Genius Sports (GENI)

We got a blog question on Genius Sports (GENI).

GENI has bullish absolute and relative price trends with the stock above rising 13-, 26-, and 40-week moving averages (WMAs). A late 2024 breakout from a big base and an early 2025 retest of this breakout bodes well for this stock.

Strength stalled at the 50% retracement of the 2021-2022 decline near 13.69 in early September, forming a bearish engulfing pattern, but holding 11.84 to 10.90 (rising 13- and 26-WMAs and the 38.2% retracement) would keep the trend firmly bullish for additional upside to the big base pattern count at 14.65 and potentially to the 61.8% retracement at 16.40. The rising 40-WMA near 10.27 offers an additional support.

Chart 1: Genius Sports (GENI) - Bullish trends intact

GENI shows tactical risk from a weekly bearish engulfing pattern, but a break below 12.31-12.25 is needed to confirm it.

Chart 2: Genius Sports (GENI) - Bearish engulfing pattern