Twitter, Inc. (NYSE:TWTR) Gains As Market Dips

Twitter, Inc. (NYSE:TWTR) Gains As Market Dips

Twitter, Inc. (NYSE:TWTR) Gains As Market Dips

Twitter (TWTR) closed the Monday at final price of $32.01 after traded 18114281 shares. The average volume was noted at 24632.4K shares while its relative volume was seen at 0.74. Volume indicator is significant for screening stocks. Average volume—the typical volume seen in a day over a period time—helps greatly in this regard.

Day traders need to be able to get in and out of a stock quickly and with ease, so they will want to trade stocks with high daily volume – typically 1 million shares at absolute minimum. Swing traders and investors have a little more leeway and therefore may trade stocks with lower volume, around 500,000 and 100,000 shares or more per day, respectively. They still want stocks that have enough volume to get in and out when they need to, but the urgency is not quite as high as it is for short-term traders.

Short Ratio of stock is 2.06. Twitter is a part of Technology sector and belongs to Internet Information Providers industry. The recent session has given its stock price a 62.24% up lead over its 52-week low and showed down move of -33.02% over its 52-week high.

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 32.85.

The projected upper bound is: 35.61.

The projected lower bound is: 29.27.

The projected closing price is: 32.44.

Candlesticks

A white body occurred (because prices closed higher than they opened).
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 29 white candles and 21 black candles for a net of 8 white candles.

A bullish harami occurred (where the current small white body is contained within an unusually large black body). During a downtrend this pattern implies an end to the decline as the bears appear to have exhausted themselves.

During an uptrend (which appears to be the case with TWITTER INC) the bullish harami pattern is bearish as the bears appear to be gaining strength as the bulls weaken.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

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 22.3813. This is not an overbought or oversold reading. The last signal was a sell 7 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 52.23. 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 40 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 -94. This is not a topping or bottoming area. The last signal was a sell 7 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 sell 1 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed up 0.480 at 32.490. Volume was 28% below average (neutral) and Bollinger Bands were 12% wider than normal.

Open High Low Close Volume___
32.410 32.840 31.470 32.490 3,399,724

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

Moving Averages: 10-period 50-period 200-period
Close: 33.99 30.40 33.83
Volatility: 46 67 70
Volume: 4,057,005 4,854,271 5,533,582

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 4.0% below its 200-period moving average and is in an upward trend. Volatility is high 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 16 periods.

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