Twitter, Inc. (NYSE:TWTR) Lead Over its Technicals

Twitter, Inc. (NYSE:TWTR) Lead Over its Technicals

Twitter, Inc. (NYSE:TWTR) Lead Over its Technicals

Twitter, Inc. by far traveled 76.64% versus a 1-year low price of $19.26. The share price was last seen -0.82% lower, reaching at $34.02 on Nov. 05, 2018. At recent session, the prices were hovering between $33.37 and $34.28. This company shares are 1.26% off its target price of $34.45 and the current market capitalization stands at $26.14B.

The recent change has given its price a 11.16% lead over SMA 50 and -28.81% deficit over its 52-week high. The stock witnessed 19.83% gains, 4.13% gains and 6.81% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TWTR’s volatility during a week at 4.9% and during a month it has been found around 5.29%.

The market experts are predicting a 32.28% rally, based on the high target price ($45) for Twitter, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $24 range (lowest target price). If faced, it would be a -29.45% drop from its current position. Overall, the share price is up 41.69% year to date.

Overall, the bias in prices is: Upwards.

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

The projected upper bound is: 37.42.

The projected lower bound is: 31.36.

The projected closing price is: 34.39.

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 28 white candles and 22 black candles for a net of 6 white candles.

An engulfing bullish line occurred (where a white candle’s real body completely contains the previous black candle’s real body). The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.

If the engulfing bullish pattern occurs during an uptrend (which appears to be the case with TWITTER INC), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle’s real body.

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 61.9196. 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 65.96. 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 35 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 77. 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 29 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed up 0.400 at 34.420. Volume was 30% below average (neutral) and Bollinger Bands were 32% wider than normal.

Open High Low Close Volume___
33.950 34.810 33.890 34.420 3,403,359

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

Moving Averages: 10-period 50-period 200-period
Close: 33.01 30.57 33.59
Volatility: 91 64 71
Volume: 6,559,380 4,843,417 5,632,142

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 2.5% 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 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 11 periods.

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