Facebook Inc (NASDAQ:FB) HEFFX Highlights

Facebook Inc (NASDAQ:FB) HEFFX Highlights

Facebook Inc (NASDAQ:FB) HEFFX Highlights

  • Facebook explained why it won’t let your parents read your messages, in a post in its Hard Questions series today about social networking after death.
  • Facebook admits it doesn’t have all the answers, but it has come up with some decent solutions to some issues with what it calls Memorialized Profiles and a “Legacy Contact.” When you pass away, once Facebook is informed, the word “Remembering” appears above your name on your profile and no one else can sign in to your account.
  • The Legacy Contact is a friend you select in your Manage Account Settings while you’re still alive, though they’re not informed until your profile is memorialized. They can pin a post atop your profile, change your profile pic, respond to friend requests or have your account removed. But Facebook explains they can’t log into your account, change or delete old posts, remove friends or read your messages.
  • Similarly, Facebook won’t allow parents or anyone else to read your messages after you die. That’s because “In a private conversation between two people, we assume that both people intended the messages to remain private,” writes Monika Bickert, Facebook’s Director of Global Policy Management. The Electronic Communications Privacy Act and Stored Communications Act may also prohibit it from sharing private communications even with parental consent.

Facebook, Inc. is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Instagram enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends. Messenger allows communicating with people and businesses alike across a range of platforms and devices. WhatsApp Messenger is a messaging application that is used by people around the world and is available on a range of mobile platforms. Its Oculus virtual reality technology and content platform offers products that allow people to enter an interactive environment to play games, consume content and connect with others.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

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

The projected upper bound is: 173.64.

The projected lower bound is: 161.68.

The projected closing price is: 167.66.

FACEBOOK INC A closed up 0.500 at 167.410. Volume was 16% below average (neutral) and Bollinger Bands were 31% narrower than normal.

Open      High      Low      Close       Volume
166.840      168.670      166.210      167.410      15,093,638

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

Moving Averages: 10-period      50-period        200-period
Close:      169.59       160.21      140.60
Volatility:      22      24       22
Volume:      14,239,323      18,864,392      19,283,780

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 19.1% 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 28 periods.

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 30.2261. This is not an overbought or oversold reading. The last signal was a sell 16 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 53.01. 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 8 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 -122.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 13 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 sell 10 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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