Fri 20'th Oct 2017
Twilio Inc Stock Analysis
Technical stock analysis for Fri 20'th Oct 2017
Buy candidate since 2017-10-19 Gain 3.75%
Twilio Inc lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.7% during the next 3 months and, with 90% probability hold a price between $29.27 and $36.49 at the end of this period.
Only positive signals in the chart today. Twilio Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $32.01 and $30.86. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday October 19, 2017, 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.
Relative Strength Index (RSI)
RSI14 is 65 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $30.53 and $30.28. On the upside the stock meets some resistance just above today's level from accumulated volume at $32.67, $33.00 and $33.58.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Twilio Inc finds support just below today's level at $30.53. If this is broken, then the next support from accumulated volume will be at $30.28 and $29.14. The stock is about to test the resistance from accumulated volume at $32.67 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock may move much during a 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 $1.60 between high and low, or 5.08%. For the last week, the stock has had a daily average volatility of 3.06%.
Our recommended stoploss: $31.06 (-4.78%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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