Facebook Inc (FB) Up 0.71%; in an Uptrend Over Past 30 Days

Facebook Inc 4 Hour Price Update

Updated June 26, 2020 04:32 PM GMT (12:32 PM EST)

FB’s price is down $-12.46 (-5.29%) over the past four hours of trading. To help put that in perspective, note that Facebook Inc’s peers in the in the Business Services industry are down -0.8% on average during this time, while the broader Technology sector is down by an average of -0.76%.

Facebook Inc Daily Price Recap

235.68 was the closing price of the day for Facebook Inc, resulting in today being one in which price moved up 0.71% ($1.66) from the previous day. The price move occurred on volume that was down 11.07% from the day prior, but up 21.42% from the same day the week before. Below is a daily price chart of Facebook Inc.

Facebook Inc Technical Analysis

Notably, Facebook Inc is now close to its 20 day averages, located at 233.32 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 10 out of the past 14 days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about FB:

    $FB Perfect timing for companies to use FB as a scapegoat for cost-cutting measures. When they come crawling back to FB/IG it'll be a reckoning. Added some around 220 and will average down, if we end up in a deep correction I could see this breaking 200. Great time to add.

    jammer25