Facebook, Inc. (NASDAQ:FB) Mark Zuckerberg’s net worth took a major hit this year

Facebook, Inc. (NASDAQ:FB) Mark Zuckerberg’s net worth took a major hit this year

Facebook, Inc. (NASDAQ:FB) Mark Zuckerberg’s net worth took a major hit this year

A disastrous year for Facebook has left a major dent in the wealth of its CEO and cofounder, Mark Zuckerberg, who has lost billions of dollars in net worth.

Zuckerberg began the year with about $US75 billion, but, according to Bloomberg’s Billionaire Index, he was worth about $US56 billion on Monday. That’s a $US19 billion drop.

Zuckerberg owns a 13% stake in Facebook, which this year has been beset by crises including the Cambridge Analytica scandal, accusations of mismanagement, a shareholder revolt, and questions over inappropriate content.

Overall, the bias in prices is: Downwards

The projected upper bound is: 153.14.

The projected lower bound is: 133.64.

The projected closing price is: 143.39.

Candlesticks

A white body occurred (because prices closed higher 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 25 white candles and 25 black 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 46.8896. This is not an overbought or oversold reading. The last signal was a sell 2 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 52.16. 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 buy 17 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 64. This is not a topping or bottoming area. The last signal was a sell 1 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 buy 12 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed up 3.470 at 143.660. Volume was 1% below average (neutral) and Bollinger Bands were 27% narrower than normal.

Open High Low Close Volume___
141.080 145.930 139.830 143.660 24,709,084

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

Moving Averages: 10-period 50-period 200-period
Close: 141.63 145.55 170.79
Volatility: 36 43 46
Volume: 23,911,792 25,350,040 27,915,694

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 15.9% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. 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 4 periods.

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