Twitter, Inc. (NYSE:TWTR) suffered a service disruption on Thursday that prevented users from properly accessing its app and website

Twitter, Inc. (NYSE:TWTR) suffered a service disruption on Thursday that prevented users from properly accessing its app and website

Twitter, Inc. (NYSE:TWTR) suffered a service disruption on Thursday that prevented users from properly accessing its app and website

Twitter suffered an outage on Thursday that prevented some users from being able to use the social network properly for about an hour.

Users who visited the website were greeted with a “Something is technically wrong” message while some who tried to use the app saw a “Tweets aren’t loading right now” note when trying to refresh their feeds.

The outage began shortly before 3 p.m. The app and website regained some functionality around 3:45 p.m.

“We are currently investigating issues people are having accessing Twitter,” Twitter said on its status website. “We will keep you updated on whats happening.”

The outage occurred at the same time as President Trump’s social media summit at the White House, to which Twitter did not receive an invite. Previously, Twitter experienced delays on some of its services on July 3, according to the company’s status website.

Twitter’s stock price was down more than 1 percent on Thursday. The company said it is continuing to investigate the issue.

Overall, the bias in prices is: Upwards.

By the way, prices are vulnerable to a correction towards 35.99.

The projected upper bound is: 39.49.

The projected lower bound is: 34.82.

The projected closing price is: 37.16.

Candlesticks

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 22 white candles and 28 black candles for a net of 6 black candles.

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 80.7043. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 8 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 56.04. 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 45 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 127.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 7 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 6 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed down -0.260 at 37.210. Volume was 38% below average (neutral) and Bollinger Bands were 29% narrower than normal.

Open High Low Close Volume___
37.720 37.870 36.970 37.210 1,816,248

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period     50-period     200-period
Close: 36.30 37.04 33.29
Volatility: 29 40 58
Volume: 2,303,056 2,572,947 3,693,668

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 11.8% above 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 volume flowing into and out of TWTR.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on TWTR.N and have had this outlook for the last 4 periods.

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