Uber Technologies (UBER) stock price declined in its latest intraday trading, with the beginning of negative signals emerging from the Stochastic indicators, as the stock attempts to gain positive momentum that could help it recover and rise again, while also trying to relieve part of its overbought condition on the Stochastic indicators, as this decline brought the stock back to the support of its 50-day SMA, amid the dominance of a short-term upward wave while moving alongside a trend line supporting this path.

Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $73.00 support level, targeting once again the key resistance level at $79.00.

Todays price forecast: Neutral