HUBS is not worth owning due to poor product quality, despite potential technical bounces.
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Uh AMJ asking, "Do we have any thoughts on HubSpot?" Oh man, I do and I'll give it to you. I don't think you're going to like it though. I think this thing is not worth it. I think the product is garbage and I just dislike it.
We've used it here before. I don't care for it. This is a humongous move down. It looks like it's kind of trading sideways here. Maybe you can play this for a bounce if this gets above the 200 day.
It was rejected there the last time that we saw it. I'll be honest, I don't see it here in HubSpot. That's just my own personal opinion though. And I will say on the back of that, I actually don't have a position on this.
So easy for me to have an opinion with no position behind it. Take it with a grain of salt. But you asked, I don't like it.
Here's what I where I would be with HubSpot. Uh if you look at a weekly chart, there's something that I think is pretty significant that has happened. Um you know, we did have a death cross earlier this year in February.
We're getting we're we're seeing that. But that 20week SMA that the price has been basically uh was getting suppressed by it. uh ever since it lost that uh moving average in March of last year, it it's been having trouble getting back above it until uh July, until the summer of this year.
Now we're trading back above it for the first time in months. And uh we're at an area right now where we need to hold this support. If we start going back underneath the 20week SMA, yeah, I don't think that's going to look great and it could lead to some further downside.
If we hold this moving average, I'd be watching for a break above the 50.
Okay, so that value there, 21466 for your 20-day moving average. To 13's point, we are above it and it appears as if we're back testing it, but if that gives way,
yeah, I think that's what I would be watching for with HubSpot.
What this channel has said about $HUBS
Benzinga has only this one call on this stock.