Trading Class

Markets › Uber › Gap up

US stock market · price-structure setup

Gap up on Uber

On Uber the gap up showed up 140 times. The target came first 36% of the time, the stop 59%, and 5% went nowhere within 12 candles.

Counted on Uber: daily candles from May 2019 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily4443%52%5%
Hourly9632%62%5%

Uber against the rest

ChartsFoundTarget firstStop firstWent nowhere
Uber14036%59%5%
All US stock market charts5,18341%53%6%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
2020757%43%
2021650%33%
2022520%80%
2023967%33%
20241118%64%
20256134%62%
20264132%63%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the gap up is

Price opened above the previous candle's high. It jumped up between the two candles.

Imagine a shop that shuts at night. While it is closed, everyone hears great news about a toy, so when the shop opens, the very first price is already above anything paid the day before. On a chart, a candle that starts above the top of the candle before it is called a gap up.

The full gap up lesson, video and quiz ›

Other patterns on Uber

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · all of them

The gap up elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Sensex · Nifty 50 · Nikkei 225 · Sony

Questions

How often does the gap up work on Uber?

In 140 cases on Uber, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 59%; 5% went nowhere within 12 candles.

What is the gap up?

Price opened above the previous candle's high. It jumped up between the two candles.