TWTR rallies 6.1% closing $2.69 higher


Twitter, Inc. (TWTR) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
TWTR rallies 6.1% closing $2.69 higher
TWTR dominated by bulls lifting the market higher throughout the day
TWTR closes higher for the 5th day in a row
TWTR ends the day on a bullish note closing near the high of the day
TWTR pushes through previous session high
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 5th day in a row, TWTR ended Thursday at 46.76 surging $2.69 (6.1%). This is the biggest single day gain in over a month. Today's closing price of 46.76 marks the highest close since April 27, 2015. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 44.55, the stock confirms its breakout through the prior session's high having traded $2.25 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for TWTR
Volatility

Thursday's trading range was $2.30 (5.16%), that's far above last trading month's daily average range of $1.19. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only bullish while our quantitative statistics show a very bullish sentiment.

Market Conditions for Twitter, Inc.
ConditionForecastDirectionWinAvgWorstBest
Up Close near high of period TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
Close near high of period TQ Pro Members Only
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