Twitter Inc (NYSE:TWTR) POTUS Good For Twitter

Twitter Inc (NYSE:TWTR) POTUS Good For Twitter

Twitter Inc (NYSE:TWTR) POTUS Good For Twitter

Twitter Inc.’s executive chairman said the social-media platform shouldn’t ban President Donald Trump, pushing back against complaints from users who say some of his tweets amount to cyberbullying and violate the company’s terms of service.

“It’s good to have him talk on Twitter,” Omid Kordestani said in an interview at Sun Valley, the Idaho resort town that hosts an annual confab of technology and media moguls and political luminaries. This year the crowd includes Ivanka Trump and Jared Kushner, who arrived Wednesday and are scheduled to leave Friday.

Twitter, Inc. offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser. Its Promoted Products enable its advertisers to promote their brands, products and services, amplify their visibility and reach, and extend the conversation around their advertising campaigns. Promoted Accounts appear in the same format and place as accounts suggested by its Who to Follow recommendation engine, or in some cases, in Tweets in a user’s timeline. Promoted Trends appear at the top of the list of trending topics for an entire day in a particular country or on a global basis. Its MoPub is a mobile-focused advertising exchange. Twitter Audience Platform is an advertising offering.

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 17.64.

The projected upper bound is: 20.20.

The projected lower bound is: 18.13.

The projected closing price is: 19.16.

TWITTER INC closed down -0.170 at 19.150. Volume was 100% below average (consolidating) and Bollinger Bands were 6% wider than normal.

Open        High       Low          Close       Volume
19.150      19.150     19.150      19.150     1,641

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

Moving Averages: 10-period         50-period         200-period
Close:                       18.37                18.07                 17.35
Volatility:                26                     36                      56
Volume:                   13,762,315      16,132,444      20,773,614

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 10.4% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into TWTR.K (mildly bullish). Our trend forecasting oscillators are currently bullish on TWTR.K and have had this outlook for the last 7 periods.

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 79.6491. This is not an overbought or oversold reading. The last signal was a sell 0 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 65.94. 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 sell 40 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 124.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 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 buy 15 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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