Facebook, Inc. (NASDAQ:FB) Is a Must-Own Stock This Summer
Negative headlines about Facebook, Inc. (Nasdaq: FB) data security dominated the Facebook news cycle so far this year. However, Facebook’s underlying advertising business is booming, and analysts say FB stock is the best play on the explosive growth in mobile internet usage.
Facebook investors got more bad news on the data front this week following reports that the Department of Justice is broadening its investigation of Facebook data practices and will be coordinating with the Federal Bureau of Investigation, the Securities and Exchange Commission and the Federal Trade Commission.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 202.57.
The projected lower bound is: 183.97.
The projected closing price is: 193.27.
Candlesticks
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 31 white candles and 19 black candles for a net of 12 white candles.
Momentum IndicatorS
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 27.7733. 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 49.06. 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 6 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 -128.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 6 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 5 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed down -4.630 at 192.730. Volume was 100% below average (consolidating) and Bollinger Bands were 32% narrower than normal.
Open High Low Close Volume___
194.550 195.400 192.520 192.730 80,945
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 197.71 187.09 178.67
Volatility: 30 33 34
Volume: 17,463,048 20,134,562 23,606,778
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 7.9% 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.
Facebook, Inc. (NASDAQ:FB) Is a Must-Own Stock This Summer added by HEFFX Australia on
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