Facebook, Inc. (NASDAQ:FB) has reversed the losses trend
A new ray of hope is being seen for Mark Zuckerberg, as experts believe Facebook is a stock to buy ahead. Last year has been a very challenging period for Facebook and chief Zuckerberg due to data breach scandal, so much so, that forget investors even its own customers lost hope in this giant social media who has more population than even countries like China and India.
However, 2019 comes with good news finally for Zuckerberg, as Facebook is seen as a money stock in large caps. This means not only investors, but also Zuckerberg will see rise in their wealth because of Facebook. To your notice, Facebook has reversed the losses trend, and have made consistent growth in their share price so far this year.
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 151.51.
The projected upper bound is: 183.66.
The projected lower bound is: 158.75.
The projected closing price is: 171.20.
A black body occurred (because prices closed lower 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 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 91.7488. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 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 72.58. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 50 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 108.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 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 4 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed down -0.670 at 170.490. Volume was 50% below average (consolidating)(neutral) and Bollinger Bands were 86% wider than normal.
Open High Low Close Volume___
171.200 172.470 169.270 170.490 13,281,161
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 158.02 143.11 166.96
Volatility: 64 56 50
Volume: 28,487,486 26,194,954 25,158,240
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 2.1% above its 200-period moving average and is in an upward trend. Volatility is high 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 21 periods. Our momentum oscillator is currently indicating that FB.O is currently in an overbought condition.
Latest posts by HEFFX Australia (see all)
- FTSE Bursa Malaysia KLCI (.KLSE) negative news flow dampening investor appetite - April 18, 2019
- Gold 1 OZ (XAU=X) solid resistance at $1,300.00 - April 18, 2019
- Japanese Yen: USD/JPY (JPY=X) rises back up to key level - April 18, 2019