Facebook, Inc. (NASDAQ:FB) boast a best-possible IBD Composite Rating of 99
The four internet giants are all highly rated. Facebook stock and Twitter boast a best-possible IBD Composite Rating of 99. Google parent Alphabet stock and Amazon stock come in at 98. Amazon, a Leaderboard stock, is in range from a follow-on buy point for existing shareholders. Google stock dipped back below buy range. Twitter just formed a new base after a rapid run up.
Facebook is one of several big-name stocks set to announce earnings results over the next few days.
Social-media titan Facebook will post its results on Wednesday afternoon, and investors have a few good reasons to follow this report closely. Its last announcement was embraced by Wall Street after the company turned a 49% revenue spike into a 63% jump in net income. Facebook managed double-digit increases in its daily and monthly active user bases, and 2.2 billion people now log on to the service at least once a month.
Wall Street expects Facebook to earn $1.72 per share on revenue of $13.38 billion. This compares to the year-ago quarter when earnings came to $1.32 per share on revenue of $9.32 billion.
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 192.13.
The projected upper bound is: 217.67.
The projected lower bound is: 203.30.
The projected closing price is: 210.49.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 30 white candles and 20 black candles for a net of 10 white 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 70.4512. This is not an overbought or oversold reading. The last signal was a sell 1 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 66.39. 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 18 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 94. This is not a topping or bottoming area. The last signal was a sell 1 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 buy 8 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed up 1.850 at 209.940. Volume was 43% below average (neutral) and Bollinger Bands were 5% narrower than normal.
Open High Low Close Volume___
208.850 211.500 208.500 209.940 16,241,508
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 206.97 194.93 180.87
Volatility: 17 23 34
Volume: 14,057,988 16,803,076 23,600,820
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 16.1% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. 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 10 periods.
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