Facebook Inc Daily Price Recap
Facebook Inc closed the day prior up 0.62% ($1.42); this denotes the 6th day in a row an upward move has occurred. The change in price came along side change in volume that was down 4.75% from previous day, but up 228.72% from the Thursday of last week. Let’s take a look at the daily price chart of Facebook Inc.
Facebook Inc Technical Analysis
Volatility for Facebook Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 20 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 $AMZN $AMD $AAPL
Dow falls 150 points amid U.S.-China trade tensions, still up big for the week https://www.cnbc.com/2020/05/21/stock-market-futures-open-to-close-news.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
Facebook especially is overbought , use RSI as your indicator , when it’s above 50 it’s overbought when it’s below its good value to buy . That’s what the Pros use . Right now indicator pointing Facebook drop to 200 area as us China trade war escalated