Twitter, Inc. (NYSE:TWTR) scheduled to report fourth quarter earnings in the upcoming week
Twitter (NYSE:TWTR) is yet another important digital economy stock that’s scheduled to report fourth quarter earnings in the upcoming week. Analysts are expecting a 31% surge in income to $0.25 a share on sales of $869 million. The company will report on Thursday, February 7, before the market opens.
While Twitter suffered its steepest decline ever in its number of monthly active users worldwide in the third quarter, the company saw a significant jump in revenue from advertising, particularly in the U.S.
We see the revenue trend continuing as the company’s push to increase its video content resonates well with advertisers. We believe this strategy, which is one of the main components of CEO Jack Dorsey’s turnaround plan, will continue to strengthen Twitter’s appeal. The video segment now accounts for more than half of Twitter’s ad revenue.
Twitter’s upfront approach to cleaning up its platform from fake accounts and putting an end to hate speech also separated the company from other social media companies. Its shares, which closed on Friday at $33.19, have handsomely rewarded investors over the past 12 months, rising more than 30%.
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 31.95.
The projected upper bound is: 36.68.
The projected lower bound is: 29.68.
The projected closing price is: 33.18.
A black body occurred (because prices closed lower 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 29 white candles and 21 black candles for a net of 8 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 69.5767. This is not an overbought or oversold reading. The last signal was a buy 5 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 55.07. 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 25 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 112.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 13 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 1 period(s) ago.
Rex Takasugi – TD Profile
TWITTER INC closed down -0.370 at 33.190. Volume was 23% below average (neutral) and Bollinger Bands were 50% narrower than normal.
Open High Low Close Volume___
33.560 34.080 32.970 33.190 3,396,213
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 32.48 31.92 34.05
Volatility: 57 71 67
Volume: 3,338,550 4,167,780 5,062,324
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 2.5% below its 200-period moving average and is in an upward trend. Volatility is low 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 15 periods.
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