Twitter, Inc. (NYSE:TWTR) has the potential to become a much bigger force in media, denying an opportunity for Apple stock
With each day that goes by, Twitter (NYSE:TWTR) becomes increasingly entrenched in our lives. Obviously, the prevalence of this social media platform boosts the case for TWTR stock. Unfortunately, the same cannot be said about Apple’s (NASDAQ:AAPL) subscription news service Apple News+. It’s a wrinkle that could negatively impact AAPL stock.
Just to recap, earlier this year, the consumer technology giant announced a mobile-app service which aggregates various news sources. The idea here was both simple yet brilliant: provide readers with access to hundreds of magazines and leading newspapers, all in one place. And if market enthusiasm is any indicator, Apple stock steadily gained – after a brief volatile phase — following the announcement.
It’s no surprise that both Apple and the magazine/newspaper industry jumped on this symbiotic opportunity. For years, print publications have cratered, even in outlets such as grocery stores. Waiting in line at the checkout counter can sometimes be a frustrating experience. That’s why grocers target this area for magazines and other publications.
It’s been a great revenue source until digitalization disrupted everything. However, traditional print-media companies are warming up to digital trends: if you can’t beat them, join them. And this is the driving force behind Apple News+. Theoretically, it provides another revenue channel to further lift AAPL stock.
Just as importantly, Apple News+ gives the tech firm a chance to do some disrupting of its own. As mentioned at the top, Twitter has penetrated the mainstream consciousness. Naturally, TWTR stock has moved higher after slugging through its doldrums.
With elements like peak smartphone negatively impacting Apple stock, the underlying company could use another sales base. However, early indicators suggest that Apple News+ is no panacea.
Overall, the bias in prices is: Upwards.
By the way, prices are vulnerable to a correction towards 35.75.
The projected upper bound is: 38.74.
The projected lower bound is: 34.08.
The projected closing price is: 36.41.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 black 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 81.7652. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 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 52.20. 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 42 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 74. This is not a topping or bottoming area. The last signal was a buy 4 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 3 period(s) ago.
Rex Takasugi – TD Profile
TWITTER INC closed up 0.200 at 36.450. Volume was 34% below average (neutral) and Bollinger Bands were 30% narrower than normal.
Open High Low Close Volume___
36.030 36.635 35.870 36.450 1,928,230
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 35.62 37.16 33.17
Volatility: 29 40 58
Volume: 2,234,461 2,671,271 3,763,189
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 9.9% above 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 moderate flows of volume out of TWTR.N (mildly bearish). Our trend forecasting oscillators are currently bullish on TWTR.N and have had this outlook for the last 1 periods. Our momentum oscillator has set a new 14-period high while the security price has not. This is a bullish divergence.
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