Twitter, Inc. (NYSE:TWTR) “Buy” Rating Reconfirmed at UBS Today

Twitter, Inc. (NYSE:TWTR) “Buy” Rating Reconfirmed at UBS Today

Twitter, Inc. (NYSE:TWTR) “Buy” Rating Reconfirmed at UBS Today

Investors sentiment decreased to 1.23 in Q1 2018. Its down 0.14, from 1.37 in 2017Q4. It turned negative, as 51 investors sold Twitter, Inc. shares while 142 reduced holdings. 97 funds opened positions while 141 raised stakes. 438.53 million shares or 11.95% more from 391.71 million shares in 2017Q4 were reported.

Recently, In a note revealed to investors on Friday morning, Twitter (NYSE:TWTR) shares have had their “Buy” Rating reaffirmed by equity research analysts at UBS, who currently has a $52.00 TP on company. This target by UBS indicates the possibile upside of 15.68 % from the close price.

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 37.95.

The projected upper bound is: 48.06.

The projected lower bound is: 42.52.

The projected closing price is: 45.29.

Candlesticks

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.

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

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 60.5483. This is not an overbought or oversold reading. The last signal was a sell 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 76.32. 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 71 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 72. This is not a topping or bottoming area. The last signal was a sell 0 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 32 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed down -1.050 at 44.950. Volume was 32% above average (neutral) and Bollinger Bands were 118% wider than normal.

Open High Low Close Volume___
45.130 45.710 43.570 44.950 7,880,310

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

Moving Averages: 10-period 50-period 200-period
Close: 43.35 34.38 26.59
Volatility: 51 51 62
Volume: 13,416,641 6,374,082 5,084,358

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 69.1% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. 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 33 periods. Our momentum oscillator is currently indicating that TWTR.N is currently in an overbought condition.

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