Facebook, Inc. (NASDAQ:FB) carrying out a $9 billion buyback plan

Facebook, Inc. (NASDAQ:FB) carrying out a $9 billion buyback plan

Facebook, Inc. (NASDAQ:FB) carrying out a $9 billion buyback plan

Facebook investors had a rollercoaster year with the company’s share price. Since January, Facebook’s share price slid 21.68 percent after a series of public scandals followed by selloffs. It’s clear that Facebook isn’t the apple of investor’s eyes like it once was, but the question is canFacebook stock (NASDAQ: FB) make gains in 2019?

The social media site’s stock price was significantly impacted by the Cambridge Analytics scandal earlier this year, where the company was scrutinized for its role in the 2016 election. Not to mention a recent security breach which uncovered its users personal information. These factors have lead to a slow down in the company’s growth this year. This year, we saw Facebook stock look like an attractive BUY at times, although most of its upside since January has been short lived.

Overall, the bias in prices is: Downwards

The projected upper bound is: 153.92.

The projected lower bound is: 134.36.

The projected closing price is: 144.14.


A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white 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 81.2688. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 5 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 53.95. 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 13 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 155.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 11 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 2.420 at 144.500. Volume was 6% below average (neutral) and Bollinger Bands were 36% narrower than normal.

Open High Low Close Volume___
143.080 147.190 142.510 144.500 23,696,936

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 140.05 146.85 171.48
Volatility: 29 43 46
Volume: 25,477,846 25,782,974 27,861,806

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 15.7% below 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 0 periods.

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