Twitter Inc (NYSE:TWTR) HEFFX Highlights

Twitter Inc (NYSE:TWTR) HEFFX Highlights

Twitter Inc (NYSE:TWTR) HEFFX Highlights

  • Twitter hires a new GM of revenue products
  • Facebook and Twitter ‘harm young people’s mental health’ The Guardian

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 17.04.

The projected upper bound is: 19.67.

The projected lower bound is: 17.48.

The projected closing price is: 18.58.

TWITTER INC closed up 0.230 at 18.510. Volume was 3% above average (neutral) and Bollinger Bands were 126% wider than normal.

Open         High         Low          Close        Volume
18.170      18.610      17.970      18.510      19,888,988

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

Moving Averages: 10-period         50-period        200-period
Close:                       18.64                15.92                 17.59
Volatility:                48                     42                      65
Volume:                  19,939,558      18,584,970      24,102,652

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
TWITTER INC is currently 5.2% 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 very strong flows of volume into TWTR.K (bullish). Our trend forecasting oscillators are currently bullish on TWTR.K and have had this outlook for the last 18 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 37.4365. This is not an overbought or oversold reading. The last signal was a sell 8 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 63.08. 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 1 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 -29. This is not a topping or bottoming area. The last signal was a sell 1 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 0 period(s) ago.

 

The following two tabs change content below.

John Heffernan

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

You must be logged in to post comments :  
CONNECT WITH