Facebook (FB) Price Near $263.53; in a Downtrend Over Past 14 Days

The Hourly View for FB

Last Updated September 16, 2020, 23:16 GMT

At the time of this writing, FB’s price is down $-1.8 (-0.66%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as FB has now gone down 8 of the past 10 hours. Regarding the trend, note that the strongest trend exists 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 263.52 US dollars, down 3.27% ($8.9) since the day prior. The change in price came along side change in volume that was up 59.56% from previous day, but down 4.22% from the Tuesday of last week. Here is a daily price chart of Facebook Inc.

FB

Facebook Inc Technical Analysis

Notably, Facebook Inc is now close to its 50 day averages, located at 260.17 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Facebook Inc’s price has gone down 9 them.

Overheard Around the Web

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

    $FB the last 4 times FB made any eventful news, the stock usually went up in the days following 1-2 days the event.

    examples of such pumps-
    1. the bounce on the day after launching reels (August)
    2. jump on the day after launching WhatsApp pay in Brazil (June)
    3. 1-2 days after disclosing holding in Indian telecom comp (June)
    4. After mark held FB live event talkng about the FB Shop

    tomorrow and next few weeks will be epic oculus will be a big revenue generator

    Investor_Omega