Twitter, Inc. (NYSE:TWTR) stock has been given a 15% boost as the company reports a positive growth in revenue
Twitter stock has been given a 15% boost as the company reports a positive growth in revenue and monetisable daily active users (mDAU) for its Q1 earnings.
The report, which frequently referenced Twitter’s efforts to create a safer, healthier platform, showed its total revenue for the first quarter was $787 million, a 18% increase year on year.
Advertising made up $679 million of total revenue, a 20% increase year on year, while data licensing and other revenue made up $107 million, up 20% year on year.
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 33.64.
The projected upper bound is: 42.08.
The projected lower bound is: 36.87.
The projected closing price is: 39.47.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 2 white candles and 8 black candles for a net of 6 black candles. During the past 50 bars, there have been 24 white candles and 25 black candles for a net of 1 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 81.9549. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 9 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 79.06. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 9 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 239.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 9 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 -0.480 at 39.290. Volume was 47% above average (neutral) and Bollinger Bands were 21% wider than normal.
Open High Low Close Volume___
39.860 39.949 38.800 39.290 5,407,776
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 35.52 32.64 32.77
Volatility: 86 47 68
Volume: 3,931,990 3,246,598 4,264,339
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 19.9% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. 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 25 periods. Our momentum oscillator is currently indicating that TWTR.N is currently in an overbought condition.