Facebook Inc (FB) Moves Up For the 4th Day In A Row; Pin Bar Pattern Appearing on Chart

Facebook Inc 4 Hour Price Update

Updated June 24, 2020 04:29 PM GMT (12:29 PM EST)

The price of FB sunk $-8.49 (-3.5%) over the past four hours. To help put that in perspective, note that Facebook Inc’s peers in the in the Business Services industry are down -3.67% on average during this time, while its counterparts in the broader Technology sector are down by an average of -3.57%.

Facebook Inc Daily Price Recap

Facebook Inc is up 1.26% ($3.02) since yesterday, marking the 4th day in a row it has gone up. As for how volume fared, yesterday’s volume was up 27.06% from the previous day (Monday), and up 8.32% from Tuesday of the week before. Below is a daily price chart of Facebook Inc.

Facebook Inc Technical Analysis

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 19 of the previous 30 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard Around the Web

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

    $DIS I told my wife the Bear in our Backyard yesterday was a sign, it was.
    Let the Mrkt flush the kids, maybe all day but now is when you want to look for the sales. Go Slow, Trade Smart