Twitter, Inc. (NYSE:TWTR) tech directors miss shareholder meetings

Twitter, Inc. (NYSE:TWTR) tech directors miss shareholder meetings

Twitter, Inc. (NYSE:TWTR) tech directors miss shareholder meetings

Some small investors who want to give a piece of their minds to big tech company directors are losing their only chance: many board members are skipping annual shareholder meetings. Companies that hold meetings online have some of the worst records for attendance.

A large portion of Alphabet Inc GOOGL, Facebook Inc FB, Netflix Inc NFLX and Twitter Inc TWTR directors have not attended annual shareholder meetings in recent years, company records and securities filings show, in some cases in growing numbers.

Of nine Twitter directors, only CEO Jack Dorsey was identified as present at its meeting on May 30, also held only online. Two Twitter directors attended last year’s event, down from six in 2016 and five in 2015, filings show. A Twitter spokeswoman declined to comment on the figures and said the online format was aimed at boosting stockholder participation.

The market seemed to nitpick initially over some sequential growth comments from management in the call. However the disparity is not significant and is simply management staying conservative.

The quote of the conference call in my opinion was when CEO Jack Dorsey said, “We are not a social network and we do not benefit from the same social graph that social networks do. People come to us because they’re interested in something and they’re interested in seeing what’s happening within the world or within a particular topic or within a particular niche interest.”

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 38.83.

The projected upper bound is: 47.37.

The projected lower bound is: 41.58.

The projected closing price is: 44.48.

Candlesticks

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.

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 43.2930. 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 64.65. This is not a topping or bottoming area. However, the RSI just crossed below 70 from a topping formation. This is a bearish sign. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 0 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 17. 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 sell 0 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed down -1.710 at 44.170. Volume was 8% below average (neutral) and Bollinger Bands were 86% wider than normal.

Open High Low Close Volume___
45.400 45.400 43.325 44.170 5,430,203

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

Moving Averages: 10-period 50-period 200-period
Close: 45.25 35.68 27.16
Volatility: 58 51 62
Volume: 7,734,561 6,675,533 5,184,495

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 62.6% 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 very strong flows of volume into TWTR.N (bullish). Our trend forecasting oscillators are currently bullish on TWTR.N and have had this outlook for the last 37 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.

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