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Russia Might Ban Facebook (NASDAQ:FB)

$FB #Facebook #SocialMedia #Nasdaq #Stocks #Trading #Metastock

Facebook
Ticker: NASDAQ:FB
Price: $277.00

Facebook News

Facebook FB might get banned in Russia along with other Internet-based platforms such as Twitter TWTR, and Alphabet’s GOOGL Google owned video-streaming platform, YouTube over arbitrary censorship exercised by these social media, per a Financial Express report.

Reportedly, Facebook, Instagram YouTube and Twitter have failed to remove hundreds of URL pages containing prohibited content, as required by Russian law.

Markedly, Russia’s lower house of parliament, which passed draft legislation in a third reading, suggested that authorities can target platforms if they have been found to limit information based on nationality and language.

The legislation now needs to get approval from the upper house Federation Council before president Vladimir Putin signs it into law.

The Kremlin in recent years has stepped up its efforts to control the Russian segment of the Internet under the pretext of combatting online extremism.

In February, a Moscow court fined Twitter and Facebook for ignoring a Russian law requiring them to store citizens’ user data inside the country.

Markedly, Facebook’s shares have returned 30.2% on a year-to-date basis, underperforming the Internet – Services industry’s rally of 33.6%.

Business Summary

Facebook continues to confront election rated censorship controversies. However, it remains a staple in technology and a blue-chip stock with enticing upside.

Our AI systems rated Facebook C in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 6.31% to $263.11 on volume of 47,299,002 vs its 10-day price average of $274.26 and its 22-day price average of $269.78, and is up 25.42% for the year.

Revenue grew by 11.71% in the last fiscal year and grew by 94.27% over the last three fiscal years, Operating Income grew by 19.88% in the last fiscal year and grew by 42.33% over the last three fiscal years, EPS grew by 36.52% in the last fiscal year and grew by 62.85% over the last three fiscal years.

Revenue was $70697.0M in the last fiscal year compared to $40653.0M three years ago, Operating Income was $23986.0M in the last fiscal year compared to $20203.0M three years ago, EPS was $6.43 in the last fiscal year compared to $5.39 three years ago, and ROE was 19.96% in the last year compared to 23.86% three years ago.

Forward 12M Revenue is expected to grow by 16.71% over the next 12 months, and the stock is trading with a Forward 12M P/E of 26.3.

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Upwards.

The projected upper bound is: 297.87.

The projected lower bound is: 256.54.

The projected closing price is: 277.21.

Candlesticks

A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
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 23 white candles and 27 black candles for a net of 4 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 44.4922. 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 52.26. 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 79 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 11 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed up 9.600 at 277.000. Volume was 12% above average (neutral) and Bollinger Bands were 41% narrower than normal.

Open     High     Low     Close     Volume
268.740  277.300  265.660 277.000   23,299,708
Technical Outlook
Short Term:        Neutral
Intermediate Term: Bearish
Long Term:         Bullish
Moving Averages: 10-period     50-period      200-period
Close:           272.87        275.93         241.22
Volatility:      27            48             54
Volume:          17,753,194    18,646,072     23,503,514

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 14.8% above its 200-period moving average and is in an downward trend. Volatility is 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 10 periods.

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