Twitter Technical Analysis (NYSE:TWTR)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Twitter stock price data and volume are plotted in TWTR stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Twitter. Technical analysis uses an approach for Twitter stock analysis that does not care for the fair value of a company but uses price and volume data only.
Twitter Moving Average
Moving averages help predict the price direction of TWTR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $35.67 is above the price of $32.38.
Twitter Bollinger Bands
Bollinger bands comprise of a center line usually TWTR SMA, and two TWTR stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $32.38 is in the lower range of Twitter bollinger bands.
Twitter Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Twitter MACD line is above the signal line.
Twitter Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of TWTR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.