Show

Million

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>FUBO stock price surged over 7.59% on 24th October and closed at $2.55.&nbsp;</a></li>
 <li><span>2</span> <a>Fubotv Inc. stock price hovers in a symmetrical triangle pattern and has reached a make-or-break level.&nbsp;</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 surged 7.59% on Tuesday after taking a rebound from a positive trendline support on Monday. The FUBO price jumped 11% in the last two intraday sessions. The price hike from the lower trendline has showcased the presence and dominance of bulls at the lower levels.&nbsp;</p>
<p>Moreover, the price action analysis for the Fubotv stock in the current quarter shows that the bulls and bears seemed to be fighting each other. Neither of the bulls or bears are dominating, thus, making the price volatile and non-directional.&nbsp;</p>
<p>However, the last two quarters went well for the Fubotv investors as the stock price gained after bottoming out near the $1 level. The price kept gaining till it broke out above the 200-day EMA and reached near the $4 level. The 50-day EMA kept on supporting the price.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/Ei2jmiXndf0E4zjx0EUlXp5iUSAgRVHBEg68J_9gGTYrudt--4fmreZmEWXgtzWJ6ifYT7Lw2xn5S4NssKMjiY66znhLJeTbznRhyK8iWViQpl4XvO06y1QfVEDbdJ5GstM8yAV3ivMl-0qwNqtZBo4" alt="Fubotv Stock At A Make or Break Level, Who Will Dominate?&nbsp;&nbsp;&nbsp;">
  <figcaption class="wp-element-caption">
   Source: barchart.com
  </figcaption>
 </figure>
</div>
<p>FUBO stock option-chain analysis states that the current implied volatility in the market is 108.65% with a decrement of 1.89% in the last trading session. The at-the-money strike has an OI of 1,002 on the PUT side and 4,015 on the CALL side indicating the dominance of sellers at the CMP.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-fubo-stock-price-shows-formation-of-symmetrical-triangle-pattern-strong"><strong>FUBO Stock Price Shows Formation of Symmetrical Triangle Pattern</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/aLX2L5ciu3MSGgI-QsYZKu8QWHWJ2xaeTE1oPfYdILyOY2QYgJhTsYraKPKr83TkAJkOMCa7fW3kk0xu9jEVbRTupcy1GlL75N1qXI2GRTAYt6VXJFMdRfMVECc6spnTB9tS97Pt8JyBCyMWzABxpng" alt="Fubotv Stock At A Make or Break Level, Who Will Dominate?&nbsp;&nbsp;&nbsp;">
  <figcaption class="wp-element-caption">
   Source: Fubotv&nbsp; 1D. NYSE By TradingView
  </figcaption>
 </figure>
</div>
<p>Currently, the Fubotv share price forms a symmetrical triangle pattern and is experiencing a short-term correction phase. The price range has contracted enough to make a blast on either side.&nbsp;</p>
<p>The breakout of the pattern may resume the long-term trend and the price may reach the upper levels of $4 and $5.<br><br>On the other hand, the breakdown below the lower trendline of the symmetrical triangle pattern may shift the price trend on the negative side and the stock price may experience a drawdown.&nbsp;</p>
<p>Also, the company is yet to announce quarterly results on Friday, 3rd November that may impact the price trend. The Wall Street analysts are estimating a revenue of $286.13 Million and the estimated earnings are negative $0.318 Million.</p>
<h3 class="wp-block-heading" id="strong-technical-indicators-show-volatility-in-the-short-run-strong"><strong>Technical Indicators Show Volatility in The Short Run</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/V0VyNY2loeCSXxS4LeGw1mee5KmUuN1RjB1nSzK4eplOI69mD1FxoycXHdl4_5SBeoPu69xRWkZOb4Rnruk3_fdt3D69N_5IBOXEYmKy2wA6omnkQnI4q0mhzMS_3SJrwXLqfTiRFBmlVqQBG_vFbMA" alt="Fubotv Stock At A Make or Break Level, Who Will Dominate?&nbsp;&nbsp;&nbsp;">
  <figcaption class="wp-element-caption">
   Source: Fubotv&nbsp; 1D. NYSE By TradingView&nbsp;
  </figcaption>
 </figure>
</div>
<p>The overall technical opinion rating including RSI and MACD signals a 90% “buy” with the strongest short-term outlook on maintaining the current direction.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p><a href="https://www.thecoinrepublic.com/2023/10/12/fubo-stock-forecast-will-fubotv-break-above-the-200-day-ema/" rel="noopener noreferrer nofollow">Fubotv stock</a> price rose 7.59% on Tuesday after bouncing from a support trendline on Monday. The price increased 11% in two days. The price action in the current quarter shows a symmetrical triangle pattern, indicating a possible breakout or breakdown soon.&nbsp;</p>
<p>The long-term trend is bullish but the short-term trend is uncertain. The quarterly results on Friday, 3rd November may affect the price direction. The analysts expect a revenue of $286.13 Million and earnings of negative $0.318 Million.</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>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<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.&nbsp;</p>

Fubotv Stock At A Make or Break Level, Who Will Dominate?

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Thecoinrepublic.com

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