COINBASE GLOBAL INC -CLASS A (COIN) Technical Analysis
NASDAQ:COIN • US19260Q1076
Overall COIN gets a technical rating of 1 out of 10. 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 81% of all other stocks performed better in the past year than COIN.
- COIN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month COIN has a been trading in the 139.36 - 212.07 range, which is quite wide. It is currently trading near the high of this range.
- COIN has an average volume of 11799400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- COIN is an average performer in the Capital Markets industry, it outperforms 40% of 238 stocks in the same industry.
- 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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
158.94
3 important support areas can be observed.
- A support zone ranging from 182.35 to 182.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @165.00 from a trend line in the weekly time frame.
- Support @160.55 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 208.92 to 208.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @226.30 from a trend line in the daily time frame.
- Resistance @330.24 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 | NEUTRAL | NEUTRAL | The short term trend for COIN is neutral. |
| ChartMill Relative Strength | 19.08 | NEGATIVE | COIN has a low relative strength, it was outperformed by 80.92% 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 | MIXED | The current price of COIN is above 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) | 60.22 | NEUTRAL | The RSI value for COIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 6.84 | POSITIVE | The MACD value suggests COIN has a positive trend. |
| Stochastics (14,3) | 94.89 | OVERBOUGHT | The high Stochastics value suggests COIN may be overbought. |
| Average True Range in percent/ATR (20) | 6.95 | HIGH VOLATILITY | The high ATR as a percentage value for COIN suggests high volalility. |
| Average Directional Index/ADX (14) | 29.98 | POSITIVE | The high ADX value value for COIN suggests a strong trend. |
COIN Technicals: Chart, Performance Metrics, Trend & Indicators
205.71
-3.22 (-1.54%)
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 1 / 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 60.22. 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 6.84193, 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 182.58 and a resistance level at 226.3. Check the full technical report for our detailed analysis of COIN support and resistance levels.