Uber slides today: Key reasons behind the decline

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Uber slides 3.91% to $70.98 today

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Dan Blystone

23.02.2026

Uber slides today: Key reasons behind the decline — Uber slides 3.91% to $70.98 today

Uber Technologies Inc. (UBER) shares have dropped sharply to $70.98, recording a daily decline of 3.91%. The asset is trading beneath the MA-20 at $75.97, MA-50 at $80.34, and MA-200 at $88.82, highlighting strong seller control and a position below key moving averages.

UBER price prediction

24H 0.12%

$72.29

48H 0.29%

$72.41

7D -1.18%

$71.35

1M -5.68%

$68.1

3M -1.97%

$70.78

6M 12.49%

$81.22

12M -15.26%

$61.18

Detailed

Current price: $ 72.2 0.5100 0.71%

Real-time Data 15:44

Daily range 71.77

73.52

Weekly range 69.99

74.56

Highlights

Uber has launched Uber Autonomous Solutions, a global platform focused on accelerating commercialization of autonomous vehicles and robotaxis in key markets including Phoenix, Dubai, and Riyadh.
Uber is committing over $100 million to develop electric vehicle charging hubs, aiming to support expansion of its autonomous EV initiatives worldwide.
Uber shares have declined to $70.98, significantly below all major moving averages (MA-20 at $75.97, MA-50 at $80.34, MA-200 at $88.82), with technicals signaling persistent bearish momentum and high downside risk.

Autonomous platform expansion fuels capital deployment and global ambitions

Uber has launched Uber Autonomous Solutions, a global platform that aims to accelerate the commercialization of autonomous vehicles and robotaxis. The initiative includes services for data management, mapping, fleet operations, and insurance to support deployment in international markets such as Phoenix, Dubai, and Riyadh. Uber is also investing over $100 million in the development of electric vehicle charging hubs to further expand its autonomous EV capabilities.

Anton Kharitonov, expert at Traders Union, notes a decisive breakdown below all major moving averages and a clear lack of technical support. He sees Uber’s new autonomous vehicle initiative as failing to spark positive sentiment under strong selling pressure. Momentum indicators confirm a persistent downtrend and sellers remain in full control. With weak oscillators and gap-down price action, Kharitonov cautions that downside risk is far from exhausted. "The inability to reclaim $77.70 keeps bulls sidelined and exposes Uber to further sharp declines if market confidence does not recover," he warns.

Viktoras Karapetjanc, expert at Traders Union, sees Uber’s global push into autonomous solutions and EV infrastructure as a major strategic advance. He remains confident that such innovation bolsters Uber’s future market position, despite current price setbacks. Karapetjanc highlights that the bullish structure remains intact long term, with multiple opportunities once sentiment stabilizes. "As Uber expands autonomous operations internationally and commits $100 million to EV hubs, I expect further growth and see the current weakness as a setup for forward-looking investors," he asserts.

Jainam Mehta, market strategist, observes prolonged bearish momentum with no key reversal signals yet in sight. He points to the narrow consolidation band as a tactical zone for breakout traders, watching for a move above $77.70 to signal bullish intent. Mehta adds that bearish bias is likely to persist unless a contrarian shift emerges in momentum. "A break below $68.60 could prompt tactical short setups, but I would watch for divergence in sentiment before considering any reversal trades here," he says.

Bearish momentum prevails as oscillators reinforce sustained weakness

Technical signals confirm pronounced bearish momentum for UBER. The asset trades below the Ichimoku Kijun at $77.70 — the nearest dynamic resistance — with the MA-20, MA-50, and MA-200 all above current levels, indicating persistent downward momentum across all timeframes. The MACD remains on a strong sell signal while the ADX points to a continued strong downtrend. The RSI is at 40.59, reflecting room for further downside without being oversold, and Stoch RSI along with Bull/Bear Power suggest overbought conditions have recently unwound. Sellers have maintained pressure following a gap-down open, with all short-term oscillators reinforcing a weak intraday bias and an absence of major bullish divergence.

Last time, analysts noted that Uber Technologies Inc. was trading below its key moving averages, with persistent bearish momentum confirmed by weak MACD and ADX readings. Despite intraday gains and oversold conditions on RSI and CCI that could limit further downside, resistance remains overhead near the Kijun line, while support is limited to recent lows and the short-term moving averages.

Source of Data: UBER Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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