Delivery Hero Counters Competition with Subscriptions Ahead of Uber Deal
📊 GOOGL — Piyasa Yorumu
▼ down · 60%GOOGL shares have shown weak performance, declining 1.78% over the last 24 hours. The RSI is approaching oversold territory at 33.4, but the MACD remains negative and below the signal line, indicating that short-term momentum is still bearish. The price is trading below the 20-day and 50-day moving averages (345.17 and 344.32, respectively), which further weakens the technical outlook. Although no direct news headline is impacting GOOGL, selling pressure across technology stocks and weak technical indicators suggest that the decline may continue in the short term. However, the low RSI level could signal a potential technical rebound, so the confidence level is maintained at moderate.
📊 UBER — Piyasa Yorumu
▼ down · 60%The headline indicates that Delivery Hero is countering competition from subscriptions ahead of its deal with Uber, suggesting that Uber is under competitive pressure and that the deal's completion may take time. Technical indicators are weak: RSI is in oversold territory at 28.8, MACD is below the signal line, and the price is below both the SMA20 and SMA50. A 2.56% decline over the last 24 hours points to continued short-term selling pressure. However, with RSI in oversold territory, some bargain buying may emerge; therefore, confidence is set to moderate.