Cheap FUBO Stock Price Trades at 52 Week Low, EPS is -3.09 

• FuboTV (FUBO) share price seems oversold in the community.
• NYSE:FUBO share price is consolidating within a narrow range.

American television streaming company- FuboTV has been consistently following the orders of the bears in the market. This company has been underperforming over a long period of time, and the Earnings Per Share (EPS) currently stands at -3.09 over that period.

The market capitalization as per the recent data was recorded at $337.91 million. As per the historical data of EPS, it has been continuously declining for the past several days. Due to the sharp selling, FUBO’s share price has declined by approximately 88.7% over the past 52 weeks.

Technical Chart Shows observes in Deep Trouble 

The NYSE: FUBO stock price action is making lower-highs and lower-lows formation in each time frame like weekly and below. Buyers have followed selling on rise so far in the past many months. Meanwhile, investors lost a vital hedge zone in December, resulting in, FUBO stock price lost 37.6% in a month. 

Stock split helped a lot in increasing the liquidity in the market. In the paper dated January 5, the trading volume stood at 5.019 million. Speculators saw low volatility this week, with an average weekly trading volume of 50.41 million.

FUBO share price has been trading under a narrow horizontal range since the past several days. Due to the sharp selloff, market sellers recorded the latest week’s low at $1.61 which turned into an important support level. However, this immediate support level was retested twice in the last few days.

In terms of daily price scale, NYSE:FUBO stock price is trading below all important moving averages. Buyers have reduced holdings heavily and further selling is likely if the digital asset price falls below $1.5.

The oversold RSI remains at 30 at that point of time. The indicators recovered from the oversold zone recently, suggesting a slight recovery in FUBO stock price. Similarly, the MACD recently witnessed a bullish crossover into the negative zone.

Conclusion

NYSE:FUBO is trading sideways after a sharp drop in share price. The $1.60 level has become a key demand zone if buyers want to protect themselves from another low.

Support level – $1.6 and $1.0

Resistance level – $2.3 and $4.0

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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