Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>SQ stock lost over 28% of its trading price in the past six months time frame.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Block, Inc. reported 8% more revenue than estimated figures in Q2, 2023.&nbsp;</a> </li> 
 <li> <span>3</span> <a>The buyers’ accumulation on the histogram suggests a possible buying is expected.&nbsp;</a> </li> 
</ul> 
<p>SQ stock seems to be struggling in the yearly time frame. Earlier, on the same day, the stock was trading above $65. At the time of publication, Block, Inc. stock was trading at $58.17 after losing $7.13 of its trading price.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-sq-stock-price-analysis-strong"><strong>SQ Stock Price Analysis</strong></h2> 
<p>Despite a weekly surge of 5%, SQ stock lost 20.71% of its trading price at press time; it was trading below its annual price target of $84.87. Block, Inc. has a market capitalization of $35.488 Billion compared to 2022, a slight decline of 5.57% is seen in the market cap.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/Ob_Z1zuIKjkHo9bhNM0JU-RrP227cY6jvhZcT_CmrkZ7CU_nS0zN1z5xn18RqiE8Emyeo00T4x5wKExaNfVtJ-KYtY-4QMdoPvHFUc0_n8o507CTLOc_k2DNDR5IdRpgqq3ERpmr_1ohR8TTPh5uDH4" alt="Block, Inc.: SQ Stock Lost $10 Post Positive Earning Release"> 
  <figcaption class="wp-element-caption">
    Source: SQ stock price chart from <a href="https://www.tradingview.com/x/fWWcyxYx/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
 </figure> 
</div> 
<p>In the 52-week time frame, SQ stock’s highest trading price was $89.97 and its lowest trading price was $51.34. Block, Inc. stock price seems to be trading below 20-day EMA which indicates that a major decline over the past six months has impacted the price.&nbsp;</p> 
<p>The MACD indicators suggest that a major buying momentum is expected in the coming weeks and the histogram reflects that buyers’ accumulation is seen above the signal line.&nbsp;</p> 
<p>At the time of writing this article, the SQ stock RSI indicator suggests that the trendline is taking a U-turn and is constantly heading towards the buyers’ region. Despite positive earnings and EPS a major decline in SQ trading price was seen on the August 4 trading session.&nbsp;</p> 
<p>If buyers fail to dominate sellers in the coming session then there are possibilities that SQ stock price today, might face immediate support of $55.26 and following support of $54.51.&nbsp;</p> 
<p>If the buyer’s accumulation present on the histogram reacted in a positive manner then a buying momentum is expected. The nearest resistance visible is $60.49 and the following resistance of $62.41.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels&nbsp;&nbsp;&nbsp;</strong></h3> 
<p><strong>Major Support: </strong>$55.26 and $54.51&nbsp;</p> 
<p><strong>Major Resistance: </strong>$60.49 and $62.41</p> 
<h3 class="wp-block-heading" id="strong-block-inc-financial-updates-strong"><strong>Block, Inc. Financial Updates&nbsp;&nbsp;</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/08/28/block-stock-will-sq-stock-price-recover-from-52-week-low/" rel="noopener noreferrer nofollow">Block, Inc.</a> released its earnings on August 3, for Q2, 2023 the company was supposed to report $5.10 Billion in revenue, impressing its investors the company reported 8.47% more revenue.&nbsp;</p> 
<p>As per estimates, the expected EPS of the company for Q2 was positive 0.36, and the reported EPS was positive 0.39. The company is yet to release its third and fourth quarter revenue and the estimates say that Q3 revenue should be around $5.41 Billion and Q4 $5.56 Billion.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>The histogram above MACD suggests that buyers are constantly trying to re-establish their positions. If buyers succeed in dominating the trading volume then there are expectations that SQ stock might soon cross the hurdle of $60.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Block, Inc.: SQ Stock Lost $10 Post Positive Earning Release

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Thecoinrepublic.com

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