Facebook, Inc. (NASDAQ:FB) WhatsApp cofounder ‘resting and vesting’

Facebook, Inc. (NASDAQ:FB) WhatsApp cofounder ‘resting and vesting’

Facebook, Inc. (NASDAQ:FB) WhatsApp cofounder ‘resting and vesting’

After WhatsApp co-founder Jan Koum announced he was leaving Facebook Inc. in late April, he has continued showing up at least monthly at the social-media giant’s headquarters.in Menlo Park, Calif. His incentive for making the appearances: about $450 million in stock awards, according to people familiar with the matter.

Koum’s unusual arrangement with Facebook FB, -0.87% is one of the more lucrative examples of a Silicon Valley practice sometimes called “rest and vest,” in which the holders of stock grants are allowed to stick around until they qualify to collect a sizable portion of their shares.

Overall, the bias in prices is: Downwards.

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

The projected upper bound is: 198.65.

The projected lower bound is: 159.87.

The projected closing price is: 179.26.

Candlesticks

A white body occurred (because prices closed higher 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 29 white candles and 21 black candles for a net of 8 white candles.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

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 28.5180. This is not an overbought or oversold reading. The last signal was a sell 4 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 40.33. 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 9 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 -5. This is not a topping or bottoming area. The last signal was a buy 10 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 4 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed down -1.580 at 179.530. Volume was 32% above average (neutral) and Bollinger Bands were 121% wider than normal.

Open High Low Close Volume___
179.340 180.870 174.780 179.530 33,020,232

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

Moving Averages: 10-period 50-period 200-period
Close: 181.29 194.08 181.92
Volatility: 34 63 44
Volume: 27,326,136 25,910,824 26,103,696

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 1.3% below 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 13 periods.

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