Facebook (FB) Closes Prior Hour Up 0.08%; Eyes 50 Day Average

The Hourly View for FB

Last Updated November 23, 2020, 15:17 GMT

Currently, FB’s price is down $-1.36 (-0.5%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Facebook Inc Daily Price Recap

269.7 was the closing price of the day for Facebook Inc, resulting in today being one in which price moved down 1.19% ($3.24) from yesterday. As for how volume fared, yesterday’s volume was up 38.7% from the previous day (Saturday), and up 20.22% from Sunday of the week before. The daily price chart of Facebook Inc below illustrates.

FB

Facebook Inc Technical Analysis

Notably, Facebook Inc is now close to its 50 day averages, located at 268.64 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 14 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to FB:

    $FB Those that were lost when BABA is in pressure to sell over 252 and I post it at that time, here is another company that is also suffering momentary selling pressure to soon explode to historical highs, a good buy input to average if it goes down more and continue entering, do not wait for the institutions that buy cheaply take advantage $BABA $MSFT $ZM

    Franf