ArvinIG
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Posts posted by ArvinIG
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Coinbase Q3 earnings - What to expect?
Coinbase will report its third quarterly results on November 9th. The market is expecting a double-digit decline in revenue and a downsized EPS at $1.79.
Source: BloombergCoinbase will report its quarterly results on November 9th. The report will be for the fiscal quarter ending September 2021.
What to expect from Coinbase’s Q3 results forecast
It’s never easy to forecast Coinbases’ earnings and this quarter will be another test. For the last two trailing quarters, the reported earnings both delivered a major surprise to investors. Last quarter was a glass dropping earnings beat with a positive 157% surprise to the EPS forecast. For Q3, which is widely expected to see shrinking earnings, the consensus EPS forecast for the third quarter is $1.79, only half to its Q2 earnings per share of $3.45.
Quarterly earnings suprise amount
Fiscal quarter end
Date reported
Earnings per share
Consensus EPS forecast
% Surprise
June 2021 08/10/2021 6.42 2.49 157.83 March 2021 05/13/2021 3.05 3.88 -21.39 Source: Nasdaq.com
It seems not a big surprise to market if a double-digit decline in revenue is to be disclosed from the report. A slide in both trading volume and active users is also expected on the card. Early this quarte wild volatility across the broad cryptocurrency sector is likely to weigh heavily on investor optimism and participation, based on Bloomberg’s data, market-wide cryptocurrency trading activity was down as much as 37% in the third quarter compared to the second, especially during July. Recovery has been seen towards the end of September but with a limited range to offset the loss from earlier. As a result, trading volumes is forecast to see over 30% drop from $462 billion in Q2 to $309 billion. Wall Street also expects total revenue to come in at $1.57 billion. That would represent a 548% dramatic jump from one year ago, although down from the record $2.22 billion booked in the second quarter.
Competition growth within the booming cryptocurrency community is also expected to have a squeeze on Coinbase’s MTU (Monthly Transaction Users) growth and profitability. Coinbase Global Inc's MTU base has experienced an explosive growth year. The number of MTU has turned 5.8 times from 1.5 million in Q2, 2020 to 8.8 million in Q2 this year. However, Q3 may see a pullback from this strong growth. The number of MTU is estimated to slip to 7.1million but the verified users are expected to grow from 68 million to 72 million.
Source: Nasdaq.com
Fiscal quarter end
Consensus EPS forecast
High EPS forecast
Low EPS forecast
Number of estimates
September 2021 1.79 2.29 1.35 6 December 2021 1.82 2.75 0.88 5 March 2022 2.06 2.94 0.98 4 June 2022 1.85 2.96 0.87 4 September 2022 1.73 3.03 0.73 4 Source: Nasdaq.com
Coinbase share price technical analysis
Q3 may not be the best quarter for Coinbase this year due to the industry-wise trading environment. However, Crypto economy is still in its early stages, and it’s already clear that increased economic activity will take place in this new battlefield. With an aggressively growing user base and innovative product offering, this company is well positioned to seize the significant opportunities for growth and investments. The fact that its share price has entered a steep upward trajectory since the end of September and surged 35% since then has shown the level of confidence from its investors. The future prospect from the Q3 earnings and the outlook for Q4 will be a key watch for Coinbase, who needs to prove that the drop in activity during the early third quarter will not be a long-term trend.
From a technical standpoint, the momentum for Coinbase is skewed to its upward moving channel formed from the end of September when major cryptocurrencies like Bitcoin Group SE started to fly over the roof. But what also cannot be ignored is the RSI that has turned downward, and the up long tail of recent candlestick hints on a near-term pullback might be on the card before further gains.
The level at $340 is showing a decent support before the earnings report. However, if a further drop does occur, the next supporting level will be at near 20-days SMA at around $307. Looking up, immediate resistance can be seen at $348 from April 15, beyond this level there isn’t that much to go on.
Perhaps the upper band of the rising channel at around $400 would be the next exiting level to aim for.
Source: IG charts
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11 hours ago, Guest HAROLD BARNETT said:
I AM LOOKING FOR AN INDICATOR THAT I ONCE HAD A FEW MONTHS AGO ON A PREVIOUS CLOSD PLATFORM. IT ALLOWS THE POINTER TO SHOW THE PRICE LEVEL AT HATEVEVER THE POINTER IS PLCE. IN APPEARANCE IT HS A NUMBER OF NARROW DIAGONAL LINES.
Hi Harold,
Once you right click on the chart you can find the indicators. The "i" will give you information on the indicator.
I hope that it helps.
All the best - Arvin -
14 hours ago, Guest P.M. Baker Jones said:
Dear Forum,
Sorry I know this might sound rather stupid. How do you cash in shares? What is the duration of Good Til Cancelled?
Elon Musk has just sold over £20Billion of Tesla. The share price has dropped around $90.00.
I'm new to this platform. How do I cash in the shares?
