Twitter Inc (NYSE:TWTR) Under Pressure To Remove Hateful Content
Social media; What started as a glorious way to connect people around the globe, is quickly becoming a tool for the normalization of violence.
Facebook is under global pressure to increase its protocols and vetting procedures after two murders were broadcast on the social media website. A video showing the murder of an 11-month-old girl remained on Facebook for more than a day after it was uploaded.
- Ireland will force companies such as Facebook and Twitter to take down abusive and defamatory material or face financial consequences.
- Twitter hasn’t missed a beat in APAC, says new chief
- Twitter CEO Says Trump’s Tweets Are ‘Important’
- Twitter can predict flu outbreaks 6 weeks in advance
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 16.86.
The projected upper bound is: 19.61.
The projected lower bound is: 17.72.
The projected closing price is: 18.67.
TWITTER INC closed up 0.220 at 18.610. Volume was 17% above average (neutral) and Bollinger Bands were 170% wider than normal.
Open High Low Close Volume
18.450 19.050 18.340 18.610 22,043,972
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 18.37 15.64 17.55
Volatility: 43 37 64
Volume: 25,750,214 17,538,752 24,061,748
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.
TWITTER INC is currently 6.1% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume into TWTR.K (bullish). Our trend forecasting oscillators are currently bullish on TWTR.K and have had this outlook for the last 14 periods. Our momentum oscillator is currently indicating that TWTR.K is currently in an overbought condition.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 48.0726. 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 76.20. 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 150 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 66. This is not a topping or bottoming area. The last signal was a sell 4 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 19 period(s) ago.