Facebook, Inc. (NASDAQ:FB) approaches its next earnings release
Facebook closed at $157.25 in the latest trading session, marking a -0.01% move from the prior day. This change was narrower than the S&P 500’s 0.04% loss on the day. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, lost 0.67%.
Prior to today’s trading, shares of the social media company had lost 3.2% over the past month. This has lagged the Computer and Technology sector’s loss of 1.53% and the S&P 500’s gain of 0.02% in that time.
Investors will be hoping for strength from FB as it approaches its next earnings release, which is expected to be October 30, 2018. On that day, FB is projected to report earnings of $1.47 per share, which would represent a year-over-year decline of 7.55%. Our most recent consensus estimate is calling for quarterly revenue of $13.83 billion, up 33.94% from the year-ago period.
Investors should also note that FB has a PEG ratio of 1.01 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. FB’s industry had an average PEG ratio of 2.37 as of yesterday’s close.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 164.80.
The projected lower bound is: 148.99.
The projected closing price is: 156.90.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 black candles.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 18.0652. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 14 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 36.35. 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 buy 20 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 -150.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 3 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 1 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed down -0.080 at 157.250. Volume was 4% below average (neutral) and Bollinger Bands were 53% narrower than normal.
Open High Low Close Volume___
155.540 158.340 154.390 157.250 24,045,968
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 162.28 170.14 179.71
Volatility: 28 29 45
Volume: 27,548,524 26,324,014 27,361,814
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.
FACEBOOK INC A is currently 12.5% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of FB.O (mildly bearish). Our trend forecasting oscillators are currently bearish on FB.O and have had this outlook for the last 11 periods.