Hi,
Good ‘til cancelled: GTC orders remain working until you cancel them yourself, or until they have been filled
I hope that it helps.
All the best - Arvin -
14 hours ago, Ackbullchang said:
Hi,
Placed a sell order for my full position this morning via IG phone app. Quote was given, I accepted to confirm.
Just found out that immediately (with no notification to myself), the trade was cancelled and deleted and the sell order wasn't actually placed.
Any ideas. Stock is now down, and the failure to fulfil the order has cost me circa £200.
Any help appreciated.
HI @Ackbullchang,
It is possible when the volatility is high, that the quote can't be executed as it has expired. Please reach out to the helpdesk.uk@ig.com with your account details. The team will be able to go through your orders and assist you further.
All the best - Arvin -
14 hours ago, Guest Bindu said:
I am trying to buy Hertz warrants but IG platform not allowing me to do so
Hi Bindu,
What is the error message that comes up when you are trying to place an order?
Thank you -
12 hours ago, Guest yessica22 said:
hola buenos días, llevo dos semanas esperando que me desbloqueen la aplicación ,no entiendo porque tardan tanto en contestar un correo, no veo nada serio la plataforma la verdad. si invierto mi dinero y me bloquean perderé mi dinero en cuestion sigo esperando el desbloqueo de la cuenta .
un cordial saludo.
¿Puedes hablar en inglés por favor?
un cordial saludo - Arvin
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7 hours ago, Guest FungLee said:
Hi I recently opened a new account last week and tried buying a USA ETF but could not buy.Got message that documentation is required.How do I go about providing the documentation ?
Hi FungLee,
If you go on My IG > Settings > Dealing US stocks, could you please confirm that you have a valid W-8BEN form?
Thank you - Arvin -
27 minutes ago, GermanChris said:
hi @ArvinIG,
Thanks for the quick reply. I think that would be a useful addition of information to the 'Positions' screen, and should be relatively easy to implement.
Chris
Hi @GermanChris,
I will forward your feedback to the relevant department to be reviewed.
All the best - Arvin -
On 07/11/2021 at 10:10, Quacker said:
Two things I would love to see on the IG trading platform are the following -
When you choose to see the Open Positions on your chart it would be great if you had the option to choose between $ value or Percentage. I try to minimise any dollar value in my trading and work with percentages this reduces the psychological impacts.
The other would be an option to include a divided window within the Positions tab to sort partial and full positions or any other option users may wish.
Hi @Quacker,
Thank you for your feedback. We will forward your suggestions to the relevant department. Other clients have raise the fact that they would like more options on the position tab.
All the best - Arvin-
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9 hours ago, Abhidhamma said:
I am new to platform and trying to buy US based IPOs but struggling to find one. Can anyone help please. ?
Hi @Abhidhamma,
With IG you can trade IPOs take a position pre-IPO, participate in the IPO and trade the stock once it’s fully listed.
Only most anticipated stocks will be available.Please find more details on this page here.
The IPO market will be find on the IG Watchlists :
I hope that it helps!
All the best - Arvin
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On 07/11/2021 at 10:39, Slinkylobster said:
Ive never had this occur before but im trying to purchase shares on a particular exchange and im getting "9 Ticks Remaining" followed by [Exchange is currently unavailable].
Has anyone else had this happen before or does anyone know what this means? Thanks in advance guys.
Hi @Slinkylobster,
Could you please check on the dealing ticket > info tab the dealing hours? Usually this message comes up when the market is closed especially during the weekend.
Please let us know what stock you are after.
All the best - Arvin -
On 07/11/2021 at 00:23, FredG said:
I just transferred in dealing and ISA accounts from elsewhere with share positions. These now show in prices of 0 (not unreasonably I suppose) and therefore incorrect profit/loss. Can't see how to amend these to the actual purchase prices I want. Need to do this to maintain my sanity! Advice appreciated.
Hi @FredG,
When you transfer shares into your account, the book cost will be displayed as zero, unless you have provided us with a figure on your transfer form. The book cost will also be changed to zero if there has been a corporate action on your shareholding.
You can edit your book cost by following the steps on this link here.
All the best - Arvin -
4 hours ago, GermanChris said:
I am new and have tried to find the answer in the forum, but did not succeed. I can see my total margin in the CFD platform on the top of the screen. But where can I see my current margin for each position I have open?
Thanks
Hi @GermanChris,
Effectively you can see your total Margin requirement at the top:
Unfortunately, in the position screen you can't see the margin requirement for each positions.
You can check the margin requirement on the dealing ticket if you wish.
All the best - Arvin-
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9 hours ago, Sweta said:
Hi,
I am new to IG and have downloaded prorealtime. When I click on my account on top it does not show dropdown for pro realtime. I have enabled it as mentioned in first step. Is there something that I am missing for a Macbook?
When I click on prorealtime icon on desktop is say please login to your broker's web trading platform to launch LG prorealtimne.
