Facebook (FB) Closes Last Hour Down $-1.41; Moves Down For the 2nd Straight Day

The Hourly View for FB

Last Updated September 14, 2020, 23:12 GMT

Currently, FB’s price is up $7.15 (2.68%) from the hour prior. FB has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 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

Facebook Inc closed yesterday down 0.55% ($1.48); this denotes the 2nd straight day a decrease has occurred. The change in price came along side change in volume that was down 23.78% from previous day, but up 10.04% from the Sunday of last week. 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. Or to view things another way, note that out of the past 30 days Facebook Inc’s price has gone up 15 them.

Overheard Around the Web

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

    $FB I think this company is undervalued.. good products with a giant global presence. With all the technology they hold you can make interesting combinations to create new Industries that will create more technology👍🤘🙌

    cactus_Latino