Twitter, Inc. (NYSE:TWTR) What Twitter is Really Worth
How much is Twitter (TWTR) stock really worth? That question has never been easy to answer, even if we were granted more than 140 characters in our attempt to do so. And it’s even less clear now given Amazon (AMZN) has just ascended to become the third-largest digital ad platform behind Google (GOOG, GOOGL) and Facebook (FB).
Twitter stock closed Friday at $28.50, down more than 4.5% amid the broader tech selloff. On the bright side, the shares have risen 18.7% year to date, besting the 9.5% rise in the S&P 500 Index. But when factoring last week’s 5.4% slide, the San Francisco-based micro-blogging site has seen 37.9% of its value wiped out over the past three months. And there are now persistent questions about the company’s earnings potential, which could limit its stock appreciation over the next 12 to 18 months.
How should investors play the slide in TWTR shares, particularly as it approaches its next earnings release, which is expected sometime in mid-October? And just as important, is TWTR now a better value than Facebook or even Snap (SNAP), which have suffered share price declines of their own?
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 33.33.
The projected upper bound is: 32.80.
The projected lower bound is: 23.77.
The projected closing price is: 28.28.
A white body occurred (because prices closed higher 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 25 white candles and 25 black candles.
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 35.8035. This is not an overbought or oversold reading. The last signal was a buy 7 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 32.12. 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 4 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 -116.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 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 sell 11 period(s) ago.
Rex Takasugi – TD Profile
TWITTER INC closed up 0.100 at 28.600. Volume was 40% below average (neutral) and Bollinger Bands were 3% wider than normal.
Open High Low Close Volume___
28.260 29.110 27.940 28.600 3,390,601
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 29.57 34.24 32.61
Volatility: 47 78 68
Volume: 4,467,551 4,553,098 5,480,228
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 12.3% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of TWTR.N (mildly bearish). Our trend forecasting oscillators are currently bearish on TWTR.N and have had this outlook for the last 0 periods.