Facebook, Inc. (NASDAQ:FB) Stock Performance
Facebook stock closed at 144.19, down 2.2%, on the stock market today. Company shares have plunged about 34% since hitting a record high of 218.62 on July 25. But Facebook stock fell 19% the day after the company reported second-quarter earnings that missed estimates on revenue.
Sebastian said that recent checks with digital marketing partners suggest stable demand from Facebook advertisers during the fourth quarter.
“There is little evidence of an advertising backlash related to recent data-privacy concerns, nor a material shift in ad budgets away from Facebook to other platforms,” he said. “We expect a solid Q4 report despite management distractions, with most of our checks suggesting Q4 ad trends were in line with expectations.”
Jefferies analyst Brent Thill has a buy rating on Facebook stock and price target of 180.
“Contrary to popular belief our data checks do not point to users and advertisers leaving in droves,” Thill wrote in a note to clients.
Overall, the bias in prices is: Downwards.
The projected upper bound is: 155.13.
The projected lower bound is: 133.34.
The projected closing price is: 144.23.
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 30 white candles and 20 black candles for a net of 10 white candles.
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 49.9809. This is not an overbought or oversold reading. The last signal was a sell 8 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 51.31. 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 44 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 sell 5 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 sell 0 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed down -3.280 at 144.190. Volume was 32% below average (neutral) and Bollinger Bands were 7% wider than normal.
Open High Low Close Volume___
148.090 148.100 143.430 144.190 17,631,952
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 147.32 139.77 166.99
Volatility: 32 51 48
Volume: 20,773,606 26,052,618 24,731,486
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 13.7% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. 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 15 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.
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