FUBOTV INC -CLASS A (FUBO) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:FUBO • US35953D1046
Taking everything into account, FUBO scores 0 out of 10 in our technical rating. FUBO 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 negative, as is the long term trend. There should be more interesting stocks out there.
- 93% of all other stocks performed better in the past year than FUBO.
- FUBO is one of the lesser performing stocks in the Interactive Media & Services industry. 72% of 70 stocks in the same industry do better.
- FUBO 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 FUBO has a been trading in the 2.20 - 2.79 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.
- FUBO has an average volume of 11105100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of FUBO 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
2.21
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.38 to 2.44. 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 2.71 to 2.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.21 from a trend line in the daily time frame.
- Resistance @3.95 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 | 7.2 | NEGATIVE | FUBO has a low relative strength, it was outperformed by 92.8% 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) | 30.76 | NEUTRAL | The RSI value for FUBO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FUBO has a negative trend. |
| Stochastics (14,3) | 15.38 | OVERSOLD | The low Stochastics value suggests FUBO may be oversold. |
| Average True Range in percent/ATR (20) | 5.66 | HIGH VOLATILITY | The high ATR as a percentage value for FUBO suggests high volalility. |
| Average Directional Index/ADX (14) | 22.68 | NEUTRAL | The ADX value for FUBO suggests a possible start of a new trend. |
2.23
-0.08 (-3.46%)
FUBOTV INC -CLASS A / FUBO FAQ
What is the technical rating for FUBO stock?
ChartMill assigns a technical rating of 0 / 10 to FUBO.
What is the trend direction for 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 30.7607. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FUBOTV INC -CLASS A?
The MACD indicator for FUBOTV INC -CLASS A (FUBO) has a value of -0.0163691, indicating a bearish trend.
What are the support and resistance levels for FUBOTV INC -CLASS A (FUBO) stock?
FUBOTV INC -CLASS A (FUBO) has a resistance level at 2.38. Check the full technical report for our detailed analysis of FUBO support and resistance levels.