IBP Stock +106.23% Since Nov ’07 Pick IBP Stock +106.23% Since Nov ’07 Pick Unlock Top Buy Picks
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of COIN
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Coinbase stock price took a fall of -6.56% on Friday
(Updated on Apr 12, 2024)

Buy or Hold candidate since Feb 14, 2024 Gain 53.23% PDF

The Coinbase stock price fell by -6.56% on the last day (Friday, 12th Apr 2024) from $263.01 to $245.75. During the last trading day the stock fluctuated 6.41% from a day low at $244.31 to a day high of $259.97. The price has fallen in 6 of the last 10 days and is down by -7.31% for this period. Volume has increased on the last day by 352 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 million shares were bought and sold for approximately $2.18 billion.

Given the current short-term trend, the stock is expected to rise 124.29% during the next 3 months and, with a 90% probability hold a price between $551.18 and $711.36 at the end of this 3-month period.

Check out how to make money doing surveys! Ad

COIN Signals & Forecast

A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -12.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Coinbase stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $250.03. On a fall, the stock will find some support from the long-term average at approximately $240.09. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Coinbase stock

On the downside, the stock finds support just below today's level from accumulated volume at $229.15 and $216.77. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Coinbase finds support just below today's level at $229.15. If this is broken, then the next support from accumulated volume will be at $216.77 and $200.80.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $15.66 between high and low, or 6.41%. For the last week, the stock has had daily average volatility of 6.19%.

Our recommended stop-loss: $234.05 (-4.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (COIN) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Coinbase Global, Inc. to open at $250.01, and during the day (based on 14 day Average True Range), to move between $228.31 and $263.19, which gives a possible trading interval of +/-$17.44 (+/-7.10%) up or down from last closing price. If Coinbase Global, Inc. takes out the full calculated possible swing range there will be an estimated 14.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $251.73 (2.43%) than the support at $229.15 (6.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Coinbase Global, Inc. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.223 Buy Candidate Unchanged

Predicted Opening Price for Coinbase Global, Inc. of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$250.01 ( 1.73%) $245.75

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for COIN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 265.67 8.11 %
R2 259.69 5.67 %
R1 255.99 4.17 %
Current price: 245.75
Support S1 244.03 -0.701 %
S2 240.33 -2.20 %
S3 234.35 -4.64 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 256.62 4.42 %
R2 254.17 3.43 %
R1 251.73 2.43 %
Current price 245.75
Support S1 229.15 -6.75%
S2 216.77 -11.79%
S3 200.80 -18.29%

FAQ

What is the symbol for Coinbase Stock and on which exchange is it traded?
The symbol for Coinbase is COIN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Coinbase Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy Coinbase Stock?
Coinbase Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Coinbase Stock.

What's the current price of Coinbase Stock?
As of the end of day on the 2024-04-12, the price of an Coinbase (COIN) share was $245.75.

What is the 52-week high and low for Coinbase Stock?
The 52-week high for Coinbase Stock is $283.48 and the 52-week low is $46.45.

What is the market capitalization of Coinbase Stock?
As of the 2024-04-12, the market capitalization of Coinbase is 59.572B.

When is the next earnings date for Coinbase?
The upcoming earnings date for Coinbase is May 02, 2024.
Click to get the best stock tips daily for free!

About Coinbase Global, Inc.

Coinbase Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment. ... COIN Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT