FB breaks below 200-day moving average
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Facebook
|Down Close Near Low of Period||TQ Pro Members Only|
|2 Consecutive Lower Closes||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
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