Twitter Inc (NYSE:TWTR) HEFFX Highlights

Twitter Inc (NYSE:TWTR) HEFFX Highlights

Twitter Inc (NYSE:TWTR) HEFFX Highlights

Highlights:

  • Twitter user receives year’s supply of Wendy’s chicken nuggets
  • Twitter today said it has begun to use artificial intelligence (A.I.) to recommend certain tweets in users’ timelines.
  • Bow Wow barked at on Twitter for claiming he flies private
  • An international team has developed a unique computational model to project the spread of the seasonal flu in real time. Using Twitter.
  • Twitter has trouble finding new users, attracting advertising, and innovating new products — all of which are listed as risk factors in the company’s financial filings.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

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

By the way, prices are vulnerable to a correction towards 16.70.

The projected upper bound is: 19.29.

The projected lower bound is: 17.41.

The projected closing price is: 18.35.

TWITTER INC closed down -0.070 at 18.300. Volume was 100% below average (consolidating) and Bollinger Bands were 176% wider than normal.

Open         High          Low          Close         Volume
18.300      18.300      18.300     18.300      650

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period         50-period         200-period
Close:                       17.96                 15.53                 17.53
Volatility:                49                      37                      68
Volume:                   28,071,150      17,259,830      24,475,658

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 4.4% above 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 very strong flows of volume into TWTR.K (bullish). Our trend forecasting oscillators are currently bullish on TWTR.K and have had this outlook for the last 12 periods. Our momentum oscillator is currently indicating that TWTR.K is currently in an overbought condition.

HEFFX Momentum

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 43.8538. 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 75.36. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 148 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 60. This is not a topping or bottoming area. The last signal was a sell 2 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 17 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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