TWITTER INC. - 1H - Technical analysis published on 05/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
TWITTER INC. Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 27.58 USD
My targets
30.08 USD (+4.12%)
31.13 USD (+7.75%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on TWITTER INC.. As long as you are above the support located at 27.58 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 30.08 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 31.13 USD as an objective. Crossing it would then enable buyers to target 34.22 USD. If the support 27.58 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
1.4
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The TWITTER INC. price is 28.89 USD. The price has increased by -0.89% since the last closing and was between 28.61 USD and 29.68 USD. This implies that the price is at +0.98% from its lowest and at -2.66% from its highest.28.61
29.68
28.89
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TWITTER INC.:
Technical
A technical analysis in 1H of this TWITTER INC. chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.05 | 26.43 | 27.58 | 28.89 | 28.89 | 30.08 | 31.13 |
| Change (%) | -13.29% | -8.52% | -4.53% | 0% | - | +4.12% | +7.75% |
| Change | -3.84 | -2.46 | -1.31 | 0 | - | +1.19 | +2.24 |
| Level | Minor | Major | Intermediate | Major | - | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.01 | 28.55 | 28.85 | 29.39 | 29.69 | 30.23 | 30.53 |
| Camarilla | 28.92 | 29.00 | 29.07 | 29.15 | 29.23 | 29.30 | 29.38 |
| Woodie | 27.89 | 28.49 | 28.73 | 29.33 | 29.57 | 30.17 | 30.41 |
| Fibonacci | 28.55 | 28.87 | 29.07 | 29.39 | 29.71 | 29.91 | 30.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.64 | 26.52 | 28.22 | 29.10 | 30.80 | 31.68 | 33.38 |
| Camarilla | 29.22 | 29.46 | 29.69 | 29.93 | 30.17 | 30.40 | 30.64 |
| Woodie | 26.06 | 26.73 | 28.64 | 29.31 | 31.22 | 31.89 | 33.80 |
| Fibonacci | 26.52 | 27.50 | 28.11 | 29.10 | 30.08 | 30.69 | 31.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.39 | 18.37 | 23.53 | 27.51 | 32.67 | 36.65 | 41.81 |
| Camarilla | 26.17 | 27.00 | 27.84 | 28.68 | 29.52 | 30.36 | 31.19 |
| Woodie | 14.97 | 18.67 | 24.11 | 27.81 | 33.25 | 36.95 | 42.39 |
| Fibonacci | 18.37 | 21.87 | 24.02 | 27.51 | 31.01 | 33.16 | 36.65 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.55 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | -5.36 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 29.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.89 | |
| Elder Ray (13): | -0.13 | |
| Super Trend (3,10): | 28.90 | |
| Zig ZAG (10): | 29.53 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 32.59 | |
| TEMA (21): | 29.53 | |
| Williams %R (14): | -46.21 | |
| Chande Momentum Oscillator (20): | -0.37 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 1.31 |
| MA7: | 28.95 | |
| MA20: | 28.43 | |
| MA50: | 27.65 | |
| MA100: | 30.91 | |
| MAexp7: | 29.39 | |
| MAexp20: | 29.41 | |
| MAexp50: | 29.08 | |
| MAexp100: | 28.65 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | +1.62% | |
| Price / MA50: | +4.48% | |
| Price / MA100: | -6.54% | |
| Price / MAexp7: | -1.70% | |
| Price / MAexp20: | -1.77% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | +0.84% |
News
The latest news and videos published on TWITTER INC. at the time of the analysis were as follows:
-
Twitter Announces Some Workers Will Be Allowed To Work From Home After Pandemic Ends
- Twitter Appoints Dr. Fei-Fei Li to Board of Directors
-
Elon Musk Goes On Twitter Rant Over Its Shut Down Car Factories, Threatens To Sue California
- Argentine Exchange Bondholder Group Launches Website and Twitter Account
-
Twitter Sees Record User Growth Amid COVID-19
This member declared not having a position on this financial instrument or a related financial instrument.
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