Twitter, Inc. (NYSE:TWTR) Can Twitter, Inc.’s Growth Accelerate Again?
Twitter (NYSE:TWTR) has been on a roll. After the company reported its first profit ever and returned to growth in the fourth quarter of 2017, growth accelerated as all of its major products and geographies saw improvement. As a result, Twitter shares have surged, rising 87% year to date.
This performance puts pressure on quarterly results later this month. With such an impressive run-up in the rearview mirror, the stock may be more susceptible to a meaningful pullback if the company fails to meet expectations when it reports its second-quarter results. Here’s an overview of two important areas to watch when the latest quarterly figures go live.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 46.95.
The projected lower bound is: 41.33.
The projected closing price is: 44.14.
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 31 white candles and 19 black candles for a net of 12 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 45.1613. This is not an overbought or oversold reading. The last signal was a sell 10 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 57.61. 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 6 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 -57. This is not a topping or bottoming area. The last signal was a sell 10 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 -1.090 at 43.890. Volume was 54% below average (consolidating) and Bollinger Bands were 10% narrower than normal.
Open High Low Close Volume___
45.320 45.470 43.800 43.890 2,722,633
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 44.73 37.26 27.95
Volatility: 48 46 62
Volume: 5,390,630 6,519,058 5,205,075
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 57.0% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. 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 43 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.
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