Facebook, Inc. (NASDAQ:FB) People Raise $300M Through Birthday Fundraisers in First Year
Last year, social media giant Facebook unveiled a new feature that allows users to create fundraisers for their birthdays and ask their friends to donate money to a specified charity or nonprofit. Today, on the one-year anniversary of that feature, the company announced in a newsroom post that users have raised more than $300 million for causes they care about.
Some of the most notable fundraisers were set up by NBA star Stephen Curry, who raised more than $82,000 for Nothing But Nets, a charity dedicated to raising awareness and funding to fight malaria; music icon Madonna, who raised more than $200,000 to benefit the humanitarian nonprofit she co-founded, Raising Malawi; and Yuriko Shotter, a Facebook user who raised more than $7,200 for 13th Street Cat Rescue, a local cat shelter in San Jose, California.
“Birthday fundraisers are one of our charitable tools that help people support the causes that matter the most to them,” Asha Sharma, Facebook’s Head of Product, Social Good, tells CNBC Make It. “It’s incredible to see how people have come together to raise over $300 million.”
Among the top beneficiaries overall, according to the post, are the Alzheimer’s Association, American Cancer Society, American Society for the Prevention of Cruelty to Animals, No Kid Hungry and St. Jude Children’s Research Hospital.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 188.03.
The projected upper bound is: 193.85.
The projected lower bound is: 154.89.
The projected closing price is: 174.37.
A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
An engulfing bearish line occurred (where a black candle’s real body completely contains the previous white candle’s real body). The engulfing bearish pattern is bearish during an uptrend. It then signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with FACEBOOK INC A), it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle’s real body.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 27.7079. This is not an overbought or oversold reading. The last signal was a sell 5 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 36.10. 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 10 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 -38. This is not a topping or bottoming area. The last signal was a buy 11 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 5 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed down -4.830 at 174.700. Volume was 100% below average (consolidating) and Bollinger Bands were 111% wider than normal.
Open High Low Close Volume___
180.420 180.500 174.010 174.700 430
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 181.12 193.75 181.89
Volatility: 35 64 45
Volume: 24,086,182 25,459,654 25,981,932
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.
FACEBOOK INC A is currently 4.0% below its 200-period moving average and is in an downward trend. Volatility is high 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 bearish on FB.O and have had this outlook for the last 14 periods.
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