Twitter, Inc. (NYSE:TWTR) brings back election labels for 2020 US candidates

Twitter, Inc. (NYSE:TWTR) brings back election labels for 2020 US candidates

Twitter, Inc. (NYSE:TWTR) brings back election labels for 2020 US candidates

Twitter is bringing back special labels to help users identify accounts and tweets from U.S. political candidates.

The company, which first used such labels for the midterms last year, said it is trying to provide users with original sources of information and prevent spoofed and fake accounts from fooling voters.

Many political candidates already have blue checkmarks to indicate that Twitter has checked that they are who they say they are.

The election labels go further and provide details such as what office a person is running for and where. They will also carry a small ballot box icon. The labels will appear on candidates’ accounts and tweets, even if they are retweeted by someone else.

Twitter hopes its efforts will help people know when candidates are behind the words attributed to them. This could prevent someone from creating an account pretending to be a politician, for instance, or attributing a tweet to a candidate who didn’t actually make the tweet.

Twitter, along with Facebook and other social media companies, has been under heavy scrutiny for allowing their services to be misused by malicious individuals and groups trying to influence elections around the world.

Facebook also verifies accounts for public figures and celebrities, while YouTube verifies official channels. But they don’t go as far as adding election labels.

Labels will be used only for general election candidates and will start appearing once candidates have won their parties’ primaries or have otherwise qualified for the general election ballot.

Twitter said it will apply the labels in House, Senate and gubernatorial races. Presidential candidates are not included in Twitter’s new policies. Twitter didn’t say why. Nor did it say whether it would extend labels to elections abroad.

Major presidential candidates already have blue checkmarks to indicate that Twitter has checked that they are who they say they are. Many candidates for House, Senate and gubernatorial races have them as well.

Twitter said Thursday it will verify additional accounts, even if candidates do not seek them, by working with the nonprofit, nonpartisan Ballotpedia. Twitter said the verifications will happen on a rolling basis as candidates qualify for next year’s primaries.

Technical Indicators

Overall, the bias in prices is: Downwards.

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

The projected upper bound is: 33.75.

The projected lower bound is: 26.48.

The projected closing price is: 30.11.

Candlesticks

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 22 white candles and 28 black candles for a net of 6 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 47.3684. This is not an overbought or oversold reading. The last signal was a sell 8 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 44.11. 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 14 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 -15. This is not a topping or bottoming area. The last signal was a sell 8 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 22 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed down -0.250 at 30.300. Volume was 58% above average (neutral) and Bollinger Bands were 65% narrower than normal.

Open     High      Low     Close     Volume___
30.480 30.590 29.935 30.300 4,596,993
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period     50-period     200-period
Close: 30.24 32.87 36.56
Volatility: 22 67 51
Volume: 2,717,563 3,228,347 2,946,261

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 17.1% below its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect moderate flows of volume into TWTR.N (mildly bullish). Our trend forecasting oscillators are currently bullish on TWTR.N and have had this outlook for the last 8 periods.

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