Facebook Inc (NASDAQ:FB) HEFFX Highlights

Facebook Inc (NASDAQ:FB) HEFFX Highlights

Facebook Inc (NASDAQ:FB) HEFFX Highlights

  • There are four different types of Facebook user, ranging from people who use the social network to build on real-world relationships, to those focussed on “likes” and attention, researchers claim.
  • A new study labels the site’s two billion monthly users as relationship builders, town criers, selfies, or window shoppers, using a questionnaire with 48 statements respondents were asked to rate.
  • Secret guidelines used by social media giant Facebook to censor hate speech are resulting in lesbians being blocked and banned for referring to themselves as “dykes”, with one expert suggesting early adoption of artificial intelligence software may be to blame.
  • Facebook is building a standalone app that incorporates ideas from Houseparty, the group video chat app that rose from the ashes of Meerkat, The Verge has learned. The app, which has the working name Bonfire, was recently demonstrated for employees. It is being targeted for a fall release, according to a person familiar with the matter. “We don’t have anything to share at this time,” a Facebook spokeswoman said.

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: 155.52.

The projected lower bound is: 145.35.

The projected closing price is: 150.44.

FACEBOOK INC A closed up 1.910 at 150.340. Volume was 100% below average (consolidating) and Bollinger Bands were 6% narrower than normal.

Open          High           Low            Close          Volume
149.000     150.850     148.130     150.340     76,349

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

Moving Averages: 10-period         50-period        200-period
Close:                       152.06              150.81              134.88
Volatility:                25                      22                     21
Volume:                  15,578,044      18,089,014      18,750,132

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 11.5% 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 0 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 27.6522. This is not an overbought or oversold reading. The last signal was a sell 6 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 47.91. 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 39 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 -84. This is not a topping or bottoming area. The last signal was a buy 0 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 3 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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