Facebook, Inc. (NASDAQ:FB) and associated platforms back online after outage

Facebook, Inc. (NASDAQ:FB) and associated platforms back online after outage

Facebook, Inc. (NASDAQ:FB) and associated platforms back online after outage

Facebook said it had restored service following an outage on Thursday that hindered access to the social platform and its other apps such as Instagram.

“Earlier today, people may have experienced trouble accessing Facebook’s family of apps. The issue has since been resolved, we are back to 100 percent for everyone and we’re sorry for any inconvenience,” a company spokesman said in a statement.

Facebook blamed “an issue in one of our central software systems” for snarling connectivity for several hours.

Many users, often wryly, took to Twitter to comment on the crash.

Downdetector, which monitors outages on the internet, said users of all Facebook platforms started having trouble at 1345 GMT.

As is often the case with these outages, this one seemed to hit randomly around the world, with some regions affected and others not.

Facebook says it has 2.45 billion active monthly users across its array of products.

Technical Indicators

Overall, the bias in prices is: Upwards.

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

By the way, prices are vulnerable to a correction towards 190.58.

The projected upper bound is: 210.12.

The projected lower bound is: 194.43.

The projected closing price is: 202.28.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 8 white candles and 2 black candles for a net of 6 white candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.

Momentum Indicators

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 75.1152. This is not an overbought or oversold reading. The last signal was a sell 4 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 67.81. 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 96 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 119.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. 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 buy 8 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed up 3.030 at 202.000. Volume was 11% below average (neutral) and Bollinger Bands were 20% narrower than normal.

Open     High      Low     Close     Volume___
199.900 203.140 199.420 202.000 12,760,568
Technical Outlook 
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 198.00 188.40 183.85
Volatility: 14 27 31
Volume: 13,009,324 14,101,612 15,601,365

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 9.9% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. 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 30 periods.

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