Coinbase Global, Inc. is the holding company for Coinbase, Inc. and its subsidiaries, providing a platform for users to discover, trade, stake, store, spend, earn, and use crypto assets. It offers products and services tailored to three customer groups: consumers (individual retail users trading and engaging in on-chain activities), institutions (market makers, asset managers, hedge funds, banks, wealth platforms, registered investment advisors, payment platforms, corporations), and developers (developers, creators, merchants, crypto asset issuers, organizations, and financial institutions building decentralized protocols and applications).
When researching a stock like COIN, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from COIN Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for COIN stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting COIN RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue. |
1.93
10 Most Oversold S&P 500 Stocks
Free COIN Email Alerts:
Video: RSI Indicator