Facebook (FB) Price Near $274.85; in an Uptrend Over Past 30 Days, 3 Day Down Streak Broken

The Hourly View for FB

Last Updated September 10, 2020, 15:10 GMT

Currently, FB’s price is up $0.5 (0.18%) from the hour prior. FB has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 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

Facebook Inc’s 3 day negative streak has officially concluded, as the candle from the day prior closed up 0.94% ($2.56). The change in price came along side change in volume that was down 9.14% from previous day, but up 30.57% from the Wednesday of last week. Here is a daily price chart of Facebook Inc.

FB

Facebook Inc Technical Analysis

Coming into today Facebook Inc is now close to its 20 day averages, located at 277.87 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 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Facebook Inc’s price has gone up 17 of the previous 30 trading days.

Overheard Around the Web

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

    $FB **^
    Economy recovering – no impact of jobless claim.same old news. every week jobs are increasing

    All Tech stocks will rule and turn green from today GREEN GREEN and GREEN. There is no medicine until next year. and It takes 2021 complete year if medicine comes also. EAll tech stocks double and tripple. Just dont trust any rumors and do panic sell. keep loading as they are more low now and great big money. CRM has great market, great customers, great potential to grow and its earnings are very very high. it goes like adoble $500 in a month or two.

    CRM – No alternate to CRM salesforce and its customer base.$300 to $500 soon
    DOCU – No alternate to DOCU and its institutional customers. $300 to $350 soon
    TSLA – No alternate to Elon and 200 Years ahead of future business thinking.$750 by Thanks giving time.
    AAPL – No alternate Mobile stock and its enormous cash reserves – Stable stock.$225 by Thanks giving sale.

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