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Twitter, Inc. (NYSE:TWTR) Stock Sinks As Market Gains: What You Should Know

Twitter, Inc. (NYSE:TWTR) Stock Sinks As Market Gains: What You Should Know

Twitter (TWTR) closed at $23.02 in the latest trading session, marking a -1.29% move from the prior day. This change lagged the S&P 500’s daily gain of 2.28%. Meanwhile, the Dow gained 2.24%, and the Nasdaq, a tech-heavy index, added 1.72%.

Prior to today’s trading, shares of the short messaging service had lost 35.22% over the past month. This has lagged the Computer and Technology sector’s loss of 12.66% and the S&P 500’s loss of 16.08% in that time.

TWTR will be looking to display strength as it nears its next earnings release. In that report, analysts expect TWTR to post earnings of $0.12 per share. This would mark a year-over-year decline of 42.86%. Meanwhile, our latest consensus estimate is calling for revenue of $792.91 million, up 0.77% from the prior-year quarter.

Any recent changes to analyst estimates for TWTR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Digging into valuation, TWTR currently has a Forward P/E ratio of 33.85. This valuation marks a discount compared to its industry’s average Forward P/E of 35.43.

Also, we should mention that TWTR has a PEG ratio of 1.14. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. The Internet – Software industry currently had an average PEG ratio of 2.18 as of yesterday’s close.

Technical Indicators

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 31.00.

The projected upper bound is: 27.81.

The projected lower bound is: 17.79.

The projected closing price is: 22.80.

Candlesticks

A white body occurred (because prices closed higher 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 24 white candles and 26 black candles for a net of 2 black candles.

A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.

Momentum Indicators

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 9.8681. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 4 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 34.72. 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 10 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 -108.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 9 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 5 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed down -0.300 at 23.020. Volume was 15% below average (neutral) and Bollinger Bands were 116% wider than normal.

Open     High      Low     Close     Volume___
23.000 23.580 22.360 23.020 3,519,428
Technical Outlook 
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period     50-period     200-period
Close: 24.86 31.79 35.27
Volatility: 60 107 69
Volume: 4,624,661 4,935,392 3,456,207

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 34.7% below its 200-period moving average and is in an downward trend. Volatility is high 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 24 periods.

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