COIN. Coinbase Global: Analyzing the Bullish Momentum and Navigating Short-Term Corrections.

Introduction: In this report, we delve into the weekly stock trends of Coinbase Global, which entered the Bullish zone since November 13th. The ongoing upward trajectory is expected to continue for the next two weeks. While a correction phase is anticipated from late November to early December, a brief adjustment period is likely before the weekly trend resumes its upward momentum, indicative of a potential Santa rally.

Market Analysis: With weakening buying strength and strengthening selling pressure expected in late November, a short correction period is foreseen. However, the overall weekly trend is likely to transition back to a Bullish zone after this brief adjustment, supporting a steady upward movement. Considering the sustained Bullish zone for an extended period, the overall trend direction appears to be consistently upward.

Investment Strategy: For medium to long-term investment strategies, a buy-and-hold approach seems favorable until early January. Based on last week's closing price, an estimated 20% increase is anticipated. With a correlation coefficient of approximately 71-75%, Coinbase's stock movement aligns closely with the overall market index. Given its sensitivity to market dynamics, close monitoring and strategic adjustments in response to significant market movements are advisable.

Risk Considerations: While individual stock projections align with the overall upward trend in the U.S. stock market, credibility diminishes in the event of a market downturn. It is crucial to acknowledge the inherent volatility and adjust investment strategies accordingly. Reflecting on these characteristics in investment strategies is deemed a prudent approach.

Conclusion: In conclusion, Coinbase Global presents a promising outlook with a sustained Bullish trend. However, investors should remain vigilant, especially considering the stock's correlation with broader market movements. A cautious and adaptable approach to investment strategies will likely yield favorable results in navigating the dynamic landscape of the U.S. stock market.


Nov 13, 2023

◆ Closed price

99.05

6.60%

　

　

◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy]

◆ This week's stock price Buy-Sell intensity analysis

The current trend appears to be 'Entering a correction trend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and an appropriate LOW-price compared to the current trend. Finally, the CLOSE-price closed with a weaker upward rate than the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

This week's buy intensity is

30%

 

 

◆ Next week's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like COIN stock is poised for an Uptrend next week

The %intensity of Risk & Return next week :

-5%

HIGH ~ LOW % range next week :

8.7%

-0.5%

Predicted Average return over the next 3 weeks:

18.4%

The price of COIN stock moves in line with the rise and fall of the stock market index with a probability of

75%

 

, and conversely, it moves against the stock market index trend with a probability of

25%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-week forecast may also change.

◆ COIN stock price 10 Week prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 weeks will follow a strong upward direction, with a ratio of 4 : 6 for the downward to upward direction, indicating a higher proportion of the upward trend. And, in terms of the expected strength of the upward and downward movements, the upward strength is somewhat higher, while the downward strength is moderate. Currently, it's about to begin a downtrend as a rebound trend gradually gives way to small increases and sharp declines. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate selling timing is predicted to be in 2 weeks.

The selling date is

Nov 20

to

Nov 27

A good price to sell a stock:

$ 111.60

And the appropriate buying timing is predicted to be in 4 weeks.

The buying date is

Dec 04

to

Dec 11

A good price to buy a stock:

$ 93.92

(Prediction may shift due to changes in the Buy-Sell intensity)

◆ Volatility of Prediction

Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility.

◆ Predicting the Turning Point of the Trend

The probability of a trend reversal occurring approximately 3 weeks from now, 6 weeks from now, 9 weeks from now

 

◆ Prediction of Upper~Lower price range over the next 10 weeks

Price:

93.73

~

119.58

% Change:

-5.4%

~

20.7%

Median price between the upper and lower prices

106.66

7.7%

◆ Analysis of the trend zone & level% and average intensity of trends

For the last 30 weeks, the average trend zone & level%

Bullish

7%

The Current trend zone & level%

Bullish

9%

The expected average trend zone & level% for the next 10 weeks

Bullish

35%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

51%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-37%

(Min -100%)

◆ Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 week: Uptrend

-5%

8.7%

-0.5%

In 2 weeks: Entering a correction trend

24%

11.6%

-1.4%

In 3 weeks: Entering a correction trend

-47%

1.6%

-7.2%

In 4 weeks: Correction trend

-46%

0.2%

-8.7%

In 5 weeks: Entering an uptrend

18%

4.6%

-6.8%

In 6 weeks: Entering an uptrend

92%

20.8%

1.6%

In 7 weeks: Uptrend

83%

11.8%

-2.1%

In 8 weeks: Entering a correction trend

39%

11.6%

-1.2%

In 9 weeks: Entering a correction trend

-41%

1.7%

-6.7%

In 10 weeks: Correction trend

-45%

0.8%

-6.6%

◆ Average closing price in case of rising:

 

14.6%

=> HIGH ~ LOW range:

22.1%

~

-5.3%

◆ Average closing price in case of falling:

 

-6.3%

=> HIGH ~ LOW range:

6.6%

~

-11.5%

The 10-week prediction and technical analysis of COIN stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.

 

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