Facebook, Inc. (NASDAQ:FB) Target $275

Facebook, Inc. (NASDAQ:FB) Target $275

Facebook, Inc. (NASDAQ:FB) Target $275

Analysts are speculating a 94.28% move, based on the high target price ($275) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $193.41 price target, but the stock is already up 1.81% from its recent lows. However, the stock is trading at -35.25% versus recent highs ($218.62). Analysts believe that we could see stock price minimum in the $125 range (lowest target price), allowing for another -11.69% drop from its current position. Leading up to this report, we have seen a -7.93% fall in the stock price over the last 30 days and a -21.84% decline over the past 3 months. Overall, the share price is down -19.78% so far this year. Additionally, FB had a day price range of $140.4899 to $145.04.

Facebook, Inc. (FB) Price Potential

Heading into the stock price potential, Facebook, Inc. needs to grow just 34.23% to cross its median price target of $190. In order to determine directional movement, the 50-day and 200-day moving averages for Facebook, Inc. (NASDAQ:FB) are $154.54 and $177.04. Given that liquidity is king in short-term, FB is a stock with 2.93 billion shares outstanding that normally trades 1.2% of its float. The stock price recently experienced a 5-day loss of -4.8% with 4.96 average true range (ATR). FB has a beta of 0.56 and RSI is 36.21.

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 163.76.

The projected upper bound is: 150.74.

The projected lower bound is: 132.42.

The projected closing price is: 141.58.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 black candles.

A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

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 10.6539. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 11 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 36.50. 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 46 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 -103.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 9 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 1 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed up 0.610 at 142.160. Volume was 44% below average (neutral) and Bollinger Bands were 29% narrower than normal.

Open High Low Close Volume___
142.000 144.880 141.620 142.160 15,141,710

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

Moving Averages: 10-period 50-period 200-period
Close: 148.06 156.54 175.50
Volatility: 35 38 47
Volume: 24,012,160 25,462,532 28,001,928

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 19.0% below its 200-period moving average and is in an downward 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 bearish on FB.O and have had this outlook for the last 37 periods.

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