Twitter, Inc. (NYSE:TWTR) Target $41

Twitter, Inc. (NYSE:TWTR) Target $41

Twitter, Inc. (NYSE:TWTR) Target $41

Aegis Capital rated the Twitter, Inc. (NYSE:TWTR)’s stock as a Buy in a research note published on Monday, October 29th, 2018 and posted a $41 price target on the common stock of Twitter, Inc. (NYSE:TWTR). Other Wall Street experts have also recently posted reports on these shares. Oppenheimer gave the stock an Outperform rating, while setting a price target at $37 in a research note from Friday, October 26th, 2018. Barclays posted a $27 price target for Twitter, Inc. stock and rated the stock as an Underweight in a research note dated Friday, October 26th, 2018.

At the moment, there are a total of 39 analysts who cover Twitter, Inc. (NYSE:TWTR) stock. Among that group, 4 of them gave BUY ratings, 6 of them rated the stock as OUTPERFORM, 22 recommended it as HOLD, 7 set the rating at UNDERPERFORM and 0 rated it as a SELL. Looking at the big picture from the data above, the average analyst rating for Twitter, Inc. is 2.80.

The company, which is valued at $26.88B, last published its earnings results on Thursday, 10/25/2018 for the quarter that ended in Sep-18. The business posted revenue of $758.11 million for the three-month period, above $56.99 million, compared to analysts’ forecasts of $701.12 million with a surprise factor of 8.13%. The organization posted $0.21 earnings per share (EPS) for the three-month period, missing the Thomson Reuter’s analyst consensus estimate of $0.14 by $0.07– amounting to a surprise factor of 52.51%.

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 32.85.

The projected upper bound is: 37.21.

The projected lower bound is: 31.10.

The projected closing price is: 34.16.

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 29 white candles and 21 black candles for a net of 8 white 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 56.1290. This is not an overbought or oversold reading. 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 62.43. 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 37 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 59. This is not a topping or bottoming area. The last signal was a sell 4 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 31 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed down -0.810 at 34.180. Volume was 47% below average (neutral) and Bollinger Bands were 25% wider than normal.

Open High Low Close Volume___
34.870 34.990 33.880 34.180 2,584,419

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

Moving Averages: 10-period 50-period 200-period
Close: 33.99 30.54 33.71
Volatility: 36 65 71
Volume: 5,350,122 4,809,474 5,622,636

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 1.4% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. 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 13 periods.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

You must be logged in to post comments :  
CONNECT WITH