Twitter, Inc. (NYSE:TWTR) Patent Violation

Twitter, Inc. (NYSE:TWTR) Patent Violation

Twitter, Inc. (NYSE:TWTR) Patent Violation

BlackBerry Limited BB has reportedly filed a fresh lawsuit for alleged patent infringement. The latest litigation process involves Twitter, Inc. TWTR and follows similar such cases against Facebook, Inc. FB and Snap Inc. SNAP . 

The suit filed in the U.S. District Court in Los Angeles alleges that Twitter has violated six BlackBerry patents, including pioneering features like push notifications, mobile advertising techniques and the capability to silence notifications for a message thread. The Canadian technology firm has further accused Twitter of unlawfully utilizing some of the “functionality enhancing features” that made “BlackBerry’s products such a critical and commercial success” to siphon off its customers. 

In March 2018, BlackBerry had filed a patent infringement case against Facebook, alleging violations related to certain messaging features, including unread message notifications and messaging in games. It also accused Facebook of breaching its patents pertaining to security, user interface features, battery-efficient status updates, timestamps and the act of tagging family and friends in photographs. This was followed by a similar lawsuit against Snap in the very next month. 

Both these cases are still pending in the court as U.S. District Judge George Wu allowed BlackBerry to pursue most of its infringement claims. It remains to be seen whether the case against Twitter is forwarded to the same judge as all the lawsuits are related to each other. Although the company spokesperson has refused to comment on this issue, experts widely believe that legal compensation and monetary damages are likely to be awarded if the charges are found to be true. 

Incidentally, the stock has underperformed the industry with an average decline of 28.7% in the past year while the latter fell 6.7%.

Overall, the bias in prices is: Downwards.

The projected upper bound is: 34.07.

The projected lower bound is: 27.29.

The projected closing price is: 30.68.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 5 black candles for a net of 1 black candles. During the past 50 bars, there have been 28 white candles and 21 black candles for a net of 7 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 23.3667. This is not an overbought or oversold reading. The last signal was a buy 10 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 45.75. 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 43 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 -63. This is not a topping or bottoming area. The last signal was a buy 11 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 1 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed up 0.370 at 30.780. Volume was 22% below average (neutral) and Bollinger Bands were 22% narrower than normal.

Open High Low Close Volume___
30.250 30.790 30.010 30.780 3,390,217

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

Moving Averages: 10-period 50-period 200-period
Close: 31.19 31.36 34.08
Volatility: 34 69 68
Volume: 3,157,675 4,014,742 4,944,609

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 9.7% below its 200-period moving average and is in an downward trend. Volatility is low 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 bearish on TWTR.N and have had this outlook for the last 6 periods.

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