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Block, Inc. and its subsidiaries create commerce and financial ecosystems in the U.S. and globally. It operates in two segments: Square and Cash App. The Square segment provides commerce solutions for various sectors, including restaurants and retail, along with payment services, software, hardware, banking, and support. It also offers loyalty, marketing, and payroll services. The Cash App segment delivers financial tools like peer-to-peer payments, bitcoin trading, and investment services, along with a debit card and payment solutions. Additionally, it includes TIDAL for music, TBD for decentralized finance, Bitkey for bitcoin storage, and Spiral for open-source bitcoin projects. The company, originally Square, Inc., rebranded to Block, Inc. in December 2021 and was founded in 2009 in Oakland, California.
SQ —  NASDAQ —
Current RSI of this stock is 76.90, which indicates the strength of buyers.
MACD line has just crossed the signal line from the below, generates bullish signal.
The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Based on our stock trading advice in United States, Block Incorporation stock price target will be USD 90 - USD 92 in the next 14-15 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
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