Facebook (FB) Price Near $269.98; in an Uptrend Over Past 90 Days

The Hourly View for FB

Last Updated September 11, 2020, 15:9 GMT

Currently, FB’s price is down $-1.18 (-0.44%) from the hour prior. The hourly chart shows that FB has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Facebook Inc Daily Price Recap

The choppiness in the recent daily price action of Facebook Inc continues; to start today, it came in at a price of 268.09 US dollars, down 2.06% ($5.63) since the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 10.37% from the day prior, and up 44.18% from the same day the week before. Let’s take a look at the daily price chart of Facebook Inc.

FB

Facebook Inc Technical Analysis

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 down 6 out of the past 10 days.

Overheard Around the Web

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

    $FB the market is itching for a mass sell off led by tech so we can play this game all over and make money. But I do think this goes to at least 240 or 220 before election

    Jworld