Facebook Inc (NASDAQ:FB) HEFFX Summary

Facebook Inc (NASDAQ:FB) HEFFX Summary

Facebook Inc (NASDAQ:FB) HEFFX Summary

Facebook is planning an expansion of its Groups feature that will put online communities at the centre of the social network.

The social media giant is testing a Groups section in its smartphone app that will see it appear alongside the main notifications, friends requests and news feed areas.

Publishers are happy to take Facebook’s funding for original video programming, but several existing and potential content partners expressed doubts that the company is committed to short-form shows for the long run.

Facebook is paying for both long- and short-form shows as part of its initiative. With long-form shows, which Facebook would entirely own, Facebook is willing to shell out as much as $250,000 per episode — equaling low-end cable TV budgets.

These will be only a handful of shows, however, as most of Facebook’s deals so far concern short-form programming that runs anywhere between four and 10 minutes per episode. These are called “spotlight” shows by Facebook, which has signed up BuzzFeed, Attn, Mashable, Group Nine Media and others as partners.

A Pakistani court has sentenced to death a man who allegedly committed blasphemy on Facebook, a prosecutor said, in the first such case involving social media.

The conviction of Taimoor Raza, 30, came after a high-profile crackdown against blasphemy on social media by the government of Prime Minister Nawaz Sharif.

Blasphemy is a highly sensitive topic in Muslim-majority Pakistan, where insulting the Prophet Muhammad is a capital crime for which dozens are sitting on death row. Even mere accusations are enough to spark mass uproar and mob justice.

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 147.24.

The projected upper bound is: 154.09.

The projected lower bound is: 145.38.

The projected closing price is: 149.74.

FACEBOOK INC A closed down -5.110 at 149.600. Volume was 99% below average (consolidating) and Bollinger Bands were 14% wider than normal.

Open           High            Low             Close             Volume
154.770      155.590       146.610       149.600       86,160

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

Moving Averages: 10-period         50-period        200-period
Close:                      152.50               147.50              132.81
Volatility:               23                       19                      21
Volume:                  13,356,083      15,808,963      18,569,886

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 12.6% above its 200-period moving average and is in an upward 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 bullish on FB.O and have had this outlook for the last 34 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.

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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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