Facebook, Inc. (NASDAQ:FB) “Buy” Rating

Facebook, Inc. (NASDAQ:FB) “Buy” Rating

Facebook, Inc. (NASDAQ:FB) “Buy” Rating

Facebook (NASDAQ:FB)‘s stock had its “buy” rating reissued by research analysts at Macquarie in a research note issued to investors on Monday, October 29th. They presently have a $190.00 price objective on the social networking company’s stock. Macquarie’s price target would indicate a potential upside of 24.60% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $220.00 price objective (down from $250.00) on shares of Facebook in a report on Thursday, July 26th. Wedbush reiterated a “buy” rating and issued a $250.00 price objective on shares of Facebook in a report on Thursday, July 26th. Monness Crespi & Hardt decreased their price objective on shares of Facebook from $225.00 to $205.00 and set a “buy” rating for the company in a report on Thursday, July 26th.

Citigroup cut shares of Facebook to a “buy” rating and decreased their price target for the company from $220.00 to $210.00 in a report on Thursday, July 26th. They noted that the move was a valuation call. Finally, KeyCorp restated a “buy” rating and set a $215.00 price target (down from $245.00) on shares of Facebook in a report on Thursday, July 26th.

Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and a consensus target price of $194.54.

Overall, the bias in prices is: Downwards.

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

The projected upper bound is: 156.55.

The projected lower bound is: 138.07.

The projected closing price is: 147.31.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 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 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 33.5069. This is not an overbought or oversold reading. The last signal was a buy 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 42.18. 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 43 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 -28. This is not a topping or bottoming area. The last signal was a buy 6 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 5 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed down -3.660 at 147.870. Volume was 10% below average (neutral) and Bollinger Bands were 36% narrower than normal.

Open High Low Close Volume___
150.490 150.940 146.740 147.870 24,145,814

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

Moving Averages: 10-period 50-period 200-period
Close: 148.56 158.46 176.17
Volatility: 43 38 47
Volume: 30,227,926 25,884,130 28,042,228

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 16.1% 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 volume flowing into and out of FB.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on FB.O and have had this outlook for the last 34 periods.

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