Twitter

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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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Twitter reports earnings, all eyes on user growth – Stock Market News

Posted on February 6, 2019 at 11:14 am GMT

Twitter will report its quarterly earnings before the US market open on Thursday. The company has been striving to eradicate misinformation and ‘fake news’ from its platform, and so has seen its user growth wane, spelling troubles for its stock last year. Yet, the rebound in early 2019 suggests investors believe this may be a successful long-term strategy if it succeeds in mending Twitter’s brand credibility. The conference call with management, and how they view user growth going forward, will [..]

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Technical Analysis – Twitter stock jumps slightly higher in bearish correction area

Posted on November 27, 2018 at 2:38 pm GMT

Twitter stock remains under selling pressure after the bounce off the 47.70 resistance level on June 15. However, over the previous sessions, the price climbed within the 20- and 40-simple moving averages (SMAs) in the daily timeframe and is currently trading above the 50.0% Fibonacci retracement level at 30.92 of the upleg from 14.10 to 47.70. In the short-term, technically, the RSI indicator is sloping slightly to the upside above the neutral threshold of 50, while the MACD oscillator stands below the trigger [..]

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Nasdaq back in correction territory as tech stocks under pressure again – Index News

Posted on November 14, 2018 at 4:27 pm GMT

The Nasdaq 100 index slipped back into correction territory on Monday as fears of slower iPhone sales hurt Apple shares, which in turn weighed on the wider technology sector. The latest sell-off has cut short the Nasdaq’s recovery from October’s 6-month lows and raised questions about the outlook for tech stocks going into 2019. Up until the latest rout to hit the US stock market, the tech-heavy Nasdaq had been outperforming the other major indices on Wall Street by a [..]

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Technical Analysis – Twitter stock hovers below moving averages; holds in bearish correction mode

Posted on October 5, 2018 at 11:33 am GMT

Twitter stock remains under selling pressure after the bounce off the 47.70 resistance level on June 15. Additionally, over the previous sessions, the price dipped below the 20- and 40-simple moving averages (SMAs) in the daily timeframe and is currently trading within the 50.0% and 61.8% Fibonacci retracement levels at 30.92 and 26.90 respectively of the upleg from 14.10 to 47.70. In the short-term, technically, the momentum indicators are supporting the slightly negative momentum. The RSI indicator is sloping slightly to the downside [..]

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European Open Preview – Yen advances as risk appetite falters; US jobs report coming up

Posted on September 7, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is marginally lower against a basket of six major currencies on Friday (-0.08%), ahead of the release of the all-important US payrolls report at 1230 GMT, where focus may once again fall primarily on the earnings figures. Safe-haven currencies like the yen and the Swiss franc rallied amid trade jitters, while the risk-sensitive aussie faltered, touching a fresh low last seen in early-2016 against the dollar. STOCKS: US markets closed lower for [..]

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