Executive Summary:
As a Senior Technical Analyst on Wall Street, it is crucial to analyze Coinbase Global (COIN) from the perspective of institutional ownership and insider trading. Understanding these aspects can provide valuable insights into the stock's potential future performance.
Technical Analysis:
Currently, the real-time price of COIN is $269.73. Based on technical analysis, the stock has strong support at $250 and resistance at $290. If COIN breaks above $290, it could potentially rally towards $320. On the flip side, if it drops below $250, the next support level is around $230.
Price Targets for COIN:
| Year | Price Target |
|---|---|
| 2025 | $350 |
| 2026 | $400 |
| 2027 | $450 |
Conclusion:
Based on the analysis of institutional ownership and insider trading, along with the technical analysis, I recommend a buy on COIN. The stock shows potential for growth, especially if it can break above the $290 resistance level. Keep an eye on key support and resistance levels to make informed trading decisions.