COINBASE GLOBAL INC -CLASS A (COIN) Technical Analysis
NASDAQ:COIN • US19260Q1076
Overall COIN gets a technical rating of 2 out of 10. In the past year, COIN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, COIN is a bad performer in the overall market: 77% of all stocks are doing better.
- COIN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so COIN is lagging the market.
- In the last month COIN has a been trading in the 139.36 - 213.50 range, which is quite wide. It is currently trading near the high of this range.
- COIN has an average volume of 12092700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- COIN is part of the Capital Markets industry. There are 242 other stocks in this industry, COIN did better than 50% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
158.94
We found 3 important support areas.
- Support @192.16 from a trend line in the daily time frame.
- Support @165.22 from a trend line in the weekly time frame.
- Support @160.55 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 199.80 to 203.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 208.94 to 209.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @223.61 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 | UP | POSITIVE | The short term trend for COIN is up. |
| ChartMill Relative Strength | 23.33 | NEGATIVE | COIN has a low relative strength, it was outperformed by 76.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COIN is above the rising 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) | 55.45 | NEUTRAL | The RSI value for COIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 6.33 | POSITIVE | The MACD value suggests COIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.7 | NEUTRAL | The Stochastics value for COIN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.67 | HIGH VOLATILITY | The high ATR as a percentage value for COIN suggests high volalility. |
| Average Directional Index/ADX (14) | 27.19 | POSITIVE | The high ADX value value for COIN suggests a strong trend. |
COIN Technicals: Chart, Performance Metrics, Trend & Indicators
199.79
+2.57 (+1.3%)
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.
What is the current trend direction of COINBASE GLOBAL INC -CLASS A (COIN) stock?
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 55.4537. This indicates that the stock is currently neutral.
What is the MACD signal for COINBASE GLOBAL INC -CLASS A (COIN) stock?
The MACD indicator for COINBASE GLOBAL INC -CLASS A (COIN) has a value of 6.32595, indicating a bullish trend.
What is the support and resistance level for COIN stock?
COINBASE GLOBAL INC -CLASS A (COIN) has a support level at 192.16 and a resistance level at 199.8. Check the full technical report for our detailed analysis of COIN support and resistance levels.