Uber Technologies is a technology platform that uses a network, technology, operational and product personnel to power movement from point A to point B. Co. develops and operates technology supporting a variety of offerings on its platform. Co. connects consumers with providers of ride services for ridesharing services, and connect Riders and other consumers with restaurants, grocers and other stores with delivery service providers for meal preparation, grocery and other delivery services. Co. also connects consumers with public transportation networks. Co. uses this same network, technology, operational and product personnel to connect shippers with carriers in the freight industry.
When researching a stock like Uber Technologies, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from UBER Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for UBER stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the UBER 200 day moving average ("UBER 200 DMA"), while one of the most popular "shorter look-backs" is the UBER 50 day moving average ("UBER 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Uber Technologies. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the UBER 200 DMA and the UBER 50 DMA, we get a moving average convergence divergence indicator ("UBER MACD"). The UBER MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis