Facebook Inc 4 Hour Price Update
Updated June 19, 2020 04:29 PM GMT (12:29 PM EST)
The price of FB increased $2.92 (1.24%) over the past four hours. To help put that in perspective, note that Facebook Inc’s peers in the in the Business Services industry are up 0.92% on average during this time, while the broader Technology sector is up by an average of 1.38%.
Facebook Inc Daily Price Recap
The back and forth price flow continues for Facebook Inc, which started today off at 235.94 US dollars, up 0.17% ($0.41) from yesterday. This move happened on lower volume, as yesterday’s volume was down 19.92% from the day before — and down 42.91% from the same day the week before. Here is a daily price chart of Facebook Inc.
Facebook Inc Technical Analysis
The first thing we should note is that the current price of Facebook Inc is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Facebook Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 19 out of the past 30 days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to FB:
$SPY Are we there yet? $275…
“Any protesters, anarchists, agitators, looters or lowlifes who are going to Oklahoma please understand, you will not be treated like you have been in New York, Seattle, or Minneapolis. It will be a much different scene!”
Presenting you the POTUS, threatening his own citizens, who could very well do so peacefully under 1st amendment, same crybaby who signed a gag order for calling him a liar 😂 Land of free and home is the brave… Encouraging violence. Remember, he openly invited his 2nd amendment supporters to kill Hillary.
Never ever anyone would have imagined that the president of the country, leader is the liberty and freedom, threatening his own citizens … He indeed is love with Kim Jun Un, and Putin and following their policies. Dumbass GOP, this is MAGA, right? $TWTR $FB $TSLA God save us from Trump