UBER 30-Day Forecast & Trade Plan – February 2025
📊 Key Technical Levels & Market Overview
- Current Price: $64.25 (-7.89%)
- Resistance Levels: $68.14 (200-day EMA), $70 (psychological level)
- Support Levels: $60 (short-term), $55 (major support)
- Indicators:
- RSI: 42.62 (Approaching oversold)
- MACD: Bearish, momentum weakening
- IV Rank: 24% (Low implied volatility)
📌 Market Context:
Uber (UBER) sold off heavily (-7.89%) post-earnings, dropping below the 200-day EMA ($68.14). The bearish MACD crossover and RSI trending lower suggest further downside potential unless it can reclaim the $68-$70 resistance zone.
🔥 Bearish Put Debit Spread (Breakdown Trade)
📉 If UBER fails to reclaim $65-$66, a move toward $60 or lower is likely.
- Entry: Short below $64
- Target 1: $60
- Target 2: $55
- Stop-Loss: Above $68
📌 Options Play:
- Buy UBER $64 Put
- Sell UBER $60 Put
👉 ATM Put Debit Spread aligns with your strategy while keeping risk defined.
⚠️ Bullish Rebound Setup (Lower Probability)
📈 If UBER reclaims $68-$70, it could attempt a move back toward $75+.
- Entry: Long above $68
- Target: $72-$75
- Stop-Loss: Below $64
📌 Options Play:
- Buy UBER $68 Call
- Sell UBER $72 Call
👉 Low IV makes outright calls cheaper, but spreads still reduce risk.
🔎 Market Sentiment & Analysis
🔹 IV Rank 24% – Low volatility means options are cheap, favoring debit spreads over credit spreads.
🔹 MACD Bearish Crossover – Indicates further downside risk.
🔹 RSI at 42 – Nearing oversold, but not there yet, meaning further selling pressure is possible.
🚀 Final Takeaways
✅ Bearish bias as long as UBER remains below $68
✅ Put debit spreads offer a high-probability trade toward $60-$55
✅ Watch for a failed bounce attempt at $65-$66 before entering shorts
