Facebook Inc (NASDAQ:FB) HEFFX Highlights

Facebook Inc (NASDAQ:FB) HEFFX Highlights

Facebook Inc (NASDAQ:FB) HEFFX Highlights

  • One of Facebook’s earliest executives has said the social network is “destroying how society works” and that he feels “tremendous guilt” about his work.
  • Chamath Palihapitiya, who joined Facebook in 2007, accused it of “programming” its users and said he no longer uses the website or allows his children to access it.
  • “It literally is at a point now where I think we have created tools that are ripping apart the social fabric of how society works,” he told an audience at Stanford University. “We are in a really bad state of affairs right now in my opinion, it is eroding the core foundations of how people behave by and between each other.”
  • Palihapitiya, who was in charge of growing Facebook’s global empire before leaving in 2011 to become a tech investor, is the latest in a string of early Facebook employees and investors to speak out about the evils of social media and warn the public about its effects on society.

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 ranging.

The projected upper bound is: 185.78.

The projected lower bound is: 172.62.

The projected closing price is: 179.20.

FACEBOOK INC A closed up 0.040 at 179.040. Volume was 14% below average (neutral) and Bollinger Bands were 15% wider than normal.

Open              High              Low               Close             Volume
179.300         180.220        178.800        179.040        13,168,575

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

Moving Averages: 10-period          50-period          200-period
Close:                       176.84               176.40                160.21
Volatility:                35                       24                       21
Volume:                  22,016,030       16,153,696        16,441,314

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 11.8% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. 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 7 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 82.1466. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 3 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 52.98. 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 26 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 22. This is not a topping or bottoming area. The last signal was a buy 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 8 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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