Uber shares dip amid rising selling pressure

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Uber slides 2.52% today to $73.23

Highlights

Uber will invest up to $1.25 billion in a major partnership with Rivian to deploy 50,000 autonomous R2 robotaxis by 2031.
Initial rollout of 10,000 Rivian autonomous vehicles is planned in the US by 2028, supporting Uber’s focus on its core ride-hailing and delivery business.
Uber trades below key moving averages amid broad selling pressure, with a likely sideways consolidation in the $73.68–$75.01 range and short-term downside bias.

Autonomous partnership and new investments as price sellers persist

Uber entered a major partnership with Rivian, agreeing to invest up to $1.25 billion to advance its autonomous ride-hailing operations. The agreement includes plans to deploy up to 50,000 Rivian R2 robotaxis on Uber's platform by 2031, with an initial rollout of 10,000 vehicles in the United States by 2028. The company has also expanded its autonomous vehicle collaborations and continues to focus on core ride-hailing and delivery services, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees Uber facing persistent technical and sentiment-based headwinds. He notes that price remains suppressed below all major moving averages, reflecting strong seller control despite recent autonomous vehicle news. Volatility is rising, but momentum and breadth indicators confirm weak demand. Weak support at $73.68 risks further breakdown if selling accelerates. "Fundamentals show promise, but in my view, sellers hold conviction and caution is warranted until key resistance levels reclaim."

Viktoras Karapetjanc, expert at Traders Union, highlights Uber’s investment in autonomous ride-hailing as a strong driver for future growth. He maintains that strategic partnerships like the Rivian deal reinforce Uber’s long-term positioning despite recent price weakness. Karapetjanc views the downturn as a tactical pullback within a bullish structure. He emphasizes that large-scale adoption and innovation could ignite new upside momentum soon. "I see expanding opportunities here — Uber’s direction remains constructive and further growth is on the menu."

Parshwa Turakhiya, analyst, observes mixed signals in Uber’s technical and sentiment setup. While price is under pressure, the Stoch RSI and recent news hint at short-term reversal potential if resistance is cleared. He sees traders watching $74.14 – $75.01 for cues, with possible choppy action around support. "For now, I’d watch for sentiment-driven bounces, but swing positioning should be nimble with stops just below $73.68."

Mixed signals as support turns resistance amid bearish momentum

Nearest support is near the Kijun level ($74.14) from the Ichimoku, which has now become resistance with price trading below it; long-term trend also remains negative as there is no golden or death cross noted between SMA-50 and SMA-200. Momentum readings are mostly bearish: the D1 MACD gives a strong sell signal and ADX reads as neutral at low levels, suggesting weak trend strength. On the overbought/oversold front, both RSI and CCI signal modest downside bias, while the Stoch RSI offers a short-term buy signal — an explicit divergence when paired with the strong sell from MACD. BBP on D1 indicates overbought but has turned lower, suggesting buyers recently dominated but are losing ground. The AO supports the short-term downward tone with a buy, but the overall daily move confirms seller pressure as price has dropped 2.52%. There was no significant gap between the previous close ($75.12) and today’s open ($74.69). The current price sits near today’s low ($72.92), reflecting a session with moderate volatility and consistent pressure after the open.

Earlier, analysts noted that Uber was contending with persistent selling pressure despite strategic advances in autonomous technology partnerships. This latest price action reinforces the bearish outlook, highlighting the need to monitor for a potential break below the $73.68 support that could trigger additional downside risk.

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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