Twitter, Inc. (NYSE:TWTR) Climbs Despite Lawsuits
Twitter saw its stock climb 3% despite rising attention to a lawsuit from a member of Congress. Republican Rep. Devin Nunes of California named the social media giant as a co-defendant in a suit filed on Monday in a Virginia state court alleging $250 million in compensatory and punitive damages for negligence, defamation, and conspiracy, arguing that “insulting words” from named Twitter users and parody accounts damaged Nunes’ reputation.
Popular opinion about the litigation spans the gamut. Some believe that social media outlets like Twitter have a bias against certain points of view, inconsistently applying terms of service to those with differing viewpoints. More cynical observers see the lawsuit as a publicity stunt with motivations to energize a political base.
For Twitter, it isn’t the first time that the company has faced scrutiny for the content it allows its users to publish to its social media platform. Yet in terms of legal liability, few believe that Twitter’s likely to end up on the hook for a nine-figure damages award at the end of the day.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 34.98.
The projected lower bound is: 30.21.
The projected closing price is: 32.59.
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 27 white candles and 22 black candles for a net of 5 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 76.2295. This is not an overbought or oversold reading. The last signal was a sell 2 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 60.42. 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 57 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 211.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 7 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 buy 6 period(s) ago.
Rex Takasugi – TD Profile
TWITTER INC closed up 1.300 at 32.570. Volume was 1% above average (neutral) and Bollinger Bands were 64% narrower than normal.
Open High Low Close Volume___
31.240 32.650 31.160 32.570 3,957,070
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 31.07 31.72 33.90
Volatility: 32 47 67
Volume: 3,496,669 3,472,429 4,933,600
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 3.9% below 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 volume flowing into and out of TWTR.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on TWTR.N and have had this outlook for the last 1 periods.
Latest posts by HEFFX Australia (see all)
- Milan Fashion Week Summer/Spring 2020 continues to amaze - September 21, 2019
- China’s AliExpress debuts at Milan Fashion Week with special “buy while watching” event - September 21, 2019
- G1 Goal for New Pierro Stakes-Winner Rock - September 20, 2019