Coinbase — managed decline, earnings this week
Coinbase up 0.7%, yet sellers tighten their grip: 84% of volume on the sell side
Coinbase — managed decline, earnings this week
Our view last week
Coinbase's decline is slowing: after last week's 3.9% drop, this week shed just 1.2%, though money flow is digging deeper into distribution and sellers remain in charge, with 71% of the week's volume. Price stays boxed between the 157 and 158 areas; the short, under management for six weeks, is still down 3.1%. With earnings due in about two weeks, caution stays the watchword.
This week's summary
In our technical analysis of Coinbase stock, the week closes almost flat, up 0.7%, but under the surface sellers are tightening their grip: 84% of volume came on the sell side, up from 71% the week before, and the last candle shows sellers extremely dominant, with buyers collapsing. Money flow stays in distribution, though slightly less negative than 7 days ago. With earnings due this very week, volatility could pick up fast.
IQS Phase
58
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#130 / 141
US stocks
Trade P&L %
-3.86%
from signal to today
Rank position
ranks 130th among the 141 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly +0.09% · monthly +4.82%
COIN belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content