FUBOTV INC -CLASS A (FUBO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FUBO - US35953D1046 - Common Stock
Taking everything into account, FUBO scores 2 out of 10 in our technical rating. Although FUBO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
FUBO has a poor technical rating and the quality of the setup is also not perfect 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
2.53
2 important support areas can be observed.
- Support @2.65 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.56 to 2.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.71 to 2.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.62 from a trend line in the daily time frame.
- Resistance @4.08 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 FUBO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FUBO is down. |
| ChartMill Relative Strength | 87.95 | POSITIVE | FUBO has a high relative strength, it outperformed 87.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FUBO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FUBO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FUBO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.5 | NEUTRAL | The RSI value for FUBO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FUBO has a positive trend. |
| Stochastics (14,3) | 24.09 | NEUTRAL | The Stochastics value for FUBO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for FUBO suggests some volalility. |
| Average Directional Index/ADX (14) | 34.61 | POSITIVE | The high ADX value value for FUBO suggests a strong trend. |
2.71
+0.09 (+3.44%)
FUBOTV INC -CLASS A / FUBO FAQ
What is the ChartMill technical rating of FUBOTV INC -CLASS A (FUBO) stock?
ChartMill assigns a technical rating of 2 / 10 to FUBO.
What is the current trend direction of FUBOTV INC -CLASS A (FUBO) stock?
The current trend direction for FUBOTV INC -CLASS A (FUBO) is Bearish.
What is the RSI signal for FUBOTV INC -CLASS A (FUBO) stock?
FUBOTV INC -CLASS A (FUBO) has an RSI value of 36.4981. This indicates that the stock is currently neutral.
What is the MACD signal for FUBOTV INC -CLASS A (FUBO) stock?
The MACD indicator for FUBOTV INC -CLASS A (FUBO) has a value of 0.00929629, indicating a bearish trend.
What is the support and resistance level for FUBO stock?
FUBOTV INC -CLASS A (FUBO) has a support level at 2.65 and a resistance level at 2.71. Check the full technical report for our detailed analysis of FUBO support and resistance levels.