Twitter Inc (NYSE:TWTR) HEFFX Highlights

Twitter Inc (NYSE:TWTR) HEFFX Highlights

Twitter Inc (NYSE:TWTR) HEFFX Highlights

  • Twitter Inc (NYSE:TWTR) is in trouble. The company’s recent limited success with live streaming and its quest to morph its business model into a live TV for the Internet have led to inflated prices in TWTR stock and excessive exuberance in the financial media.
  • Twitter stock is facing a potentially dangerous short-term head-and-shoulders formation.
  • The late April surge in Twitter shares led to a minor plateau just above $18, with TWTR eventually breaking out to a peak near $20 on May 16. The shares were rejected immediately, and a subsequent test of support at $18 failed, leading to what could be the final resolution of this bearish technical formation.

Twitter, Inc. offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser. Its Promoted Products enable its advertisers to promote their brands, products and services, amplify their visibility and reach, and extend the conversation around their advertising campaigns. Promoted Accounts appear in the same format and place as accounts suggested by its Who to Follow recommendation engine, or in some cases, in Tweets in a user’s timeline. Promoted Trends appear at the top of the list of trending topics for an entire day in a particular country or on a global basis. Its MoPub is a mobile-focused advertising exchange. Twitter Audience Platform is an advertising offering.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 17.96.

The projected lower bound is: 15.65.

The projected closing price is: 16.81.

TWITTER INC closed down -0.130 at 16.770. Volume was 100% below average (consolidating) and Bollinger Bands were 6% narrower than normal.

Open        High         Low          Close        Volume
16.770      16.770      16.770      16.770      8,478

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

Moving Averages: 10-period          50-period       200-period
Close:                       17.81                  16.85                17.51
Volatility:                33                       43                     63
Volume:                   13,928,934      18,667,540      22,936,504

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 4.2% below its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of TWTR.K at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on TWTR.K and have had this outlook for the last 3 periods.

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 22.2449. This is not an overbought or oversold reading. The last signal was a buy 0 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 37.50. 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 17 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 -173.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 10 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 16 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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