Facebook Inc (FB) Moves Up For the 3rd Day In A Row; in an Uptrend Over Past 30 Days

Facebook Inc 4 Hour Price Update

Updated June 17, 2020 04:39 PM GMT (12:39 PM EST)

The price of FB sunk $-0.92 (-0.39%) over the past four hours. For context, Facebook Inc’s peers in the in the Business Services industry are up 0.56% on average in this time, while the broader Technology sector is up by an average of 1.44%.

Facebook Inc Daily Price Recap

Facebook Inc closed yesterday up 1.35% ($3.15); this denotes the 3rd day in a row an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 1.32% from the day before — and down 9.63% from the same day the week before. 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

Here’s what one trader on StockTwits recently had to say in regards to FB:

    $TWTR Election season will be a boon for Twitter. And advertisers will spend big.

    Pro sports returning will also be huge for Twitter in coming months.

    This is a $50 stock trading at 34….how much do you want to buy?

    $FB $SNAP

    WeeklyOptionsTrader