Facebook, Inc. (NASDAQ:FB) revealed details of a September hack that compromised millions of accounts

Facebook, Inc. (NASDAQ:FB) revealed details of a September hack that compromised millions of accounts

Facebook, Inc. (NASDAQ:FB) revealed details of a September hack that compromised millions of accounts

Facebook, Inc. (NASDAQ:FB) revealed details of a September hack that compromised millions of phone numbers and email addresses.
With 400,000 accounts, hackers were able to steal access tokens of 30 million Facebook users. From there, users had varying degrees of information compromised. 14 million had sensitive information including recent check-ins stolen, 15 million had names and contact information breached, and 1 million only had their access token stolen. Facebook has also published a website where users can review their status relating to the incident.

CNBC provides details:

“We are still looking at other ways the people behind these attacks may have used Facebook, and we haven’t ruled out the possibility of smaller scale, low-level access attempts,” said Guy Rosen, Facebook vice president of product management, adding that the company had also notified the U.S. Federal Trade Commission and the Irish Data Protection Commission.

The security breach is also under investigation by the FBI, who asked the social media giant not to discuss who might be behind the hack. The attack started on September 14th and was shut down by Facebook in late September.

Facebook, Inc. shares closed at $153.74 on Friday, up $0.39 (+0.25%). Year-to-date, FB has declined -12.88%, versus a 4.76% rise in the benchmark S&P 500 index during the same period.

Overall, the bias in prices is: Downwards.

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

The projected upper bound is: 161.23.

The projected lower bound is: 145.35.

The projected closing price is: 153.29.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 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 26.5307. This is not an overbought or oversold reading. The last signal was a buy 3 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 35.39. 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 24 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 -100.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 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 5 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed up 0.390 at 153.740. Volume was 0% below average (neutral) and Bollinger Bands were 30% narrower than normal.

Open High Low Close Volume___
156.730 156.890 151.300 153.740 25,293,492

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

Moving Averages: 10-period 50-period 200-period
Close: 157.40 168.63 179.25
Volatility: 33 30 45
Volume: 27,116,450 25,084,164 27,719,732

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 14.2% below its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect moderate flows of volume out of FB.O (mildly bearish). Our trend forecasting oscillators are currently bearish on FB.O and have had this outlook for the last 15 periods.

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