COINBASE GLOBAL INC -CLASS A (COIN) Stock Technical Analysis
USA - NASDAQ:COIN - US19260Q1076 - Common Stock
Overall COIN gets a technical rating of 2 out of 10. COIN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
COIN has a poor technical rating and the quality of the setup is also not perfect 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
176.94
When analyzing the support we can see 2 important areas.
- A support zone ranging from 295.21 to 299.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @178.73 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 325.55 to 334.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @341.55 from a trend line in the daily time frame.
- A resistance zone ranging from 358.33 to 361.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @374.15 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 | NEUTRAL | NEUTRAL | The long term trend for COIN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COIN is down. |
| ChartMill Relative Strength | 50.74 | NEUTRAL | COIN is not amongst the best or worst performers 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) | UP | MIXED | The current price of COIN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COIN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.61 | NEUTRAL | The RSI value for COIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4 | NEGATIVE | The MACD value suggests COIN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.45 | NEUTRAL | The Stochastics value for COIN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for COIN suggests high volalility. |
| Average Directional Index/ADX (14) | 15.03 | NEGATIVE | The low ADX value for COIN suggests a weak or negative trend. |
317.93
+8.79 (+2.84%)
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 2 / 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 45.6114. 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 -4.00495, indicating a bearish trend.