COINBASE GLOBAL INC -CLASS A (COIN) Stock Technical Analysis
NASDAQ:COIN - Nasdaq - US19260Q1076 - Common Stock - Currency: USD
Taking everything into account, COIN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, COIN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
COIN is part of the Capital Markets industry. There are 235 other stocks in this industry. COIN outperforms 95% of them.
COIN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so COIN is lagging the market slightly.
COIN has an average volume of 15952400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that COIN is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month COIN has a been trading in the 334.00 - 444.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although COIN has an excellent technical rating, it does not offer a high 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
291.85
401.79
When analyzing the support we can see 2 important areas.
- A support zone ranging from 397.80 to 397.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @294.80 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for COIN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COIN is up. |
| ChartMill Relative Strength | 95.1 | POSITIVE | COIN has a high relative strength, it outperformed 95.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COIN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COIN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COIN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.45 | NEUTRAL | The RSI value for COIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.2 | NEGATIVE | The MACD value suggests COIN has a negative trend. |
| Stochastics (14,3) | 61.86 | NEUTRAL | The Stochastics value for COIN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for COIN suggests high volalility. |
| Average Directional Index/ADX (14) | 42.47 | POSITIVE | The high ADX value value for COIN suggests a strong 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)
397.81
-6.63 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.64%
1 Week-0.1%
2 Weeks6.41%
1 Month15.37%
3 Month89.76%
6 Month33.49%
12 Month63.75%
2 Year303.42%
3 Year531.85%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)20.36
ATR(20)%5.28%
ATR Inc8.92%
Range Today13.6
ADR(20)20.29
ADR(20)%5.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.1
Mansfield4.94
10 Day High444.65
10 Day Low369
20 Day High444.65
20 Day Low334
52 Week High444.65
52 Week Low142.58
CS1 End397.8
CR1 StartN/A
Volume & EV
DER(3)-0.75%
DER(5)0.23%
Volume12.43M
Volume Incr-2.25%
Vol(5)17.78M
Vol(50)15.95M