Twitter, Inc. (NYSE:TWTR) added to efforts to address concerns over privacy protection on social media
Twitter Inc. on Thursday added to efforts to address concerns over privacy protection on social media.
Privacy has become a critical issue for social media and tech companies, particularly since news reports last year revealed political consultancy Cambridge Analytica improperly obtained data on tens of millions of Facebook users. The scandal sparked a wave of concern about how the company gathers personal information, shares it with partners and uses it to sell digital advertising.
Twitter’s first-quarter sales forecast last month indicated tepid user growth, suggesting that improvement efforts hadn’t yet done much to expand its audience. The stock has gained 4.8 percent since the start of the year, though is still 37 percent below the multi-year high it reached last June.
Overall, the bias in prices is: Downwards.
By the way, prices are vulnerable to a correction towards 31.76.
The projected upper bound is: 32.90.
The projected lower bound is: 27.46.
The projected closing price is: 30.18.
A black body occurred (because prices closed lower 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 28 white candles and 21 black candles for a net of 7 white candles.
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 50.7500. This is not an overbought or oversold reading. The last signal was a buy 15 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 42.49. 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 48 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 -111.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 16 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 sell 6 period(s) ago.
Rex Takasugi – TD Profile
TWITTER INC closed down -0.680 at 30.120. Volume was 27% below average (neutral) and Bollinger Bands were 70% narrower than normal.
Open High Low Close Volume___
30.760 30.800 30.010 30.120 3,055,731
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 30.90 31.29 34.03
Volatility: 35 56 68
Volume: 2,905,759 3,640,248 4,942,599
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 11.5% below 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 TWTR.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on TWTR.N and have had this outlook for the last 11 periods.