I did login to IG account as well as GOMarket.
Thank you.
Hi @Sweta,
Please check your settings on My IG > Settings > ProRealTime:
Once activated you can launch ProRealTime from My IG > Live accounts :
All the best - Arvin -
9 hours ago, Guest Keaira said:
My Instagram got hacked on Friday afternoon I tried everything possible to regain access but nothing seems to work I downloaded the two step Authenticator app because my Instagram needs a 6 digit code in order for me to log back in. The authenticator app is now asking for a serial code but I am unable to even open my Instagram app to go to the settings to find that. My family members have informed me that my Instagram account is still up there but I am just unable to login to get back into it does anyone know anything to help me regain access? DESPERATE!!!
Hi Keaira,
We are sorry to hear that you are having issues with your Instagram account.
Unfortunately, you contacted IG Trading platform.
Please reach out to the Instagram support.
All the best - Arvin
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On 06/11/2021 at 20:20, Guest lakshmi said:
i want trade options where can trade i got share trading and cfd account i need another option account
Hi Lakshmi,
There is no specific Options account. You can trade options on a CFD account.
All the best - Arvin -
On 06/11/2021 at 18:28, ChrisE said:
Hi guys, it seems my Crypto positions are not updating they are not going up or down, anybody experiencing this same issue or has done in the past?
Appreciate the help.Hi @ChrisE,
On the weekend IG runs a backup process. During the process, you won't be able to trade Crypto during this period.
For Dubai: " Cryptocurrency trading is available 24hrs a day, 7 days a week, except for Saturday from 1am to 11am (Dubai time)"
You can find more details here.
All the best - Arvin -
36 minutes ago, Guest Justus Stals said:
I am wanting to publish some trading content on social media however I screen record my trade analytics dashboard and my Account ID and name is visible. Wondering if this is a major security threat before I publish any conent.
Hi Justus,
The Account ID is a sensitive information as it can be used to login into your account and is one point of security IG check when interacting with our clients. If someone collects your Account ID, Name and email address they might be able to access your account.
For security purposes we hide clients Account ID on the Community and on IG statements.
I hope that it helps.
All the best - Arvin -
1 hour ago, BradleyP said:
Hi
Am I able to purchase Stock through IG on the (KSE) Korean Stock Exchange?
THanks
Hi @BradleyP,
Unfortunately we do not offer stocks on the KSE.
Here is the list of countries we offer on Share dealing :
Leveraged accounts :
I hope that it helps !
All the best - Arvin -
8 hours ago, CharlieB said:
Hi
Is the alert on the phone app meant to have a sound?
I can get the alert set and it triggers, but it doesn't actually alert with a sound like the desktop platform does.
Is there a setting somewhere to enable sound?
Hi @CharlieB,
There should be an sound with the alerts. On iOS you will need to check your IG app settings in Settings > Scroll down to IG Trading > Notifications (make sure it is on allowed) > activate the sounds.
The setting path should be similar on Android.
I hope that it helps!
All the best - Arvin
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4 hours ago, mattymoore said:
Hi,
I have recently started trading with IG and have got a question. I would appreciate it if someone could help me with my problem. I will try to explain my problem with an example.
I have a running "buy" deal of size, e.g., 1. Now I want to place another "sell" order of size. According to my strategy I want to keep both the deals running. but when I place the "sell" deal, my initiall deal gets closed. how can I keep both my deals?
Thanks
Hi @mattymoore,
You will need to use the "force open" option to open positions on opposite directions
On the deal ticket, select the force open option :
Both position will stay open.
All the best - Arvin -
4 hours ago, Guest Stewart said:
Hi Steward,
IG can be contacted (UK) on 0800 195 3100, on the live chat on the IG website and via email helpdesk.uk@ig.com..
If you need further information let us know.
All the best - Arvin -
2 hours ago, idk said:
I've tried to sell shares on shear dealing account, when I clicked on sell, it keeps jumping back to the main screen, help needed.
Hi @idk,
You can try to sell your shares on the position screen:
Or on the relevant dealing ticket.
Is there an error message that comes up ? Or it loads the main screen?
Have you tried to delete your cache and cookies on your browser? If you have screenshots feel free to share it with us.
If you need further assistance please call our helpdesk or use our live chat feature on our IG website.
All the best - Arvin -
2 hours ago, Burim said:
On the Marked Data page (marketanalysis), it would be desirable to have stock performance details, something like this:
Hi @Burim,
Thank you for sharing your feedback. I will forward your feedback to the relevant department to be reviewed.
Thank you - Arvin-
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Account verification
in IG Trading Support - Dealing Questions
Posted
Hi @Mitun122,
I have edited your post. As it is a public platform for your own safety we are removing and personal details from the Community.
Please reach out to accountopening.en@ig.com. The account opening team will be able to come back to you with further details on your application.
All the best - Arvin