Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Twitter's stock rose in the intraday levels after the important support of 27.06 held on, representing the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the short term (from 14.25 to 47.79), with positive signals from the RSI, scoring a profit of 3.67%, or 0.99 points, and countered with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, especially if the support of 27.06 was breached, targeting the next one at 22.17, representing the ratio 76.4% of the same retracement levels.
Expected trend for today: Likely Bearish