COINBASE GLOBAL INC -CLASS A (COIN) Stock Technical Analysis
USA - NASDAQ:COIN - US19260Q1076 - Common Stock
We assign a technical rating of 0 out of 10 to COIN. COIN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of COIN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
177.51
We found 1 important support area.
- Support @179.30 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 329.63 to 331.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @354.72 from a trend line in the weekly time frame.
- Resistance @370.73 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for COIN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COIN is down. |
| ChartMill Relative Strength | 20.81 | NEGATIVE | COIN has a low relative strength, it was outperformed by 79.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of COIN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of COIN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of COIN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.47 | NEUTRAL | The RSI value for COIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -6.36 | NEGATIVE | The MACD value suggests COIN has a negative trend. |
| Stochastics (14,3) | 8.29 | OVERSOLD | The low Stochastics value suggests COIN may be oversold. |
| Average True Range in percent/ATR (20) | 7.79 | HIGH VOLATILITY | The high ATR as a percentage value for COIN suggests high volalility. |
| Average Directional Index/ADX (14) | 22.05 | NEUTRAL | The ADX value for COIN suggests a possible start of a new trend. |
261.79
-2.16 (-0.82%)
COINBASE GLOBAL INC -CLASS A / COIN FAQ
What is the ChartMill technical rating of COINBASE GLOBAL INC -CLASS A (COIN) stock?
ChartMill assigns a technical rating of 0 / 10 to COIN.
Can you provide the trend direction for COINBASE GLOBAL INC -CLASS A?
The current trend direction for COINBASE GLOBAL INC -CLASS A (COIN) is Bearish.
What is the RSI signal for COINBASE GLOBAL INC -CLASS A (COIN) stock?
COINBASE GLOBAL INC -CLASS A (COIN) has an RSI value of 32.4653. This indicates that the stock is currently neutral.
What is the MACD signal for COIN stock?
The MACD indicator for COINBASE GLOBAL INC -CLASS A (COIN) has a value of -6.36149, indicating a bearish trend.
What is the buy/sell signal for COIN stock?
The buy/sell signal for COINBASE GLOBAL INC -CLASS A (COIN) is sell as both the short term and long term trends are negative.