Profit with Downtrend Protection: Earn 10.51% Swing Trading COIN
Swing Trader: Downtrend Protection (TA) Generates 10.51% for COIN
Bullish Trend Analysis
Following a period of downturn, COIN appears to be gathering momentum and moving towards a bullish trend. It has shown a series of promising signs, which indicate strong possibilities of an upward surge.
One of the key positive signals is the Movement of the Momentum Indicator above the 0 level on June 21, 2023. Historically, in 31 of 37 instances, such a shift has led to an escalation in the stock's value. Consequently, this could potentially be an opportune moment to adopt a long position or call options on COIN.
Further evidence pointing to the uptrend is the recent activity of COIN's Moving Average Convergence Divergence (MACD), which turned positive on June 20, 2023. When COIN's MACD displayed a similar pattern in the past, the stock's value continued to appreciate in 14 out of 17 instances.
Another bullish trend indicator is COIN's recent ascent above its 50-day moving average on June 23, 2023. This crossover represents a shift from a downward to an upward trend.
Adding to these indicators, the 10-day moving average for COIN crossed bullishly above the 50-day moving average on June 27, 2023. This intersection signals a potential buy opportunity, as it often precedes a continued uptrend in the stock's value, as observed in 7 of 8 past instances.
In the longer term, the 50-day moving average for COIN rose above the 200-day moving average on June 30, 2023, a sign that investors could be optimistic about a longer period of growth for the stock.
Building on this momentum, COIN registered a robust 3-day advance of +13.25%. Historical data from scenarios in which COIN advanced for three consecutive days show that in 92 of 113 cases, the price increased further within the following month.
Finally, the Aroon Indicator for COIN has recently signaled an uptrend. In the past, in 29 out of 39 instances, a similar uptrend signal from the Aroon Indicator correlated with a continued price surge over the next month.
These combined signals create a compelling case for a bullish outlook on COIN. As a swing trader, the 10.51% gain generated by the Downtrend Protection (TA) offers a valuable opportunity to capitalize on the forecasted uptrend.
COIN in upward trend: 10-day moving average moved above 50-day moving average on October 17, 2024
The 10-day moving average for COIN crossed bullishly above the 50-day moving average on October 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 14, 2024. You may want to consider a long position or call options on COIN as a result. In of 60 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
COIN moved above its 50-day moving average on October 14, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where COIN advanced for three days, in of 190 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 119 cases where COIN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for COIN moved out of overbought territory on October 21, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 20 similar instances where the indicator moved out of overbought territory. In of the 20 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for COIN moved below the 200-day moving average on September 20, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where COIN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
COIN broke above its upper Bollinger Band on October 18, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. COIN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.728) is normal, around the industry mean (5.680). COIN's P/E Ratio (681.378) is considerably higher than the industry average of (34.201). Projected Growth (PEG Ratio) (1.531) is also within normal values, averaging (2.610). COIN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.030). P/S Ratio (20.619) is also within normal values, averaging (111.256).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. COIN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 70, placing this stock worse than average.
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