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Uber's Charts Are Mixed Ahead of Earnings

Let's check the charts and indicators of this car service company.
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Uber Technologies (UBER) is scheduled to announce Q3 earnings results on Monday after the market close. During Friday's Mad Moneyprogram, Jim Cramer told viewers he was curious to see if the company could pare its losses. 

In this daily bar chart of UBER, below, we can see that prices worked lower from July into early October. Prices have tried to improve from their early October lows but the indicators have remained mostly mixed.

Prices are below the cresting 20-day moving average line and below the bottoming 50-day line. With only six months of price data to work with we shortened our trend following indicators.

The On-Balance-Volume (OBV) has been in a downtrend from May but it is showing some stability from early October.

The Moving Average Convergence Divergence (MACD) oscillator shows a bullish divergence with a higher low from September to October even though prices made lower lows. The oscillator is in a cover shorts buy mode and trying to cross the zero line for an outright go long signal. 

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In this Point and Figure chart of UBER, below, we can see some key levels to watch. The software is projecting a possible downside price target of $29 but we can see that a trade at $33.93 will be a bullish upside breakout. 

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Bottom line strategy: I get the sense that traders and investors are not expecting too much from UBER's earnings report so the bar is set pretty low in my opinion. This could leave open the door for an upside reaction.

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