Uber Technologies Inc (UBER)
Uber Technologies, Inc., commonly known as Uber, is an American technology company. Its services include ride-hailing, food delivery (Uber Eats), package delivery, couriers, freight transportation, and, through a partnership with Lime, electric bicycle and motorized scooter rental. The company is based in San Francisco, California.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 83.21% per annum.
- UBER price at the close of July 25, 2024 was $65.74 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 31.81% per annum.
- UBER price at the close of July 25, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of UBER price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: May 9, 2022
End date: July 17, 2024
a = 1.3620
b = 0.0017
s = 0.1116
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 83.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1116) – 1
= 56.29%
May 9, 2022 calculations
Top border of price channel:
Exp(Y702)
= Exp(a + b × X702 + 2 × s)
= Exp(a + b × 1,018 + 2 × s)
= Exp(1.3620 + 0.0017 × 1,018 + 2 × 0.1116)
= Exp(3.2739)
= $26.41
Bottom border of price channel:
Exp(Y702)
= Exp(a + b × X702 – 2 × s)
= Exp(a + b × 1,018 – 2 × s)
= Exp(1.3620 + 0.0017 × 1,018 – 2 × 0.1116)
= Exp(2.8273)
= $16.90
July 17, 2024 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,818 + 2 × s)
= Exp(1.3620 + 0.0017 × 1,818 + 2 × 0.1116)
= Exp(4.6009)
= $99.58
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,818 – 2 × s)
= Exp(1.3620 + 0.0017 × 1,818 – 2 × 0.1116)
= Exp(4.1544)
= $63.71
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 83.21% per annum.
- UBER price at the close of July 25, 2024 was $65.74 and was inside the primary price channel.
Secondary Trend
Start date: February 14, 2024
End date: July 25, 2024
a = 6.1053
b = -0.0010
s = 0.0503
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -31.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0503) – 1
= 22.31%
February 14, 2024 calculations
Top border of price channel:
Exp(Y1,146)
= Exp(a + b × X1,146 + 2 × s)
= Exp(a + b × 1,664 + 2 × s)
= Exp(6.1053 + -0.0010 × 1,664 + 2 × 0.0503)
= Exp(4.4606)
= $86.54
Bottom border of price channel:
Exp(Y1,146)
= Exp(a + b × X1,146 – 2 × s)
= Exp(a + b × 1,664 – 2 × s)
= Exp(6.1053 + -0.0010 × 1,664 – 2 × 0.0503)
= Exp(4.2592)
= $70.76
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(6.1053 + -0.0010 × 1,826 + 2 × 0.0503)
= Exp(4.2907)
= $73.02
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.1053 + -0.0010 × 1,826 – 2 × 0.0503)
= Exp(4.0893)
= $59.70
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 31.81% per annum.
- UBER price at the close of July 25, 2024 was inside the secondary price channel.