Cathie Wood's Ark Invest Buys Bullish Shares Amid Earnings Miss
- Stock Purchase Strategy: On May 18, Cathie Wood's Ark Invest purchased 52,308 shares of Bullish across three ETFs, demonstrating a strong commitment to long-term investment despite the stock hitting a new low.
- Earnings Report Disappointment: Bullish's Q1 2026 earnings report revealed adjusted revenue of $92.8 million, a 48.8% year-over-year increase, yet it fell short of the $94.9 million forecast, leading to a decline in stock price.
- Significant Loss Impact: The company reported a net loss of $604.9 million, significantly higher than the $348.6 million loss from the previous year, primarily attributed to costs from its $4.2 billion acquisition of Equiniti, which the CEO described as transformative.
- Market Reaction: Bullish shares have dropped over 18% in the past month and have turned negative year-to-date, reflecting market concerns about future growth, with the current stock price at $35.25, just 0.9% lower than the previous closing price.
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Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BASED is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0457 | 0.0559 | 0.0645 | 0.0747 | 0.0833 | 0.0935 | 0.102 |
| Fibonacci | 0.0559 | 0.0631 | 0.0675 | 0.0747 | 0.0819 | 0.0863 | 0.0935 |
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