FUBOTV INC -CLASS A (FUBO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FUBO - US35953D1046 - Common Stock
Overall FUBO gets a technical rating of 0 out of 10. 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.
- When comparing the yearly performance of all stocks, FUBO is a bad performer in the overall market: 91% of all stocks are doing better.
- FUBO is one of the lesser performing stocks in the Interactive Media & Services industry. 65% of 70 stocks in the same industry do better.
- FUBO 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.
- FUBO has an average volume of 13228200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month FUBO has a been trading in the 2.42 - 2.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, FUBO does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for FUBO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.40
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.54 to 2.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.47 from a horizontal line in the daily time frame.
- Support @2.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.64 from a horizontal line in the daily time frame.
- Resistance @3.39 from a trend line in the daily time frame.
- Resistance @3.99 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 | 9.91 | NEGATIVE | FUBO has a low relative strength, it was outperformed by 90.09% 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) | 41.08 | NEUTRAL | The RSI value for FUBO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FUBO has a positive trend. |
| Stochastics (14,3) | 49.08 | NEUTRAL | The Stochastics value for FUBO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.44 | MEDIUM VOLATILITY | The ATR as a percentage value for FUBO suggests some volalility. |
| Average Directional Index/ADX (14) | 28.63 | POSITIVE | The high ADX value value for FUBO suggests a strong trend. |
2.57
-0.06 (-2.28%)
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 41.0771. 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 0.0309065, 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 support level at 2.55 and a resistance level at 2.64. Check the full technical report for our detailed analysis of FUBO support and resistance levels.