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 109.89% per annum.
- UBER price at the close of May 8, 2024 was $66.40 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 61.19% per annum.
- UBER price at the close of May 8, 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: October 10, 2022
End date: May 7, 2024
a = 0.6539
b = 0.0020
s = 0.0883
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 109.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0883) – 1
= 42.34%
October 10, 2022 calculations
Top border of price channel:
Exp(Y861)
= Exp(a + b × X861 + 2 × s)
= Exp(a + b × 1,249 + 2 × s)
= Exp(0.6539 + 0.0020 × 1,249 + 2 × 0.0883)
= Exp(3.3675)
= $29.01
Bottom border of price channel:
Exp(Y861)
= Exp(a + b × X861 – 2 × s)
= Exp(a + b × 1,249 – 2 × s)
= Exp(0.6539 + 0.0020 × 1,249 – 2 × 0.0883)
= Exp(3.0145)
= $20.38
May 7, 2024 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(0.6539 + 0.0020 × 1,824 + 2 × 0.0883)
= Exp(4.5355)
= $93.27
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(0.6539 + 0.0020 × 1,824 – 2 × 0.0883)
= Exp(4.1825)
= $65.53
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 109.89% per annum.
- UBER price at the close of May 8, 2024 was $66.40 and was inside the primary price channel.
Secondary Trend
Start date: February 29, 2024
End date: May 8, 2024
a = 8.9563
b = -0.0026
s = 0.0250
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0026) – 1
= -61.19%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0250) – 1
= 10.50%
February 29, 2024 calculations
Top border of price channel:
Exp(Y1,209)
= Exp(a + b × X1,209 + 2 × s)
= Exp(a + b × 1,756 + 2 × s)
= Exp(8.9563 + -0.0026 × 1,756 + 2 × 0.0250)
= Exp(4.4527)
= $85.86
Bottom border of price channel:
Exp(Y1,209)
= Exp(a + b × X1,209 – 2 × s)
= Exp(a + b × 1,756 – 2 × s)
= Exp(8.9563 + -0.0026 × 1,756 – 2 × 0.0250)
= Exp(4.3529)
= $77.70
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(8.9563 + -0.0026 × 1,825 + 2 × 0.0250)
= Exp(4.2738)
= $71.80
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(8.9563 + -0.0026 × 1,825 – 2 × 0.0250)
= Exp(4.1740)
= $64.97
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 61.19% per annum.
- UBER price at the close of May 8, 2024 was inside the secondary price channel.