Coinbase Stock Technical Analysis: Signals, Trends Before Q4 Report
Portfolio Pulse from Surbhi Jain
Coinbase Global Inc (NASDAQ:COIN) is set to report its Q4 earnings on Feb. 15, with Wall Street expecting 2 cents in EPS and $823.85 million in revenues. The technical analysis shows a strongly bullish trend for COIN, with most indicators suggesting a 'Buy' signal despite a 'Sell' signal from the MACD and an overbought RSI. Analyst consensus rates COIN as a Buy with a price target of $98.56.
February 15, 2024 | 3:32 pm
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Coinbase Global Inc is expected to report Q4 earnings with a bullish technical setup, despite mixed signals from MACD and RSI. Analysts maintain a Buy rating with a price target of $98.56.
The bullish technical setup and positive analyst ratings suggest a potential short-term price increase for COIN. However, caution is advised due to the mixed signals from MACD and RSI.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100