Uber Stock's Bullish Ride Continues: Will Q4 Earnings Fuel A Bigger Rally?

Core Viewpoint - Uber Technologies Inc is set to report its fourth-quarter earnings, with Wall Street expecting an EPS of 49 cents and revenues of $11.77 billion, indicating positive market sentiment ahead of the earnings release [1]. Stock Performance - Uber stock has shown a 0.95% increase over the past year and a 9.67% year-to-date rise, reflecting a bullish trend [1]. - The current share price is $69.27, trading above its five-day, 20-day, and 50-day exponential moving averages, indicating continued buying pressure [1]. Moving Averages - The eight-day simple moving average (SMA) is at $67.77, the 20-day SMA at $67.14, and the 50-day SMA at $66.04, all signaling bullish momentum [2]. - However, the stock remains below its 200-day SMA of $69.74, which may act as a key resistance level in the long term [2]. Momentum Indicators - The Moving Average Convergence Divergence (MACD) indicator at 0.70 suggests that bullish momentum remains intact [3]. - The Relative Strength Index (RSI) at 61.41 indicates neutral territory, suggesting that the stock is not yet overbought [3]. - Investors may look for a sustained move above the 200-day SMA for a longer-term bullish breakout, while a drop below the 50-day SMA could signal potential weakness [3]. Analyst Ratings - The consensus analyst rating for Uber stock is currently a Buy, with a price target of $91.81, indicating a potential upside of 29.45% [4]. - At the time of publication, Uber stock was trading up 1.33% at $69.91 [4].