Twitter, Inc. (NYSE:TWTR) rolled out a major website redesign, a new prototype app and an overhauled camera feature
The biggest problem with Twitter? The product never changes.
That’s what analyst Nate Elliott said back in 2015 when the microblogging social network was under tremendous pressure to show Wall Street it was capable of user growth.
“If you used Twitter the first day it existed and then slipped into a coma for eight years and woke up today, you’d recognize the platform. It looks very much the same,” said Elliott, who was an analyst with Forrester Research at the time. “While Facebook innovates every day and constantly offers users new ways to engage on the site, Twitter’s basically the same exact thing it’s always been.”
These changes seem to be working.
User growth has been on an upswing since the start of the year, going from 126 million monetizable daily active users in February to 139 million as of July, up 14 percent compared to the year prior. And Wall Street has taken notice — Twitter’s stock price is up more than 45 percent year to date.
Changes aside, analyst Elliott today remains skeptical.
“When they say they’re making changes to the user experience, I don’t know that they mean anything more than the look and feel of the core functionality,” said Elliott, who is now founder and principal of his own research firm, Nineteen Insights.
The company’s changes thus far in 2019 are a welcomed improvement to user experience, Elliott said, but Twitter has a long history of executives overpromising change and underdelivering.
“The more they experiment the better,” Elliott said. “I’d just like to see some of it end up on the actual platform.”
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 37.97.
The projected upper bound is: 43.40.
The projected lower bound is: 38.08.
The projected closing price is: 40.74.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 25 white candles and 25 black 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 31.5879. This is not an overbought or oversold reading. The last signal was a sell 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 53.21. 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 7 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 -104.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 8 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 sell 3 period(s) ago.
Rex Takasugi – TD Profile
TWITTER INC closed down -1.160 at 40.650. Volume was 13% below average (neutral) and Bollinger Bands were 33% wider than normal.
Open High Low Close Volume___
40.880 41.240 40.390 40.650 2,555,489
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 41.49 38.08 34.64
Volatility: 51 43 55
Volume: 3,212,328 2,792,078 3,497,346
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 17.3% 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 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 28 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.
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