Facebook, Inc. (NASDAQ:FB) outpaced the S&P 500’s daily gain of 0.15%

Facebook, Inc. (NASDAQ:FB) outpaced the S&P 500’s daily gain of 0.15%

Facebook, Inc. (NASDAQ:FB) outpaced the S&P 500’s daily gain of 0.15%

In the latest trading session, Facebook (FB) closed at $199.36, marking a +0.33% move from the previous day. This move outpaced the S&P 500’s daily gain of 0.15%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, added 0.05%.

Coming into today, shares of the social media company had gained 3.74% in the past month. In that same time, the Computer and Technology sector gained 1%, while the S&P 500 gained 1.32%.

Investors will be hoping for strength from FB as it approaches its next earnings release. The company is expected to report EPS of $2.50, up 5.04% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $20.82 billion, up 23.1% from the year-ago period.

FB’s full-year are calling for earnings of $6.37 per share and revenue of $70.44 billion. These results would represent year-over-year changes of -15.85% and +26.15%, respectively.

It is also important to note the recent changes to analyst estimates for FB. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Looking at its valuation, FB is holding a Forward P/E ratio of 31.18. For comparison, its industry has an average Forward P/E of 29.17, which means FB is trading at a premium to the group.

Investors should also note that FB has a PEG ratio of 1.51 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. The Internet – Services industry currently had an average PEG ratio of 2.63 as of yesterday’s close.

Technical Indicators

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 191.34.

The projected upper bound is: 207.02.

The projected lower bound is: 192.36.

The projected closing price is: 199.69.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 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 44.5337. This is not an overbought or oversold reading. The last signal was a sell 9 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 59.77. 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 101 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 40. This is not a topping or bottoming area. The last signal was a sell 3 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 2 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed up 0.650 at 199.360. Volume was 27% below average (neutral) and Bollinger Bands were 16% narrower than normal.

Open     High      Low     Close     Volume___
199.860 201.290 198.213 199.360 9,755,350
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 199.57 189.74 184.79
Volatility: 12 25 31
Volume: 11,264,318 13,470,341 15,505,231

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 upward trend. Volatility is low 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 35 periods.

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