Coinbase Stock Forecast

Sell candidate since Jan 14, 2025 Gain 7.66%

The Coinbase stock price gained 7.66% on the last trading day (Wednesday, 15th Jan 2025), rising from $255.37 to $274.93. During the last trading day the stock fluctuated 5.25% from a day low at $264.44 to a day high of $278.32. The price has been going up and down for this period, and there has been a 7.58% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately $2.48 billion.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.27% during the next 3 months and, with a 90% probability hold a price between $286.95 and $454.04 at the end of this 3-month period.

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COIN Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Coinbase stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $288.74. On a fall, the stock will find some support from the short-term average at $264.63. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, December 06, 2024, and so far it has fallen -19.99%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Coinbase stock

Coinbase finds support from accumulated volume at $270.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $13.88 between high and low, or 5.25%. For the last week, the stock has had daily average volatility of 5.14%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (COIN) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect Coinbase Global, Inc. to open at $272.56, and during the day (based on 14 day Average True Range), to move between $255.99 and $293.87, which gives a possible trading interval of +/-$18.94 (+/-6.89%) up or down from last closing price. If Coinbase Global, Inc. takes out the full calculated possible swing range there will be an estimated 13.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $270.74 (1.52%) than the resistance at $284.72 (3.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Coinbase Global, Inc. stock A Buy?

Coinbase holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.665 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on January 16, 2025 - $272.56 ( 0.86%).