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Twitter Inc stock price up more than 5.66% on Monday

StockInvest.us, 5 months ago

Twitter

The Twitter Inc stock price gained 5.66% on the last trading day (Monday, 25th Apr 2022), rising from $48.93 to $51.70. , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.08% from a day low at $50.24 to a day high of $52.29. The price has risen in 7 of the last 10 days and is up by 11.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 151 million more shares were traded than the day before. In total, 176 million shares were bought and sold for approximately $9.12 billion.

Loop Capital does not see either upside or downside right now giving TWTR "" on their last update on Apr 25, 2022. The price target was set to 51.70+5.66.Over the last 30 days, this security got 4 buy, 0 sell, and 3 hold ratings.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $54.03 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 36.05% during the next 3 months and, with a 90% probability hold a price between $54.96 and $73.51 at the end of this 3-month period.

Twitter

The Twitter Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $47.75 and $41.42. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 12, 2022, and so far it has risen 16.21%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Twitter Inc finds support from accumulated volume at $50.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.05 between high and low, or 4.08%. For the last week, the stock has had a daily average volatility of 6.08%.

Twitter Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Check full Twitter forecast and analysis here.