Technical Analysis: Google, Facebook, Akamai, LinkedIn And Apple

Facebook Stock Technical Analysis

technical analysis_15_1_2015

Facebook (NASDAQ:FB) share price is testing the 100 day moving average. As can be seen from the chart, 100 day moving average has acted as a strong support for Facebook stock price. Facebook’s stock has repeatedly bounced back after testing the 100 day moving average in past. 100 day moving average is likely to continue as a strong support for Facebook stock. Currently Facebook’s RSI of 27.38 is in oversold territory, indicating that price is likely to rise in next few trades. All the above indicators points towards upward movement in Facebook’s stock price. However, if the stock price breaches the 100 day moving average and remains below the average for next few trades, then the 100 day moving average may act as a strong resistance to Facebook’s stock price.

FB-technical-chart_15_01_2015
Source: Facebook Technical Analysis Chart by Amigobulls

Akamai Stock Technical Analysis

Akamai (NASDAQ:AKAM) stock price has breached 100 day moving average support after break out from double top formation. As can be seen the stock has formed a double top pattern with the peak at $64.79. The stock reached peak of $64.61 on November 28th before declining to a low of $59.9 on December 16th. The stock again rose to a high of $64.79 before declining to $60.7 level on January 9th. It traded around that level for few days before breaking 100 day moving average level on January 14th, where it has found support previously. The break out is supported by increasing volume, which further confirms that price is likely to decline. MACD divergence of -0.38 also indicates a bearish market for the stock. 100 day moving average is likely to act as a resistance level, going forward.

AKAM-technical-chart _15_01_2015
Source: Akamai Technical Analysis Chart by Amigobulls

eBay Stock Technical Analysis

eBay (NASDAQ:EBAY) stock price has hit the lower of the Bollinger bands, which indicates that price is likely to rise up. Signal from the Bollinger bands is confirmed by the RSI. The RSI of 26.21 indicates that the stock is in the oversold territory. The stock price is also testing the 100 day moving average. This is the first time the stock is testing the 100 day moving average after crossing it on October 31st. Next few trades will tell us whether the moving average will provide support to eBay’s stock price confirming signals from Bollinger bands and RSI.

EBAY-technical-chart_15_1_2015
Source: eBay Technical Analysis Chart by Amigobulls

LinkedIn Stock Technical Analysis

LinkedIn (NYSE:LNKD) stock price is ready to test its 100 day moving average. LinkedIn’s stock has declined from previous high of $227.13 to $219. 100 day moving average has acted as a strong support for LinkedIn’s stock in past six months. The stock price has recovered after nearing the 100 day moving average in last six months. Volume is seen declining in last three trades indicating that downward movement of stock price is losing momentum.

LNKD-technical-chart_15_1_2015
Source: LinkedIn Technical Analysis Chart by Amigobulls

Apple Stock Technical Analysis

Apple (NASDAQ:AAPL) stock price is facing resistance from 20 day moving average while 100 day moving average is providing support. The stock has tested the 20 day moving average on more than three occasions, but it has not been able to go beyond the 20 day moving average line. The stock price is again likely to test the 20 day moving average today. Every time stock price fails to break the moving average line, it makes it a stronger resistance level.

AAPL-technical-chart_15_1_2015
Source: Apple Technical Analysis Chart by Amigobulls

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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