Facebook (NASDAQ:FB) Up Trending Channel With Volatility In The Charts

Facebook (NASDAQ:FB)  Up Trending Channel With Volatility In The Charts

$FB #Facebook #SocialMedia #USA #Nasdaq #Stocks #Trading #Markets

Facebook
Ticker: NASDAQ:FB
Price: $267.56

Facebook Outlook

Shares of Facebook Inc. Cl A FB, +2.35% advanced 2.36% to $267.56 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +0.32% rising 0.33% to 11,516.49 and the Dow Jones Industrial Average DJIA, +0.40% rising 0.40% to 28,308.79. The stock’s rise snapped a four-day losing streak. Facebook Inc. Cl A closed $37.11 below its 52-week high ($304.67), which the company achieved on August 26th.

The stock outperformed some of its competitors Tuesday, as Microsoft Corp. MSFT, +0.20% rose 0.20% to $214.65, Alphabet Inc. Cl A GOOGL, +1.38% rose 1.38% to $1,551.08, and Twitter Inc. TWTR, +1.15% rose 1.16% to $46.35. Trading volume (17.8 M) remained 4.3 million below its 50-day average volume of 22.1 M.

Business Summary

Facebook, Inc. is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces.

The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus.

Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Instagram enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends.

Messenger allows communicating with people and businesses alike across a range of platforms and devices.

WhatsApp Messenger is a messaging application that is used by people around the world and is available on a range of mobile platforms.

Its Oculus virtual reality technology and content platform offers products that allow people to enter an interactive environment to play games, consume content and connect with others.

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Upwards.

By the way, prices are vulnerable to a correction towards 259.18.

The projected upper bound is: 286.80.

The projected lower bound is: 248.51.

The projected closing price is: 267.65.

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 20 white candles and 30 black candles for a net of 10 black 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 20.9889. This is not an overbought or oversold reading. The last signal was a buy 0 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 52.15. 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 32 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 10. This is not a topping or bottoming area. The last signal was a sell 3 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 14 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed up 6.160 at 267.560. Volume was 23% below average (neutral) and Bollinger Bands were 28% narrower than normal.

Open     High     Low     Close     Volume
263.060  269.700  262.880 267.560   18,763,246
Technical Outlook
Short Term:        Neutral
Intermediate Term: Bearish
Long Term:         Bullish
Moving Averages: 10-period     50-period     200-period
Close:           267.17        268.32        224.43
Volatility:      36            44            57
Volume:          18,262,670    22,447,084    23,578,964

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 19.2% above 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 25 periods.

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