Twitter

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Twitter to report higher revenue but focus on daily active user growth – Stock Market News

Posted on February 5, 2020 at 2:57 pm GMT

Twitter, Inc. will announce its earnings result for the fourth quarter on Thursday before the market open. The company is expected to report somewhat better earnings this time round compared to the third quarter when it missed both its revenue and earnings per share estimates, sending the stock price crashing more than 20%. As always, however, investors’ main concern will be how many new users the social media firm added as it struggles to maintain user growth. Higher revenue expected [..]

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Technical Analysis – Twitter stock pauses above uptrend line; loads for next direction

Posted on February 4, 2020 at 10:43 am GMT

Twitter stock is currently consolidating around 32.68 – which is the 23.6% Fibonacci retracement of the down leg from 45.81 to 28.60 – capped by the 20-day simple moving average (SMA) and supported by the 50-day SMA and uptrend line drawn from 14 November 2019. Backing this view are the momentum oscillators, the flat 200-day SMA and Ichimoku lines. The MACD has slipped below its red trigger line but both are still hovering slightly above zero, while the RSI is [..]

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Technical Analysis – Twitter stock gains ground from 10-Month low

Posted on January 10, 2020 at 1:37 pm GMT

Twitter stock’s recent improving picture looks to be assisted by the fresh bullish crossover of the 50-day simple moving average (SMA) by the 20-day one, as well as the strengthening momentum in technical indicators. The short-term oscillators reflect an improving outlook with the MACD slightly over zero, crossing above its red trigger line, while the RSI is rising in the bullish zone and nears its 70 level. However, the bearish overlap of the 200-day SMA by the 100-day one, and [..]

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Technical Analysis – Twitter stock aggressively drops past 200-day MA

Posted on November 18, 2019 at 5:04 pm GMT

Twitter stock lost significant ground, gapping below the 200-day simple moving average (SMA) on October 24. The stock is holding its bearish demeanor as the 50-day SMA nears a bearish cross of the 200-day SMA, which would further back the negative picture. The ADX also confirms that a strong negative trend is in place. However, the short-term oscillators reflect some weakness in negative momentum and may warn of an approaching pullback. The MACD, is still deep in the negative zone [..]

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Technical Analysis – Twitter stock turns bearish below 100-day SMA and uptrend line

Posted on October 24, 2019 at 12:03 pm GMT

Twitter stock price penetrated below the 100-day simple moving average (SMA) and the uptrend line pulled from December 24, indicating that the nine-month up wave, may have come to an end. The push further down is currently restricted by the 38.53 support, which is the 61.8% Fibonacci retracement of the up leg from 34.00 to 45.81. Whilst the 100- and 200-day SMAs retain their upwards slope, the 20- and 40-day SMAs have turned downwards, aiding further losses, with the 20-day [..]

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Technical Analysis – Twitter stock touches upper boundary of trading range; eyes on gap

Posted on July 26, 2019 at 8:26 am GMT

Twitter stock lunged up out of a trading range trying to fill the gap from July 2018. The move had price hit a nine-and-a-half month high of 40.90 to only fall back into a two-and-a half month sideways market, where the price is currently shaking hands with the upper boundary. Price has printed a red candle, besides a bullish cross up of the 40-day simple moving average (SMA) by the 20-day SMA. The MACD, although above its trigger, is flat, whereas the RSI [..]

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Technical Analysis – Twitter stock declines below red Tenkan-sen line; neutral in long term

Posted on April 22, 2019 at 9:38 am GMT

Twitter stock price has been developing within a consolidation area over the last nine months with upper boundary the 37.10 resistance level and lower boundary the 26.20 support barrier. From the technical point of view, the market could experience some softness in the short term, as the RSI is slipping towards its 50 neutral level and the MACD oscillator is holding below its trigger line, confirming the recent weak movement in price action. The 50 and 200-day simple moving averages (SMAs) are in [..]

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Technical Analysis – Twitter stock declines after hitting 3-month high

Posted on April 5, 2019 at 10:18 am GMT

Twitter stock has been hovering within a trading range over the last eight months with upper boundary the 37.10 resistance level and lower boundary the 26.20 support barrier. On yesterday’s trading session, the price recorded a new more than three-month high of 35.00 before quickly paring its gains. From the technical point of view, the Relative Strength Index (RSI) is strengthening its momentum in the positive zone, approaching the 70 level, while the MACD oscillator is trying to hold above [..]

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European Open Preview – No hawkish bits from BoE today; kiwi capitulates

Posted on February 7, 2019 at 8:29 am GMT

BoE may adopt a cautious tone today amid slowing economy, Brexit uncertainty Kiwi dollar collapses after soft jobs data ignite speculation for RBNZ rate cut Greenback capitalizes on weakness in other currencies; stocks stall BoE to strike cautious tone as Brexit uncertainty reigns The spotlight will fall on the Bank of England (BoE) today, which is expected to keep its policy unchanged via a unanimous vote at 12:00 GMT. Updated economic forecasts and a press conference by Governor Carney will [..]

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Technical Analysis – Twitter stock surpasses 200-day SMA in sideways channel

Posted on February 6, 2019 at 2:04 pm GMT

Twitter stock has been trading within a sideways channel over the last six months with upper boundary the 37.10 resistance level and lower boundary the 26.20 support barrier. Currently, the price is trying to climb above the 200-day simple moving average, creating a bullish rally. From the technical point of view, the Relative Strength Index (RSI) is strengthening its momentum in the positive zone, approaching the 70 level, while the MACD oscillator is trying to surpass above the trigger line, [..]

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