COINBASE GLOBAL INC -CLASS A (COIN) Technical Analysis
NASDAQ:COIN • US19260Q1076
Current stock price
COIN Technical Rating and Analysis
Overall COIN gets a technical rating of 0 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 negative, as is the long term trend. There should be more interesting stocks out there.
- 83% of all other stocks performed better in the past year than COIN.
- COIN is part of the Capital Markets industry. There are 240 other stocks in this industry, of which 64% are performing better 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.
- COIN has an average volume of 13192800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month COIN has a been trading in the 158.46 - 213.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
COIN Weekly and Daily overview Charts
COIN Setup Rating and Analysis
COIN 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
COIN Support and Resistance Analysis
158.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 179.08 to 181.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @175.19 from a horizontal line in the daily time frame.
- Support @166.51 from a trend line in the daily time frame.
- A support zone ranging from 160.24 to 161.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 189.79 to 190.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @197.51 from a horizontal line in the weekly time frame.
COIN Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for COIN is down. |
| ChartMill Relative Strength | 17.66 | NEGATIVE | COIN has a low relative strength, it was outperformed by 82.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of COIN is above a declining 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) | 45.87 | NEUTRAL | The RSI value for COIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests COIN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.99 | NEUTRAL | The Stochastics value for COIN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.3 | HIGH VOLATILITY | The high ATR as a percentage value for COIN suggests high volalility. |
| Average Directional Index/ADX (14) | 18.11 | NEGATIVE | The low ADX value for COIN suggests a weak or negative trend. |
COIN Chart- and CandleStick Pattern Analysis
COIN Technicals: Chart, Performance Metrics, Trend & Indicators
184.41
+9.88 (+5.66%)
COINBASE GLOBAL INC -CLASS A / COIN TA FAQ
What is the ChartMill technical rating of COINBASE GLOBAL INC -CLASS A (COIN) stock?
ChartMill assigns a technical rating of 0 / 10 to COIN.
What is the trend direction for COIN stock?
The current trend direction for COINBASE GLOBAL INC -CLASS A (COIN) is Bearish.
Can you provide the RSI signal for COINBASE GLOBAL INC -CLASS A?
COINBASE GLOBAL INC -CLASS A (COIN) has an RSI value of 45.8706. This indicates that the stock is currently neutral.
Can you provide the short term momentum for COINBASE GLOBAL INC -CLASS A?
The short term momentum for COINBASE GLOBAL INC -CLASS A (COIN) is negative.
Can you provide the buy/sell signal for COINBASE GLOBAL INC -CLASS A?
The buy/sell signal for COINBASE GLOBAL INC -CLASS A (COIN) is sell as both the short term and long term trends are negative.