Twitter Inc, Apple Inc. And Walt Disney Co - Technical Stock Trading Ideas For Today

Twitter Inc (NYSE:TWTR) stock falls below the 50-day Simple Moving Average (SMA). MACD bearish.

Shares of social networking company Twitter Inc (NYSE:TWTR) have been on a constant decline over the last one month. TWTR stock lost nearly 13% during this period. The San Francisco, California-based company's stock made a bearish crossover with its 50-day SMA yesterday. The stock closed 1.24% down at $16.76 a share in yesterday's trade. The Moving Average Convergence Divergence (MACD) indicator also had turned bearish recently. The MACD turned negative on June 13th when the MACD fell below the center line. Currently, the stock trades below its key SMAs of 20-day, 50-day and 200-day. Twitter shares have the next support level at their 100-day SMA which presently stands at $16.46. TWTR stock may soon rebound as it is very near oversold territory. The present Relative Strength Index (RSI) measure for Twitter is 30.82 just above the oversold threshold of 30. Also, the stock price is very close to the lower Bollinger Band and could soon breach the lower band to signal an oversold condition.
TWTR Technical chart

Apple Inc. (NASDAQ:AAPL) - MACD makes a bearish crossover with the center line.

Shares of Apple Inc (NASDAQ:AAPL) have corrected more than 6% in the last few days after a tremendous run this year. AAPL stock is still up by more than 25% in the YTD. Such has been the bull run. Apple stock has suffered recently due to the Goldman Sachs (NYSE:GS) tech bubble commentary and a few rating downgrades and price cuts. Apple had fallen below its 20-day and 50-day SMAs recently. The stock is still at some distance away from its next level of support, the 100-day SMA, which is at $141.51. After yesterday's trading session, shares of the Cupertino, California-based company saw the MACD line fall below the center line in a bearish move. This latest bearish crossover could mean that the iPhone maker's stock could struggle further. However, the downtrend in Apple may not last long since the stock is in oversold territory. Popular momentum indicators, the Relative Strength Index(RSI) and the Bollinger Bands combined flash an oversold signal. The current RSI value of 29.51 is below the oversold threshold of 30. Also, Apple's latest closing price of $145.16 clearly indicates it has breached the lower Bollinger Band signaling an oversold condition.

AAPL Technical chart

Walt Disney Co (NYSE:DIS) stock saw a 'Death Cross' yesterday.

In the last trading session, shares of the entertainment giant, Walt Disney Co (NYSE:DIS) witnessed a 'Death Cross', as we predicted in our previous coverage. This is commonly seen as a bearish signal. According to Investopedia, "A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level. As long-term indicators carry more weight, this trend indicates a bear market on the horizon." In the case of Disney stock, the long-term 100-day SMA broke above the 50-day SMA in yesterday's trade. The stock has largely moved sideways after its Q2 earnings and is down more than 5% since then. The shares have fallen below all the key SMAs, be it the 20-day, 50-day or the 100-day SMA. Also, currently the stock is facing strong resistance from its short-term 20-day SMA at $106.89. With Disney shares seeing a 'Death Cross', the stock price could fall to as low as its 200-day SMA. The 200-day SMA at $103.94 is the next level of support for DIS stock. If you're looking for more such trading ideas, you should check out our daily trading ideas section.

Disney Technical Chart-compressed


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Sreekanth Anasa Sreekanth Anasa   on Amigobulls :

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.

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Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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Comments on this article and TWTR stock

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Disney had a pre-market gain of 1.70 this morning and yet it did not get reflected in the shares! Anytime there is a negative pre-market it does....this stock has been treated so unfairly in the last two years for a company breaking All-time Record high Profits and Revenue and for the kind of Rock Solid company that it is with Great diversification, Wonderful long-term investments, An Incredible versatility of major brands, Fantastic Marketing and a bevy of Licenses and Trademarks!! Most of all the major finance companies call Disney a Buy Right now and the rest hold and only 2 sell and many big banks and companies are buying more shares but these ignorant investors keep pulling the stock down!! Disney was at 211 and 170 a share in the 70's and 152 and 142 in 1986 and 1992 and two other times at current levels or higher in the 100's and all of these were before the acquisition of Espn and it's huge revenue and profits it has generated. Disney has lost no money at Espn or in any other division of the company and continues to grow around the world by leaps and bounds in every division (including Espn which gained 24 million new international Espn Subscriptions twice as many as the so publicized losses in the same time period plus adding so many new streaming venues including Hulu which they have a stake in and new channel to be launched this year with global opportunities in all venues abounding)becoming a household name globally!!China brought in excess of 150 million for pirates so far with another big weekend to come!! The Disney China was a coo of tremendous proportions that has huge ramifications on the companies bottom line for all divisions with so much more potential, 2 billion strong hungry for the Disney Brand! These irresponsible investors should be ashamed of themselves for keep bringing down the smaller investor and a company that gave them fabulous pay-offs over the years that is earning more than the GNP of some countries with record simply is Avarice (Extreme Greed) and fits our times perfectly!Way to show people how superficial and trivial you are when people are dying everyday!!!!! Total Joke!!
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