Twitter, Inc. (NYSE:TWTR) stock has soared 81% so far in 2018
Twitter stock has soared 81% so far in 2018. Amazon stock has shot up 55%. Fellow FANGs Facebook stock and Google stock are up 19% and 14%, respectively, outpacing the S&P 500 index and other major averages. Facebook has shot up 41% from its March 26 low.
The stock has performed -5.87% around last thirty days, and changed 36.07% over the last three months.The stock has year to date performance of 80.84% and weekly performance of -2.41%.
The current analyst consensus rating clocked at 2.9 on company shares based on data provided from FINVIZ. (1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). Analysts expected the stock to attain $33.56 price in coming 52-week period.
Twitter earnings should more than double to 17 cents. Revenue should rise 22% to $700 million.
Twitter stock shot up from a 33.88 cup-with-handle buy point in late May, running up to 47.79 on June 18. Since then shares have consolidated modestly. Shares fell more than 5% on July 19 amid reports that Twitter had suspended tens of millions of fake or suspicious accounts. Twitter steadied as it said it would have no impact on active user metrics.
Twitter stock now has a flat base with a 47.89 entry. It closed Friday at 43.42.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 46.76.
The projected lower bound is: 40.52.
The projected closing price is: 43.64.
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 30 white candles and 20 black candles for a net of 10 white candles.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
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 25.7476. This is not an overbought or oversold reading. The last signal was a sell 22 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 50.63. 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 18 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 -100.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 6 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 18 period(s) ago.
Rex Takasugi – TD Profile
TWITTER INC closed down -0.020 at 43.420. Volume was 64% below average (consolidating) and Bollinger Bands were 58% narrower than normal.
Open High Low Close Volume___
43.470 44.130 43.250 43.420 2,117,255
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 44.07 40.55 29.57
Volatility: 43 47 63
Volume: 4,945,080 6,291,389 5,355,551
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 46.8% above 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 4 periods.