Expected to report an EPS of $0.07 on revenue of $9.54bn

Taking a look at Uber as the Nasdaq constituent is expected to report its earnings tomorrow with the earnings season now coming to an end. Currently, its shares are trading at around $48.26 a share after rallying last week on optimism from the central banks globally. From a technical standpoint, its stock price has broken out of the descending triangle towards the upside, closing way above the resistance of $47.20. The next level of resistance sits at $49.18, a break above it may see an extension towards this year’s high of $52.61. Although, the earnings will play a major role for such a move in the upcoming days. Looking at the downside, support now sits at $47.30 then at $46.21. A move and close below $46.21 could see the price retrace all the way back to the previous trendline resistance, which can now act as a support level for the stock reading of $45.11. However, if we look over at the technical indicators we can see that the short-mid term bias has shifted bullish once again. The MACD is strongly positive and so is the RSI as it now reads 64. Uber is expected to report an EPS of $0.07 on revenue of $9.54bn for the third quarter of 2023.