TWTR slips to lowest close since May 9th
TWTR finished Thursday at 32.58 losing $0.19 (-0.58%). Today's closing price of 32.58 marks the lowest close since May 9th. Closing below Wednesday's low at 32.67, the share confirms its breakout through the previous session's low having traded $0.39 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Thursday's trading range was $0.73 (2.23%), that's below last trading month's daily average range of $1.37. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.
Despite a strong opening the stock closed below the prior day's open and close, forming a bearish Engulfing Candle.
Prices are trading close to a key support level at 32.25.
Twitter shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.
Buying might accelerate should prices move above the close-by swing high at 33.22 where further buy stops could get triggered.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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|Closed below last periods low||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Bearish Engulfing Candle||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
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