Coinbase Stock Technical Analysis: Signals, Trends Before Q4 Report

Coinbase Global Inc COIN, will be reporting its fourth-quarter earnings on Feb. 15. Wall Street expects 2 cents in EPS and $823.85 million in revenues.

The company is known for being one of the leading cryptocurrency exchanges in the world. It provides a user-friendly platform that allows individuals to buy, sell, and trade a variety of cryptocurrencies, including popular ones like Bitcoin BTC/USD, Ethereum ETH/USD, and Litecoin LITE/USD.

Coinbase Stock Technical Setup

The technical setup for Coinbase stock suggests a strongly bullish trend and positive momentum.

The share price is consistently above its 5, 20, and 50-day exponential moving averages, indicating robust buying pressure and favoring future bullish movements.

Additionally, the eight-day simple moving average, 20-day simple moving average, 50-day simple moving average, and 200-day simple moving average all suggest a “Buy” signal as the stock price ($160.38) exceeds these averages.

Similarly, the eight-day exponential moving average, 20-day exponential moving average, and 50-day exponential moving average all indicate a “Buy” signal.

However, it’s worth noting that the Moving Average Convergence Divergence (MACD) is -0.73, suggesting a “Sell” signal. The Relative Strength Index (RSI) is 72.81, indicating that Coinbase Global is currently overbought.

On the other hand, the Bollinger Bands ($25) and Bollinger Bands ($100) both suggest a “Buy” signal. Investors may want to consider these mixed signals and monitor the stock closely for potential shifts in momentum.

Also Read: Coinbase Q4 Earnings Preview: Analysts Estimates, Bitcoin ETF Impact, International Expansion And More

Ratings & Consensus Estimates: Consensus analyst ratings on Coinbase stock stand at a Buy currently with a price target of $98.56.

Price Action: Coinbase stock was trading at $160.38 at the close of trading day on Feb. 14.

Read Next: Why Coinbase Shares Are On A Tear Ahead Of Earnings