Resistance

Million

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>FUBO stock price surged approximately 10% in a single day after the release of Q3 earnings.</a> </li> 
 <li> <span>2</span> <a>Fubotv stock price is attempting to break out of the $3.00 hurdle.</a> </li> 
 <li> <span>3</span> <a>The quarterly earnings of Fubotv Inc. beat the EPS as well as revenue estimates.</a> </li> 
</ul> 
<p>FUBO stock price reacted positively and surged 10% in the last session after the release of Q3 earnings. The buying volume also increased rapidly which triggered the positive sentiment.&nbsp;</p> 
<p>Fubotv stock price broke out of the $2.70 hurdle and expanded the range in an upward direction. It seems that the downfall in the stock has taken a halt and the time for reversal has arrived.&nbsp;</p> 
<p>FUBO stock price managed to climb above both the 50-day and 200-day EMA. It shows that the trend of the stock is reversing upward. However, the confirmation will come when buyers give the follow-up momentum.&nbsp;</p> 
<p>In the last two months, Fubotv share price consolidated in a narrow range between $2.00 to $2.70. In the recent breakout, buyers succeeded in breaking out of the higher range which gave hope to its investors.&nbsp;</p> 
<p>Fubotv Inc. released the Q3 earnings on November 3, 2023. It reported an EPS of negative $0.29 and revenue of $311.822 Million. However, the EPS and revenue estimates were negative $0.321 and $286.175 Million respectively.&nbsp;</p> 
<p>The company beat the estimated EPS by 9.55% and revenue by 8.96%. The stock has reacted positively but the question is whether the price can hold the recent gains or not.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-fubo-stock-price-hold-the-recent-gains-strong"><strong>Will FUBO Stock Price Hold the Recent Gains?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="665" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-52.png" alt="FUBO Stock Price Surged 10%; Fubotv Inc Beats EPS Estimates in Q3" class="wp-image-179447" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-52.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-52-300x125.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-52-1024x426.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-52-768x319.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-52-1536x638.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-52-750x312.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-52-1140x474.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/TDWB8DUo/">NYSE: FUBO</a> daily chart by Tradingview
  </figcaption>
 </figure>
</div> 
<p>FUBO stock price displayed a doji candle denoting indecisiveness. Buyers succeeded in closing the price at $3.00 which is above the consolidation range.&nbsp;</p> 
<p>In the coming weeks, buyers can give the follow-up momentum and breakout of the $3.34 hurdle. Then, the probability of holding the gains will increase. Furthermore, 10% to 20% more upside will open.&nbsp;</p> 
<p>However, if Fubotv <a href="https://www.thecoinrepublic.com/2023/10/31/fubotv-stock-price-shed-over-10-will-the-bears-spell-trouble/" target="_blank" rel="noreferrer noopener">stock price</a> faces rejection from $3.34, then bears may pull it down to previous lows. The analysis suggests that bulls look more active as compared to bears, so, the probability of holding the gains is high.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-fubotv-stock-price-turning-bullish-on-weekly-time-frame-strong"><strong>Fubotv Stock Price Turning Bullish on Weekly Time Frame</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_05d20"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": "950",
  "height": "500",
  "symbol": "NYSE:FUBO",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "container_id": "tradingview_05d20"
}
  );
  </script> 
</div>  
<p>Fubotv stock price rose 33% in the previous week and formed a bullish engulfing candle on a weekly chart. Meanwhile, the broader market indices are recovering so it is also positively impacting the <a href="https://www.thecoinrepublic.com/2023/10/31/fubotv-stock-price-shed-over-10-will-the-bears-spell-trouble/" target="_blank" rel="noreferrer noopener">FUBO </a>stock.&nbsp;</p> 
<p>The MACD curve positively intersected with the average line indicating bullishness. The RSI at 64 slopes upward denoting strength and confidence of the bulls. The supertrend says, that till the price sustains above $2.21, the short-term trend will remain up.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>FUBO stock price surged 10% after the release of Q3 earnings. The buyers look more active as compared to sellers so upward momentum might continue in the coming week.&nbsp;</p> 
<p>The analysis suggests that Fubotv stock price displayed a fresh breakout so the possibility of holding the recent gains remains high.&nbsp;&nbsp;&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li>Resistance levels: $3.34 and $3.86</li> 
 <li>Support levels: $2.49 and $1.93</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. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

FUBO Stock Price Surged 10%; Fubotv Inc Beats EPS Estimates in Q3

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