Uber Technologies (UBER) settled lower in its latest intraday trading after a sharp corrective decline in recent sessions. The stock has now reached the key support level of $82.30, which provided enough positive momentum to halt the selloff, especially as a bullish crossover begins to emerge on the Relative Strength Indicators after reaching extremely oversold levels. This suggests an attempt to unwind part of this oversold pressure.

Therefore, we expect the stock to decline in the upcoming sessions, particularly if it breaks below the mentioned support at $82.30, targeting its next support level at $77.25.

Todays price forecast: Bearish