FB breaks below 200-day moving average
Facebook Inc. (FB) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, FB ended the week 1.39% higher at 180.26 after losing $2.83 (-1.55%) today. Today's closing price of 180.26 marks the lowest close since August 3rd. Closing below Thursday's low at 182.48, Facebook confirms its breakout through the prior session's low having traded $3.06 below it intraday.
Daily Candlestick Chart (FB as at Aug 10, 2018):
Friday's trading range was $2.68 (1.47%), that's below last trading month's daily average range of $4.38. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way above average.
The share shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The stock broke below the 200-day moving average at 181.81 today for the first time since July 26th.
With four out of the other four FAANG Stocks closing lower today, the ones that stand out on the negative side are NFLX losing -1.0% and GOOGL closing -0.95% lower. None of the markets managed to end the day in the green. Read more