Facebook (FB) Closes Prior Hour Up 0.04%; Breaks Above 200 Day Average, in a Downtrend Over Past 30 Days

The Hourly View for FB

Last Updated January 18, 2021, 02:014 GMT

At the time of this writing, Facebook’s price is up $4.97 (2.02%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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

The choppiness in the recent daily price action of Facebook Inc continues; to start today, it came in at a price of 251.36 US dollars, up 2.33% ($5.72) since yesterday. This move happened on lower volume, as yesterday’s volume was down 18.73% from the day before — and down 0.76% 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

First things first: Facebook Inc crossed above its 200 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Facebook Inc’s price has gone down 8 of the previous 14 trading days.

Overheard Around the Web

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

    $spy Silly me, I was a getting annoyed that ST was not stopping all the Trumpers for spamming the $twtr $fb $goog with all their "free" Hate speech & then it occurred to me, ST has all their emails & just like all smart rioters who didn't wear masks because of the "Covid Hoax" then waved to the all the camera in DC while using their $AAPL phones that can tell location I think we should encourage them to keep posting, Im sure no one is watching 😊

    All I can say Trumpers is dont mind what anyone on here says about you, you all really do have a lot of Potential! :o)

    GoodNewsBull