Facebook Inc (NASDAQ:FB) Under Investigation

Facebook Inc (NASDAQ:FB) Under Investigation

Facebook Inc (NASDAQ:FB) Under Investigation

  • Facebook Inc. finds itself at the red-hot center of the investigation into Russia’s clandestine involvement in the 2016 U.S. election. The social-media giant said it has so far found $100,000 in advertising spending linked to the Internet Research Agency, a Russian troll farm with ties to the Kremlin.
  • The company turned over details on the ads to Congress and to Robert Mueller, who is leading the criminal investigation into Russia’s campaign meddling and possible links to President Donald Trump’s associates.
  • Facebook and its chief executive officer, Mark Zuckerberg, already had a problem with fake news. Now they’re trying to overhaul rules around political advertising before being ordered to do so.

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: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 168.94.

The projected lower bound is: 156.91.

The projected closing price is: 162.93.

FACEBOOK INC A closed down -7.670 at 162.870. Volume was 144% above average (neutral) and Bollinger Bands were 12% narrower than normal.

Open           High            Low            Close          Volume
169.240      169.300      161.560      162.870     41,251,584

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

Moving Averages: 10-period          50-period       200-period
Close:                       170.78               169.11              146.95
Volatility:                29                      23                     20
Volume:                   15,447,866      16,427,669      17,185,904

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 10.8% 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 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 23.1213. This is not an overbought or oversold reading. The last signal was a sell 7 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 34.49. 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 33 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 -375.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 9 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 7 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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