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Uber Technologies, Inc. revealed a new integration, allowing users of Meta's Muse to arrange Uber Courier deliveries directly from a chat interface. The stock is up 3.7% on the day at $71.17.
Uber announced that users of Muse, a product developed by Meta, are now able to request an Uber Courier delivery directly within a chat interface. The integration allows users to view the price and approve the booking in real time. Uber manages the courier pickup once the booking is confirmed.
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Price reclaimed the MA-50 at $69.99 during the session after previously closing below it. Shares of Uber are moving within a split daily structure, sitting below the MA-200 but above both the MA-20 and MA-50. Stoch RSI is in overbought territory, which limits room for further upside from current levels.
To determine if the recent event is influencing price action, traders should watch for a close above $72.44 to confirm buyers are following through, or a drop below $69.99 to show the move is being faded. The price regained the MA-50 at $69.99 during the session after having closed below that level. Even so, for the coming trading week there is a 61% probability of further upside and a 39% chance of a downside move, with Uber expected to trade between $68.3 and $74.03. The sharp move higher in the past week has not established a sustained trend. On the weekly chart the longer-term picture stays negative.
Previously it was reported that analysts expected Uber shares to remain range-bound with a bearish bias amid technical consolidation. The recent breakout above key moving averages adds a new dimension to the outlook, and traders should monitor whether a close above $72.44 can establish further upside momentum.