Twitter, Inc. (NYSE:TWTR) fell as much as 4 percent on Wednesday after a pair of interviews with CEO Jack Dorsey were published online

Twitter, Inc. (NYSE:TWTR) fell as much as 4 percent on Wednesday after a pair of interviews with CEO Jack Dorsey were published online

Twitter, Inc. (NYSE:TWTR) fell as much as 4 percent on Wednesday after a pair of interviews with CEO Jack Dorsey were published online

Twitter’s share price fell as much as 4 percent on Wednesday after a pair of interviews with CEO Jack Dorsey were published online.

Dorsey held interviews with Rolling Stone and went on The Bill Simmons Podcast to chat about the state of the company and its various issues.

Asked by Simmons when the company will finally fix its harassment problems, Dorsey said, “I don’t think there’s going to be one single fix. I think it’s going to be a constant evolution.”

“I will say that we don’t feel great about the state that we’re in,” Dorsey said. “Our entire harassment and abuse framework is dependent upon people reporting harassment and abuse, and it’s completely unfair that the victim of the abuse and harassment has to report it themselves.”

Speaking with Rolling Stone, Dorsey addressed the Nazis and white nationalists on the service and why Twitter isn’t more proactive about removing users who align with violent extremist groups.

Overall, the bias in prices is: Downwards.

The projected upper bound is: 34.36.

The projected lower bound is: 27.42.

The projected closing price is: 30.89.

Candlesticks

A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white 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 24.7640. This is not an overbought or oversold reading. The last signal was a sell 5 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 46.44. 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 18 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 -29. This is not a topping or bottoming area. The last signal was a sell 6 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 11 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed down -1.280 at 30.970. Volume was 11% below average (neutral) and Bollinger Bands were 14% wider than normal.

Open High Low Close Volume___
32.260 32.450 30.730 30.970 4,061,482

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 32.54 32.00 33.93
Volatility: 41 70 68
Volume: 3,131,744 4,198,478 5,091,642

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 8.7% below its 200-period moving average and is in an upward 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 bullish on TWTR.N and have had this outlook for the last 8 periods.

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