TWTR slips to lowest close since May 9th


Technical Analysis Report for TWTR - May 17, 2018 [< 1 min read]
Highlights
TWTR breaks below previous session low
TWTR falls to lowest close since May 9th
TWTR ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

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.

Daily chart for TWTR
Volatility

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.

Price Action

Despite a strong opening the stock closed below the prior day's open and close, forming a bearish Engulfing Candle.

Support/Resistance

Prices are trading close to a key support level at 32.25.

Trend

Twitter shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.

Order Flow

Buying might accelerate should prices move above the close-by swing high at 33.22 where further buy stops could get triggered.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
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
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Twitter, Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

NATGAS 2.9580.028 0.96%
NDX 6,953.6360.01 0.87%
TBOND 142.4381.094 0.77%
DXY 93.9000.405 0.43%
SPX 2,733.298.85 0.32%
CRUDE 71.83-0.30 -0.42%
GBPUSD 1.3347-0.0083 -0.62%
EURUSD 1.1697-0.0081 -0.69%
USDJPY 110.08-0.82 -0.74%
NKY 22,437.01-252.73 -1.11%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.