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

source: Stockcharts.com

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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.

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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