Twitter Inc (NYSE:TWTR) Apologizes to New York Times

Twitter Inc (NYSE:TWTR) Apologizes to New York Times

Twitter Inc (NYSE:TWTR) Apologizes to New York Times

  • The company was criticized after it froze the account of actress Rose McGowan in October, when she included a phone number in one of her tweets about misconduct by movie producer Harvey Weinstein.
  • Then, after verifying a white supremacist this month, the company paused the entire verification program and now has new rules: the company can revoke verification for behaviour both on and off the platform.
  • This weekend, Twitter locked The New York Times’ international team account. The account was blocked Saturday afternoon and unlocked about 24 hours later, on Sunday afternoon.
  • The social network said that a @nytimesworld tweet violated Twitter’s rule against hateful conduct. The tweet promoted an article about Prime Minister Justin Trudeau’s apology to Indigenous people in Newfoundland and Labrador, where for much of the 20th century their children were compelled to attend boarding schools that separated them from their families and cultures.

Twitter, Inc. offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser. Its Promoted Products enable its advertisers to promote their brands, products and services, amplify their visibility and reach, and extend the conversation around their advertising campaigns. Promoted Accounts appear in the same format and place as accounts suggested by its Who to Follow recommendation engine, or in some cases, in Tweets in a user’s timeline. Promoted Trends appear at the top of the list of trending topics for an entire day in a particular country or on a global basis. Its MoPub is a mobile-focused advertising exchange. Twitter Audience Platform is an advertising offering.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

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

The projected upper bound is: 23.70.

The projected lower bound is: 20.09.

The projected closing price is: 21.90.

TWITTER INC closed down -0.600 at 21.820. Volume was 19% above average (neutral) and Bollinger Bands were 1% narrower than normal.

Open          High          Low              Close        Volume
22.360       22.400       21.700        21.820      19,671,432

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period           50-period           200-period
Close:                       21.08                   18.93                  17.37
Volatility:                34                        60                        47
Volume:                   14,430,784        17,737,422         17,008,346

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
TWITTER INC is currently 25.6% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of TWTR.K at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on TWTR.K and have had this outlook for the last 21 periods.

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 86.7704. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 11 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 65.16. This is not a topping or bottoming area. However, the RSI just crossed below 70 from a topping formation. This is a bearish sign. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 0 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 105.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 17 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.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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