Facebook, Inc. (NASDAQ:FB) Trading at All-Time Highs

Facebook, Inc. (NASDAQ:FB) Trading at All-Time Highs

Facebook, Inc. (NASDAQ:FB) Trading at All-Time Highs

After the giving short look at one day return of Facebook, Inc. it is observed that FB reported positive return of 1.33% in last trading session. It is a positive indicator for investor portfolio value — when the price of a stock Investor owns goes up in value. On the other side it is not a negative indicator for Investor portfolio value when the price of a stock Investor owns moves down in value.

Now we move forward to see the historical returns of Facebook, Inc. which is USA based stock. The stock is currently showing upward return of 3.17% throughout last week and witnessed increasing return of 7.22% in one month period. The stock price increased 24.50% in three months and mounted 17.71% for the last six months trading period.

Investors continue to snap up tech, at rich valuations no less, based on a strong uptrend in the sector’s profit margins. Amid loads of pricing power for things like cloud services to cybersecurity, profit margins are not only up nicely — but may keep heading higher in quarters to come. The ascent is even more impressive considering the rising amounts tech companies are paying to attract, and keep, top engineering talent.

Overall, the bias in prices is: Upwards.

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

The projected upper bound is: 217.24.

The projected lower bound is: 202.74.

The projected closing price is: 209.99.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 31 white candles and 19 black candles for a net of 12 white candles.

A bearish harami occurred (where the current small black body is contained within an unusually large white body). During an uptrend (which appears to be the case with FACEBOOK INC A) this pattern implies an end to the rally as the bulls appear to have exhausted themselves.

During a downtrend the bearish harami pattern is bullish as the bulls appear to be gaining strength as the bears weaken.

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 84.7104. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 16 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 67.01. 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 16 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 106.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 5 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 buy 6 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed down -0.630 at 209.360. Volume was 47% below average (neutral) and Bollinger Bands were 13% narrower than normal.

Open High Low Close Volume___
209.820 210.990 208.440 209.360 15,334,907

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 205.33 193.80 180.48
Volatility: 23 24 34
Volume: 15,241,227 17,028,438 23,570,774

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 16.0% above its 200-period moving average and is in an upward trend. Volatility is relatively normal 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 8 periods.

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