Twitter, Inc. (NYSE:TWTR) Trump’s platform of choice

Twitter, Inc. (NYSE:TWTR) Trump’s platform of choice

Twitter, Inc. (NYSE:TWTR) Trump’s platform of choice

Until the last elections, Twitter TWTR, +1.41%  was essentially dying. Yet, following the election, in its 2017 annual report, Twitter said that, though user numbers had grown by only 4%, engagement had grown by a substantial 12%. More engagement means more ads and a feedback loop that is stronger and, therefore, harder to exit or to consciously opt out of.

Twitter is Trump’s platform of choice, of course. But the behaviors that Trump’s use of it encourages feed into the advertising-revenue streams of all major online search engines and social media. This means higher stock prices for GoogleGOOG, -0.19% GOOGL, -0.01% Facebook FB, +0.12% Twitter and even AppleAAPL, -0.29% Thus many apps now employ the convention of using a red dot on an icon or on a menu to indicate that an update, message or other form of communication is awaiting our attention. And the growth of this compulsive behavior conversely robs us of control and poisons our worldview.

Feeling of powerlessness

We don’t want to check Twitter more often. It makes us dissatisfied, even grumpy. And we don’t want to think only about the bad things in life. But we feel powerless to control the information that overwhelms us via our friends and everything else we consume to learn about the world.

So this presidential term is, if nothing else, a gift to the tech companies that benefit from the behaviors that actors in the political realm are constantly reinforcing in the population. And if you have felt your life to be less under your own control since the nation entered this new Skinner Box phase, that may be because it is.

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 38.80.

The projected upper bound is: 48.99.

The projected lower bound is: 43.44.

The projected closing price is: 46.22.

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 30 white candles and 20 black candles for a net of 10 white candles.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

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 55.5179. This is not an overbought or oversold reading. The last signal was a sell 3 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 74.37. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 74 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 58. This is not a topping or bottoming area. The last signal was a sell 3 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 35 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed up 0.640 at 45.880. Volume was 111% above average (neutral) and Bollinger Bands were 100% wider than normal.

Open High Low Close Volume___
45.620 46.010 44.510 45.880 12,519,743

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

Moving Averages: 10-period 50-period 200-period
Close: 44.97 35.37 27.02
Volatility: 51 50 62
Volume: 7,596,300 6,623,401 5,173,886

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 69.8% above its 200-period moving average and is in an upward trend. Volatility is 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 36 periods. Our momentum oscillator is currently indicating that TWTR.N is currently in an overbought condition.

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