Uber Technologies Inc UBER is reporting its fourth-quarter earnings on Wednesday. Wall Street expects 49 cents in EPS and $11.77 billion in revenues as the company reports before market hours.

The stock is up 0.95% over the past year, 9.67% YTD.

Let’s look at what the charts indicate for Uber stock and how the stock currently maps against Wall Street estimates.

Uber Stock Strongly Bullish Ahead of Q4 Earnings

Uber stock is showing a strongly bullish trend, with the share price of $69.27 trading above its five-day, 20-day and 50-day exponential moving averages. This indicates continued buying pressure, though recent price action suggests some hesitation.

Chart created using Benzinga Pro

The eight-day simple moving average (SMA) at $67.77, 20-day SMA at $67.14 and the 50-day SMA at $66.04 all signal bullish momentum, reinforcing Uber stock's near-term strength. However, Uber stock remains below its 200-day SMA of $69.74, which could act as a key resistance level in the longer term.

Momentum indicators provide mixed signals. The Moving Average Convergence Divergence (MACD) indicator at 0.70 suggests bullish momentum remains intact, but the Relative Strength Index (RSI) at 61.41 indicates neutral territory, implying that Uber stock is not yet overbought.

Uber stock investors may look for a sustained move above the 200-day SMA to confirm a longer-term bullish breakout, while a drop below the 50-day SMA could signal potential weakness.

Uber Analysts See 29% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Uber stock stands at a Buy currently with a price target of $91.81. Recent analyst ratings from UBS, Cantor Fitzgerald and Piper Sandler imply a 29.45% upside for Uber stock.

UBER Stock Price Action: Uber stock was trading up 1.33% at $69.91 at the time of publication Tuesday.

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