Facebook Inc (NASDAQ:FB) HEFFX Shakily Stands $150 Target

Facebook Inc (NASDAQ:FB) HEFFX Shakily Stands $150 Target

Facebook Inc (NASDAQ:FB) HEFFX Shakily Stands $150 Target

  • Facebook has been fined $122Million by the European commission for providing misleading information about data-sharing between Facebook and WhatsApp
  • Facebook to Show Major League Baseball Games Live on Fridays
  • Facebook Aims To Beat Twitch At Livestreaming Esports
  • Court dismisses lawsuit blaming Facebook for Palestinian uprising
  • Still Nothing has been done about the Death Streams

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

The projected upper bound is: 151.41.

The projected lower bound is: 144.30.

The projected closing price is: 147.86.

FACEBOOK INC A closed up 2.810 at 147.660. Volume was 34% above average (neutral) and Bollinger Bands were 1% wider than normal.

Open            High           Low             Close           Volume
144.720       148.150      144.510       147.660      23,031,566

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period           50-period       200-period
Close:                       149.49                144.04             130.78
Volatility:                24                       16                      21
Volume:                   16,489,774       16,390,141      18,646,386

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary
FACEBOOK INC A is currently 12.9% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of FB.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on FB.O and have had this outlook for the last 19 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 27.4055. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 51.44. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 7 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -184.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 10 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 6 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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