Twitter, Inc. (NYSE:TWTR) testing a plethora of features on its Beta app “twttr”

Twitter, Inc. (NYSE:TWTR) testing a plethora of features on its Beta app “twttr”

Twitter, Inc. (NYSE:TWTR) testing a plethora of features on its Beta app “twttr”

Twitter is testing a plethora of features on its Beta app “twttr”, in a bid to improve the design of a conversation and make the application more interactive.

The company launched the prototype app to test new ideas and get feedback from selected users before incorporating them on the main app.

Twitter recently unveiled a ‘Subscribe to Conversation’ feature, which is aimed at benefiting users to subscribe to conversations they are interested in. Notably, this option is available on the top-right corner of a tweet. On selecting this option, users will get notified when new tweets are added to the conversation.

Before the rollout of this feature, it was essential for users to “heart” or comment in the conversations to receive updates. However, doing so compromised their identity, and subjected them to trolls and abuses. Markedly, user identity is now kept anonymous with this new update.

Overall, the bias in prices is: Downwards.

By the way, prices are vulnerable to a correction towards 31.66.

The projected upper bound is: 33.67.

The projected lower bound is: 28.61.

The projected closing price is: 31.14.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 27 white candles and 22 black candles for a net of 5 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 68.6916. This is not an overbought or oversold reading. The last signal was a sell 0 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 49.54. 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 55 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 81. This is not a topping or bottoming area. The last signal was a buy 5 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 4 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed down -0.140 at 31.080. Volume was 9% below average (neutral) and Bollinger Bands were 70% narrower than normal.

Open High Low Close Volume___
31.250 31.570 30.840 31.080 3,554,645

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

Moving Averages: 10-period 50-period 200-period
Close: 30.86 31.67 33.93
Volatility: 26 51 68
Volume: 3,130,866 3,517,680 4,942,974

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 8.4% below its 200-period moving average and is in an downward 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 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 18 periods.

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