Automation Tailwinds: Uber is positioned to integrate AI across logistics, routing, and customer personalization, driving efficiency and margin expansion.
- Valuation Reset Opportunity: Compared to high-growth tech peers, Uber trades at a relative discount despite superior revenue growth and execution.
Final Thoughts
We at Green Zone Capital see Uber as a long-term compounder in the platform economy, bridging mobility, logistics, and commerce. Technically, the current pullback may serve as a high-conviction re-entry zone after a multi-month rally. If this zone holds and confirms strength, the upside potential over the next few quarters is significant.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.