Facebook Stock Analysis
Facebook gained 0.01% in the last trading day, rising from $192.40 to $192.41 , 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. The price has risen in 6 of the last 10 days and is up by 2.53% 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, 3.91 million more shares were traded than the day before. In total, 15.12 million shares bought and sold for approximately $2 909.37 million.
Facebook lies in the middle of a wide and strong 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 19.81% during the next 3 months and, with 90% probability hold a price between $213.16 and $237.76 at the end of this period.
Only positive signals in the chart today. Facebook 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 $191.13 and $183.69. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday June 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.