Wed 12'th Dec 2018

PERIOD 2018-09-13 - 2018-12-12
CHANGE 1.70%
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
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Facebook Stock Analysis

Technical stock analysis for Wed 12'th Dec 2018

Buy candidate since 2018-12-12
Shorts n/a
Cash 41 711.0 mill
Loans n/a
Beta 0.50
ROA 22.74

Facebook gained 1.70% in the last trading day, rising from $142.08 to $144.50 , and has now gained 4 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. The price has risen in 8 of the last 10 days and is up by 7.04% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 3.81 million more shares were traded than the day before. In total, 23.19 million shares bought and sold for approximately $3 351.25 million.

Trend

Facebook has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $142.50, a level that may pose a second chance to hit a runner. According to fan-theory $161.06 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

Only positive signals in the chart today. Facebook holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $140.64 and $142.73. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday December 07, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 69 and the stock is currently not being overbought or oversold

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Support & Resistance

Facebook finds support from accumulated volume at $139.53.

Support: $139.53 Price: $144.50 Resistance: $146.22

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 $4.68 (3.28%) between high and low. For the last week, the stock has had a daily average volatility of 3.15%.

Our recommended stoploss: $138.43 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Weaker Buy Today FB ranks #372 as BUY CANDIDATE. Stronger Buy
Today FB ranks #372 as BUY CANDIDATE.