Twitter, Inc. (NASDAQ:TWTR) moves 194.38% away from One Year Low
Twitter, Inc. (TWTR) stock price recent trade pushed it move about -3.47% away from the 52-week high and closed 194.38% away from the 52-week low. TWTR stock price traded with surging change along with the volume 31.23 million shares in Wednesday trading session. Shares are trading price at $46.13 with move of 2.63%. The company’s 3-months average volume stands at 30.76 million. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 0.95. The total dollar value of all 732.39 million outstanding shares is 33.79 billion.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 38.56.
The projected upper bound is: 48.35.
The projected lower bound is: 42.77.
The projected closing price is: 45.56.
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 29 white candles and 21 black candles for a net of 8 white candles.
An engulfing bearish line occurred (where a black candle’s real body completely contains the previous white candle’s real body). The engulfing bearish pattern is bearish during an uptrend (which appears to be the case with TWITTER INC). It then signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle’s real body.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 44.9649. This is not an overbought or oversold reading. The last signal was a sell 2 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 72.96. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 73 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 64. This is not a topping or bottoming area. The last signal was a sell 2 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 34 period(s) ago.
Rex Takasugi – TD Profile
TWITTER INC closed down -0.890 at 45.240. Volume was 17% above average (neutral) and Bollinger Bands were 108% wider than normal.
Open High Low Close Volume___
46.360 46.870 44.205 45.240 6,919,913
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 44.51 35.03 26.88
Volatility: 53 50 62
Volume: 7,009,140 6,439,122 5,124,834
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.
TWITTER INC is currently 68.3% above its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect very strong flows of volume into TWTR.N (bullish). Our trend forecasting oscillators are currently bullish on TWTR.N and have had this outlook for the last 35 periods. Our momentum oscillator is currently indicating that TWTR.N is currently in an overbought condition. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.
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