COINBASE GLOBAL INC -CLASS A (COIN) Stock Technical Analysis
USA - NASDAQ:COIN - US19260Q1076 - Common Stock
312.59 USD
+5.9 (+1.92%)
312.28 USD
-0.31 (-0.1%)
Overall COIN gets a technical rating of 5 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month COIN has a been trading in the 292.56 - 351.89 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
COIN is one of the better performing stocks in the Capital Markets industry, it outperforms 82% of 237 stocks in the same industry.
COIN has an average volume of 10606300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, COIN did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
COIN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so COIN is lagging the market.
COIN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 299.06, a Stop Loss order could be placed below this zone.
More info and screens
173.01
346.57
When analyzing the support we can see 2 important areas.
- A support zone ranging from 297.98 to 299.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @174.76 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 330.64 to 332.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 342.47 to 343.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for COIN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COIN is down. |
| ChartMill Relative Strength | 84.08 | POSITIVE | COIN has a high relative strength, it outperformed 84.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of COIN is below 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 | MIXED | The current price of COIN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.66 | NEUTRAL | The RSI value for COIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests COIN has a negative trend. |
| Stochastics (14,3) | 28.54 | NEUTRAL | The Stochastics value for COIN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for COIN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.67 | NEGATIVE | The low ADX value for COIN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
312.59
+5.9 (+1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.92%
1 Week-8.72%
2 Weeks-3.23%
1 Month1.34%
3 Month-11.56%
6 Month79.72%
12 Month63.46%
2 Year316.34%
3 Year384.71%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)14.31
ATR(20)%4.3%
ATR Inc-2.78%
Range Today10.84
ADR(20)12.72
ADR(20)%4.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.08
Mansfield0.59
10 Day High351.89
10 Day Low303.4
20 Day High351.89
20 Day Low292.56
52 Week High444.65
52 Week Low142.58
CS1 End299.06
CR1 Start330.64
Volume & EV
DER(3)1.6%
DER(5)-0.16%
Volume6.71M
Volume Incr-11.97%
Vol(5)7.48M
Vol(50)10.61M