Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Twitter's stock (TWTR) fell in the intraday levels, recording a loss of 0.34% in the last session, or 0.05 points, after testing the main downward short-term trend line, with a negative divergence forming in the Stochastic indicator as shown below the attached chart, coupled with ongoing negative pressure from the SMA for the last 50 days period.
Therefore we reaffirm our negative outlook for the stock, as long as the resistance of 15.35 holds on, targeting the pivotal support of 14.00.