April

Million

Resistance

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>FUBO stock price surged 6.72% intraday on Tuesday and closed at $2.70.&nbsp;</a></li>
 <li><span>2</span> <a>FUBO stock shows a consolidation of over 33 intraday sessions near the key EMAs.</a></li>
 <li><span>3</span> <a>Fubotv Inc. is yet to announce quarterly results on Friday, 3rd November.&nbsp;</a></li>
</ul>
<p>Fubotv Inc. (FUBO) stock price witnessed a consolidation of over thirty intraday sessions near the key EMAs of the 50-day and the 200-day EMA. The short-term outlook indicates the neutral to bullish side. The Fuboo stock price is trying to shift the long-term trend to the bullish side and has taken multiple bounces from positive trendline support.</p>
<p>The company is yet to announce quarterly results on 3rd November, 2023 which may have a major impact on the stock price. The Wall Street analysts are expecting the company to show growth and deliver results better than the last quarter. The analysts are expecting a revenue of $286.17 Million and earnings of negative $0.318 Million.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-fubo-stock-price-trend-analysis-over-daily-chart-strong"><strong>FUBO Stock Price Trend Analysis Over Daily Chart</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-550.png" alt="FUBO Stock Price Forecast: Short-Term And Long-Term Outlook&nbsp;" class="wp-image-176732" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-550.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-550-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-550-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-550-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-550-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-550-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-550-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
 </figure>
</div>
<p>The price trend analysis over the daily chart illustrates that the Fubo stock price has been struggling to surge and shift the long trend on the bullish side for the last two quarters. The stock price bottomed out near a low of $1 at the end of April and started gaining from the beginning of May month.&nbsp;</p>
<p>Since then the stock price has been up by 109% and is trying to sustain at the upper levels to shift the trend in the favor of bulls. The technical indicators imply that the 200-day EMA has turned out to be a major resistance to the stock price and is halting further price hikes.<br><br>The breakout of the 200-day EMA over the daily chart may unlock major upside potential and the stock price might turn optimistic in the coming sessions. However, the breakout requires to be dominated by bulls and requires to be sustained at the upper levels otherwise it may turn into a fake breakout.&nbsp;&nbsp;&nbsp;&nbsp;</p>
<p>Analysts offering a 1-year price forecast for Fubotv Inc. have a maximum estimate of $5 with an upside potential of 85.19% and a minimum estimate of $3.0 with an upside potential of 11.11%.</p>
<h2 class="wp-block-heading" id="strong-fubo-stock-price-analysis-over-weekly-timeframe-strong"><strong>FUBO Stock Price Analysis Over Weekly Timeframe</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-551.png" alt="FUBO Stock Price Forecast: Short-Term And Long-Term Outlook&nbsp;" class="wp-image-176733" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-551.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-551-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-551-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-551-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-551-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-551-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-551-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: Fubotv Inc.&nbsp; 1W. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>&nbsp;The price trend analysis over the weekly chart illustrates that the <a href="https://www.thecoinrepublic.com/2023/10/12/fubo-stock-forecast-will-fubotv-break-above-the-200-day-ema/" rel="noopener noreferrer nofollow">Fubo stock</a> price witnesses the formation of an inverted head and shoulders pattern with the price currently busy in the formation of the right shoulder of the pattern.&nbsp;&nbsp;</p>
<p>The neckline of the inverted head and shoulders pattern is the next resistance level of $3.26. The breakout above the neckline may turn the trend optimistic in the long term and the price may surge to the upper swing levels.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-fubo-stock-price-analysis-over-monthly-timeframe-strong"><strong>FUBO Stock Price Analysis Over Monthly Timeframe</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-552.png" alt="FUBO Stock Price Forecast: Short-Term And Long-Term Outlook&nbsp;" class="wp-image-176734" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-552.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-552-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-552-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-552-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-552-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-552-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-552-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source:Fubotv Inc.&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The Fubo stock monthly chart elaborates that the stock price witnessed a sharp selling below the key moving average of the 50-day EMA. The stock price fell continuously for seven months thus dropping from a high of $20 to a low of $2.5 From November 2021 to June 2022.&nbsp;</p>
<p>Currently, the stock price forms an Inverted head and shoulders pattern, the breakout of which may initiate a long-term bullish trend. The stock price has an upside potential of 520% till the 50-day EMA as per the monthly chart.&nbsp;</p>
<p>The overall technical opinion rating including RSI and MACD is signaling a 90% “buy” with the strengthening short-term outlook on maintaining the current direction.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p><a href="https://www.thecoinrepublic.com/2023/10/18/len-stock-forecast-can-nyse-len-thrust-upward-reach-150/" target="_blank" rel="noopener noreferrer nofollow">Fubotv Inc.</a> (FUBO) stock has been consolidating near the key EMAs and is trying to break out of the 200-day EMA resistance. The company is expected to report better quarterly results on November 3, 2023.&nbsp;</p>
<p>The price trend analysis witnesses the formation of an inverted head and shoulders pattern on the weekly and monthly charts, which may signal a bullish trend reversal if the neckline is breached.&nbsp;</p>
<p>The stock price has an upside potential of over 500% on the monthly charts to reach a 50-day EMA in the long term over the monthly chart.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support levels:</strong> $2.31 and $1.96</li>
 <li><strong>Resistance levels:</strong> $2.80 and $3.26</li>
</ul>
<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 and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

FUBO Stock Price Forecast: Short-Term And Long-Term Outlook

Table of Contents

Thecoinrepublic.com

Other articles published on Oct 18, 2023

Bitcoin Prices Retain Strength After Binance.US Halts Dollar Withdrawals

Ultiledger (ULT) Price Prediction 2024, 2025, 2030, 2040, and 2050

Notre Dame Professor Reveals FTX's Financials: "It Must've Come from Customer Funds"

Hong Kong’s confidence in crypto sours amid JPEX scandal

Constellation (DAG) Price Prediction 2024, 2025, 2030, 2040, and 2050

Callisto Network Insider - August & September 2023

Join our free newsletter for daily crypto updates!