COINBASE GLOBAL INC -CLASS A (COIN) Stock Technical Analysis
NASDAQ:COIN • US19260Q1076
Taking everything into account, COIN scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, COIN is a bad performer in the overall market: 92% of all stocks are doing better.
- COIN is one of the lesser performing stocks in the Capital Markets industry. 83% of 238 stocks in the same industry do better.
- COIN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month COIN has a been trading in the 139.36 - 243.19 range, which is quite wide. It is currently trading near the lows of this range.
- COIN has an average volume of 10193700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
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
161.93
We found 1 important support area.
- A support zone ranging from 163.57 to 164.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @212.35 from a trend line in the daily time frame.
- Resistance @237.05 from a trend line in the daily time frame.
- Resistance @311.34 from a trend line in the weekly 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 | 8.07 | NEGATIVE | COIN has a low relative strength, it was outperformed by 91.93% 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) | 37.12 | NEUTRAL | The RSI value for COIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.07 | NEGATIVE | The MACD value suggests COIN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.3 | OVERSOLD | The low Stochastics value suggests COIN may be oversold. |
| Average True Range in percent/ATR (20) | 7.31 | HIGH VOLATILITY | The high ATR as a percentage value for COIN suggests high volalility. |
| Average Directional Index/ADX (14) | 45.11 | POSITIVE | The high ADX value value for COIN suggests a strong trend. |
164.32
+23.23 (+16.46%)
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.
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 37.1159. 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 -2.06896, indicating a bearish trend.
What is the support and resistance level for COIN stock?
COINBASE GLOBAL INC -CLASS A (COIN) has a support level at 164.31 and a resistance level at 212.35. Check the full technical report for our detailed analysis of COIN support and resistance levels.