Coinbase Stock Soars 108% In A Year – Here's What Charts Say Before Q4 Earnings

Coinbase Global Inc COIN will be reporting its fourth-quarter earnings on Thursday. Wall Street expects $1.81 in EPS and $1.83 billion in revenues as the company reports after market hours.

The stock is up 108.50% over the past year, 13.80% YTD.

Let’s look at what the charts indicate for Coinbase stock and how the stock maps against Wall Street estimates.

Read Also: Top Wall Street Forecasters Revamp Coinbase Price Expectations Ahead Of Q4 Earnings

COIN Stock Strongly Bullish Ahead Of Q4 Earnings

Chart created using Benzinga Pro

COIN stock, which is bullish ahead of its earnings release, is trading above its eight-day, 20-day, and 50-day simple moving averages, reinforcing the trend and indicating sustained buying pressure.

Additionally, COIN remains above its 200-day simple moving average of $234.57, a historically significant support level that suggests a bullish long-term outlook.

The Moving Average Convergence Divergence (MACD) indicator at a negative 0.47 suggests bearish momentum, while the Relative Strength Index (RSI) of 54.97 places the stock in neutral territory, indicating neither overbought nor oversold conditions.

If the stock fails to reclaim key short-term moving averages, further downside pressure could emerge. Investors should watch for a decisive move above resistance levels to confirm a continuation of the broader bullish trend.

Coinbase Analysts See 13% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Coinbase stock stands at a Buy with a price target of $274.65. Recent analyst ratings from Needham and HC Wainwright & Co. give COIN stock an average price target of $330, implying a 13.04% upside.

COIN Price Action: Coinbase stock was trading at $282.96 at the time of publication.

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