TWTR slips to lowest close since May 9th


Twitter, Inc. (TWTR) Technical Analysis Report for 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
Report Sentiment: 33% Bearish
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.

Market Conditions for Twitter, Inc.
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
4 Consecutive Higher Closes TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
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