We assign a technical rating of 0 out of 10 to COIN. COIN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, COIN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 247.67, a Stop Loss order could be placed below this zone.
More info and screens
179.20
When analyzing the support we can see 3 important areas.
- A support zone ranging from 245.89 to 247.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 238.15 to 241.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @181.01 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @277.37 from a horizontal line in the daily time frame.
- Resistance @343.88 from a trend line in the weekly time frame.
- Resistance @361.60 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 | 17.75 | NEGATIVE | COIN has a low relative strength, it was outperformed by 82.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of COIN is above 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) | UP | MIXED | The current price of COIN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.09 | NEUTRAL | The RSI value for COIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.84 | POSITIVE | The MACD value suggests COIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.62 | NEUTRAL | The Stochastics value for COIN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.01 | HIGH VOLATILITY | The high ATR as a percentage value for COIN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.36 | NEUTRAL | The ADX value for COIN suggests a possible start of a new trend. |
269.02
-6.07 (-2.21%)
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 44.0916. 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 3.8363, indicating a bullish 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.