Twitter emits more negative signals - Analysis - 18-10-2018

Economies.com
2018-10-18 13:51PM UTC

Twitter's stock fell 1.07% in the last session, or 0.32 points, amid negative pressure from the 50-day SMA, while settling below 31.02, a level that represents the ratio 50% of Fibonacci retracement levels for an ascending wave in the short term (From 14.25 to 47.79), while the RSI reached overbought levels compared to the stock's movements. 

 

Therefore we expect more losses for the stock, as long as the resistance of 31.02 holds on, targeting the next support at 27.06, representing the ratio 50% of the same retracement levels. 

 

Expected trend for today: Bearish 

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...