Twitter, Inc. (NYSE:TWTR) More Pressure

Twitter, Inc. (NYSE:TWTR) More Pressure

Twitter, Inc. (NYSE:TWTR) More Pressure

Wall Street analysts will be watching closely when Twitter, Inc. (NYSE:TWTR) reports its quarterly earnings next, which is scheduled for Thu 7 Feb (In 4 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.20 per share. In the preceding quarter, the company reportedly generated EPS of $0.21 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 12.30%, a profit margin of 36.30%68.10%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Twitter, Inc. (NYSE:TWTR). Most recently, on January 10th, 2019, BofA/Merrill Upgrade a Buy rating. Before that, on December 6th, 2018, Guggenheim Initiated to Buy. Aegis Capital Reiterated a Buy rating on October 29th, 2018, Oppenheimer Upgrade an Outperform rating on October 26th, 2018, and Barclays Reiterated a Underweight rating on October 26th, 2018.

At its current price point, combined with the fact that this company has 731.40M shares outstanding, the current market capitalization sits at 24.28B. In the last trading day, 18,776,742 shares of Twitter, Inc. were traded, which compares to its usual volume of about 21.11M shares per day of trading.

Overall, the bias in prices is: Upwards.

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

By the way, prices are vulnerable to a correction towards 31.98.

The projected upper bound is: 37.42.

The projected lower bound is: 30.54.

The projected closing price is: 33.98.

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 30 white candles and 20 black candles for a net of 10 white candles.

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 83.7240. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 6 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 58.01. 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 26 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 136.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 14 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 2 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed up 0.750 at 33.940. Volume was 39% below average (neutral) and Bollinger Bands were 56% narrower than normal.

Open High Low Close Volume___
33.340 34.170 33.250 33.940 2,683,074

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

Moving Averages: 10-period 50-period 200-period
Close: 32.54 31.96 34.06
Volatility: 58 70 67
Volume: 3,290,406 4,160,412 5,053,881

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 0.4% below 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 into TWTR.N (mildly bullish). Our trend forecasting oscillators are currently bullish on TWTR.N and have had this outlook for the last 16 periods.

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