Coinbase Global Stock Technical Analysis

COIN Stock  USD 225.23  0.04  0.02%   
As of the 21st of May, Coinbase Global shows the Downside Deviation of 4.68, risk adjusted performance of 0.0722, and Mean Deviation of 4.54. Coinbase Global technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for Coinbase Global, which can be compared to its peers. Please confirm Coinbase Global information ratio, as well as the relationship between the potential upside and kurtosis to decide if Coinbase Global is priced correctly, providing market reflects its regular price of 225.23 per share. Given that Coinbase Global has jensen alpha of 0.398, we suggest you to validate Coinbase Global's prevailing market performance to make sure the company can sustain itself at a future point.

Coinbase Global Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Coinbase, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Coinbase
  
Coinbase Global's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Coinbase Global Analyst Consensus

Target PriceAdvice# of Analysts
88.29Buy24Odds
Coinbase Global current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Coinbase analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Coinbase stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Coinbase Global, talking to its executives and customers, or listening to Coinbase conference calls.
Coinbase Analyst Advice Details
Coinbase Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Coinbase Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Coinbase Global trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Coinbase Global Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Coinbase Global volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Coinbase Global Trend Analysis

Use this graph to draw trend lines for Coinbase Global. You can use it to identify possible trend reversals for Coinbase Global as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Coinbase Global price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Coinbase Global Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Coinbase Global applied against its price change over selected period. The best fit line has a slop of   0.4  , which may suggest that Coinbase Global market price will keep on failing further. It has 122 observation points and a regression sum of squares at 6182.22, which is the sum of squared deviations for the predicted Coinbase Global price change compared to its average price change.

About Coinbase Global Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Coinbase Global on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Coinbase Global based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Coinbase Global price pattern first instead of the macroeconomic environment surrounding Coinbase Global. By analyzing Coinbase Global's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Coinbase Global's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Coinbase Global specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Days Sales Outstanding21.2953.1149.9653.06
PTB Ratio8.591.446.536.2

Coinbase Global May 21, 2024 Technical Indicators

Most technical analysis of Coinbase help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Coinbase from various momentum indicators to cycle indicators. When you analyze Coinbase charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Coinbase Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coinbase Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Coinbase Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Coinbase Global Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coinbase Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in Coinbase Stock, please use our How to Invest in Coinbase Global guide.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Coinbase Stock analysis

When running Coinbase Global's price analysis, check to measure Coinbase Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coinbase Global is operating at the current time. Most of Coinbase Global's value examination focuses on studying past and present price action to predict the probability of Coinbase Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coinbase Global's price. Additionally, you may evaluate how the addition of Coinbase Global to your portfolios can decrease your overall portfolio volatility.
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Is Coinbase Global's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coinbase Global. If investors know Coinbase will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coinbase Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
3.27
Earnings Share
5.11
Revenue Per Share
15.832
Quarterly Revenue Growth
1.156
Return On Assets
0.001
The market value of Coinbase Global is measured differently than its book value, which is the value of Coinbase that is recorded on the company's balance sheet. Investors also form their own opinion of Coinbase Global's value that differs from its market value or its book value, called intrinsic value, which is Coinbase Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coinbase Global's market value can be influenced by many factors that don't directly affect Coinbase Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coinbase Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Coinbase Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coinbase Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.