Facebook, Inc. (NASDAQ:FB) What’s Next for Facebook

Facebook, Inc. (NASDAQ:FB) What’s Next for Facebook

Facebook, Inc. (NASDAQ:FB) What’s Next for Facebook

Last Thursday, Facebook (NASDAQ: FB) stock shares collapsed over 20% after it reported earnings for a shocking tear drop price drop.  However, this week the shares have bounced off of the lows of last week to even help push the Nasdaq up a bit as Facebook stock heavily weights the Nasdaq 100 index.

Today though Facebook is in the red in the afternoon and the Nasdaq is performing worse than the S&P 500 on this Tuesday too.

At the moment, there are a total of 46 analysts who cover Facebook, Inc. (NASDAQ:FB) stock. Among that group, 20 of them gave BUY ratings, 20 of them rated the stock as OUTPERFORM, 4 recommended it as HOLD, 1 set the rating at UNDERPERFORM and 1 rated it as a SELL. Looking at the big picture from the data above, the average analyst rating for Facebook, Inc. is 1.80.

Overall, the bias in prices is: Downwards.

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

The projected upper bound is: 203.24.

The projected lower bound is: 164.34.

The projected closing price is: 183.79.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 31 white candles and 19 black candles for a net of 12 white 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 87.7250. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 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 43.31. 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 3 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 -16. This is not a topping or bottoming area. The last signal was a buy 4 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 8 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed down -1.880 at 183.810. Volume was 27% above average (neutral) and Bollinger Bands were 156% wider than normal.

Open High Low Close Volume___
186.500 188.300 183.720 183.810 33,398,562

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

Moving Averages: 10-period 50-period 200-period
Close: 180.76 195.21 181.66
Volatility: 129 63 45
Volume: 57,442,748 25,505,354 25,922,326

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 1.2% above 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 7 periods.

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