VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

FB Forecast and Technical Stock Analysis

Buy candidate since 2019-07-12 Loss -1.50%

Facebook fell by -1.00% in the last day ( Wednesday, 17th Jul 2019 ) from $203.84 to $201.80 and has now fallen 4 days in a row. During day the stock fluctuated 1.37% from a day low at $201.59 to a day high of $204.36. The price has fallen in 6 of the last 10 days , but is still up by 3.49% over the past 2 weeks. Volume has increased in the last day by 0.01 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 11.81 million shares bought and sold for approximately $2 382.85 million.

Quick summary:

  • 30 day high of the FB stock price was $205.47 and low was $184.41.
  • 90 day high was $205.47 and low was $160.84.
  • 52 week high for the Facebook - $218.62 and low - $123.02.
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Trend

Facebook lies in the upper part of a wide and weak rising trend in the short term, and this will 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 $205.41 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 5.69% during the next 3 months and, with 90% probability hold a price between $179.43 and $217.10 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday July 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Facebook holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $202.51. On a fall, the stock will find some support from the long-term average at approximately $187.52. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Facebook finds support from accumulated volume at $193.26.

Support: $193.26 Price: $201.80 Resistance: $202.73

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.77 (1.37%) between high and low. For the last week, the stock has had a daily average volatility of 1.83%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: $195.09 (-3.32%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from pivot top found 3 days ago.)

1.83 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Also 84% of user sentiment are positive to the stock. The sentiment is based upon 129 votes on StockTwits.

Weaker Buy Today FB ranks #967 as BUY CANDIDATE #967 Stronger Buy

Will FB stock price go up or down on Fri, 19 Jul 2019?

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