Facebook Inc (NASDAQ:FB) HEFFX Highlights

Facebook Inc (NASDAQ:FB) HEFFX Highlights

Facebook Inc (NASDAQ:FB) HEFFX Highlights

  • Those Russia-linked Facebook ads are more than just a reason for concern — they could play an important role in one of the largest investigations in recent memory. CNN sources understand that Facebook has supplied the ads and “related information” to special counsel Robert Mueller and team after they obtained a search warrant.
  • The move will theoretically help Mueller’s investigative team find out who was behind the ads and whether or not they played a role in Russia’s bid to skew the 2016 US presidential election. And reportedly, this only comes after other attempts to get the info fell flat.
  • The insiders claim that Facebook rejected House and Senate Intelligence Committee attempts to get the ads. The site’s policy, in line with the Stored Communications Act, requires a warrant before it can hand over search data.

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 stalling.

Intermediate term: Prices are trending.

By the way, prices are vulnerable to a correction towards 164.24.

The projected upper bound is: 177.28.

The projected lower bound is: 166.91.

The projected closing price is: 172.10.

FACEBOOK INC A closed up 0.680 at 171.640. Volume was 7% below average (neutral) and Bollinger Bands were 22% narrower than normal.

Open           High            Low            Close          Volume
170.880      172.340      170.260      171.640     15,660,539

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

Moving Averages: 10-period          50-period       200-period
Close:                      172.11                 167.50             145.36
Volatility:               16                       20                     19
Volume:                  13,180,688      16,243,775      17,470,334

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 18.1% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. 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 1 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 42.1149. 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 55.15. 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 27 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 17. This is not a topping or bottoming area. The last signal was a sell 3 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 1 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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