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.
Although the technical rating is bad, COIN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 277.37. Right above this resistance zone may be a good entry point. 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
2 important support areas can be observed.
- A support zone ranging from 238.15 to 247.67. 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 277.37 to 277.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @343.88 from a trend line in the weekly time frame.
- Resistance @362.75 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 | 20.88 | NEGATIVE | COIN has a low relative strength, it was outperformed by 79.12% 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) | 47.56 | NEUTRAL | The RSI value for COIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.32 | POSITIVE | The MACD value suggests COIN has a positive trend. |
| Stochastics (14,3) | 79.99 | NEUTRAL | The Stochastics value for COIN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.81 | HIGH VOLATILITY | The high ATR as a percentage value for COIN suggests high volalility. |
| Average Directional Index/ADX (14) | 23.09 | NEUTRAL | The ADX value for COIN suggests a possible start of a new trend. |
277.36
+3.16 (+1.15%)
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 47.5593. 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 4.32417, 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.