Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains
Twitter closed at $32.95 in the latest trading session, marking a +1.79% move from the prior day. The stock outpaced the S&P 500’s daily gain of 1.07%. At the same time, the Dow added 0.65%, and the tech-heavy Nasdaq gained 1.71%.
Prior to today’s trading, shares of the short messaging service had lost 3.17% over the past month. This has lagged the Computer and Technology sector’s loss of 2.02% and the S&P 500’s loss of 0.58% in that time.
Wall Street will be looking for positivity from TWTR as it approaches its next earnings report date. This is expected to be February 7, 2019. In that report, analysts expect TWTR to post earnings of $0.25 per share. This would mark year-over-year growth of 31.58%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $871.79 million, up 19.17% from the year-ago period.
Any recent changes to analyst estimates for TWTR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 36.68.
The projected lower bound is: 29.83.
The projected closing price is: 33.26.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 8 white candles and 2 black candles for a net of 6 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 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 50.5747. This is not an overbought or oversold reading. The last signal was a sell 3 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 57.77. 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 16 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 81. This is not a topping or bottoming area. The last signal was a sell 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 9 period(s) ago.
Rex Takasugi – TD Profile
TWITTER INC closed up 0.420 at 33.270. Volume was 31% below average (neutral) and Bollinger Bands were 21% wider than normal.
Open High Low Close Volume___
33.040 33.890 32.800 33.270 3,164,519
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 32.53 32.12 33.90
Volatility: 35 69 67
Volume: 3,167,745 4,180,079 5,092,492
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 1.9% below 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 6 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.
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