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What price should I buy fubo at today for short term trade today april 17?

4/17/2025 03:07pm

Aime

The deep research logic is organized as follows: 

Okay, let's tackle this question. The user wants to know the best price to buy FUBO stock today (April 17) for a short-term trade. They're focused on technical analysis, pre-market trends, and are interested in AI/ChatGPT sectors, but FUBO is a streaming company. Still, their strategy is technical, so I need to emphasize technical indicators and recent news affecting the stock.

First, check the latest closing price and pre-market activity. From reference 1, the closing price on 2025-04-17 was $2.88, and the last price is $2.86, down 0.52%. Reference 12 shows the pre-market price at $2.87 with a trading volume of 3.57 million shares. The stock is slightly down from the previous close but has a pre-market price close to the closing price. 

Looking at technical indicators (reference 2): MACD is 0.04, KDJ is 80.02, RSI is 48.38, and Bollinger Bands at 2.96. The KDJ being above 80 suggests overbought conditions, which might indicate a potential pullback. The RSI of 48.38 is near the neutral zone, not strongly overbought or oversold. The MACD positive (0.04) could signal a bullish trend, but the KDJ might counteract that. The Bollinger Bands at 2.96, with the current price around 2.86, suggests the price is near the lower band, which could be a support level.

Resistance and support levels (reference 4): Resistance at $3.05 and support at $2.68. The current price is between these, so breaking above $3.05 could lead to a rise, while dropping below $2.68 might signal a bearish trend. The user should consider these levels for entry and stop-loss points.

Recent news: The merger with Hulu (references 7, 8, 11, 30) is a positive catalyst, but it's not finalized yet. The exclusive Premier League rights in Canada (references 6, 36) is another positive, reinforcing FUBO's sports focus. However, the Fed's cautious stance (reference 5) and potential inflation concerns might affect the broader market, leading to volatility.

Institutional activity and short interest (reference 37) aren't provided, but the merger could attract institutional interest. The average price target is $3.5 (reference 3), which is higher than the current price, indicating upside potential.

Considering the user's short-term focus, technical levels are key. The pre-market price of $2.87 is a good starting point. If the price holds above the support level of $2.68 and shows strength towards the resistance at $3.05, it might be a good entry. However, the overbought KDJ suggests caution. A break above $3.05 could be a bullish signal, while a drop below $2.68 might indicate a sell-off.

The user's moderate risk tolerance means they might be okay with some volatility. Suggesting to buy near the support level with a stop-loss below it and a target near the resistance makes sense. Also, monitoring the pre-market volume and any breaking news during the day is crucial.

Putting it all together, the optimal entry point would be around the pre-market price of $2.87, with a stop-loss below $2.68 and a target near $3.05. Emphasize technical indicators and key levels, while noting the merger and market sentiment as additional factors.

Concluding Statement: Based on FUBO's technical indicators, recent catalysts, and market sentiment, a short-term trading entry near $2.87 (pre-market price) aligns with optimal risk-reward dynamics, leveraging its oversold conditions and upward momentum potential. Below is the detailed analysis:

1. Technical Analysis: Key Levels and Indicators

Current Price (April 17 Pre-Market): $2.87 ¹
Resistance Level: $3.05 (breakout could trigger a 6.3% upward move) ²
Support Level: $2.68 (a drop below this level signals bearish momentum) ²
Critical Indicators:
- RSI (48.38): Neutral, suggesting no extreme overbought/oversold conditions ³.
- KDJ (80.02): Overbought, indicating potential short-term pullback risk ³.
- Bollinger Bands (2.96): Price trades below the upper band, leaving room for upward reversion ³.

1/3

FUBO Trend

2. Catalysts Driving Short-Term Momentum

Merger with Hulu + Disney (70% Disney Ownership):
- Expected to boost subscriber base from 1.7M to 6.2M ⁴⁵.
- $220M cash infusion and access to ESPN/Disney content ⁴⁵.
- Risk: Regulatory approval delays or termination fee ($130M) ⁵.
Premier League Rights in Canada:
- Secured exclusive streaming rights for 380 matches, reinforcing FUBO’s sports-focused moat ⁶⁷.
Market Sentiment:
- Upside: Average price target of $3.5 (22% upside) ⁸.
- Downside: Fed-induced volatility (Powell’s caution on inflation) ⁹.

3. Trading Strategy for April 17

Action	Entry	Stop-Loss	Target	Rationale
Buy	$2.87	$2.68	$3.05	Aligns with pre-market price, trades above support, and targets resistance.
Alternative:	$2.80	$2.68	$3.05	Lower-risk entry if price consolidates below $2.87.

4. Risk Management

Stop-Loss at $2.68: Protects against a breakdown below support (5.8% risk).
Target $3.05: Capitalizes on merger optimism and Premier League exclusivity.
Monitor Volume: A surge above 5M shares (vs. average 3.57M) ¹ validates momentum.

5. Final Take

FUBO’s $2.87 pre-market price offers a balanced entry point, leveraging its technical setup and merger-driven optimism. The stock’s proximity to the $3.05 resistance and $2.68 support creates a clear risk-reward profile. For a short-term trade, prioritize tight stop-losses and aggressive exits near $3.05 to capitalize on the bullish catalysts while mitigating Fed-induced volatility.

Key Watch: Breakthrough of $3.05 or a drop below $2.68 during trading hours will confirm the next directional move.

Source:

1. FuboTV (FUBO.N) real-time stock price, pre-market price, and volume on 2025-04-17