Twitter, Inc. (NYSE:TWTR) Can It Rebound?
It has been about a month since the last earnings report for Twitter ( TWTR ). Shares have lost about 1.8% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Twitter due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recen t earnings report in order to get a better handle on the important catalysts.
Twitter reported first-quarter 2019 non-GAAP earnings of 37 cents per share that skyrocketed 131.3% year over year.
Excluding benefit from deferred tax asset worth $124.4 million, adjusted earnings were 9 cents compared with 8 cents reported in the year-ago quarter.
Revenues increased 18% year over year to $787 million. On a constant-currency (cc) basis, revenues grew 20%.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 40.26.
The projected lower bound is: 34.35.
The projected closing price is: 37.31.
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 26 white candles and 24 black candles for a net of 2 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 40.8896. This is not an overbought or oversold reading. The last signal was a buy 6 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 48.83. 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 sell 12 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 -63. This is not a topping or bottoming area. The last signal was a buy 6 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 11 period(s) ago.
Rex Takasugi – TD Profile
TWITTER INC closed down -1.390 at 37.190. Volume was 14% above average (neutral) and Bollinger Bands were 15% narrower than normal.
Open High Low Close Volume___
38.120 38.150 36.800 37.190 3,763,616
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 37.61 35.83 32.62
Volatility: 47 51 59
Volume: 2,781,118 3,252,958 3,967,997
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 14.0% above its 200-period moving average and is in an downward 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.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 4 periods.