American Stocks Analysis

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 falls anew - Analysis - 24-03-2017

Economies.com
2017-03-24 12:56PM UTC

Twitter's stock (TWTR) returned lower in the intraday levels, recording a loss of 0.33% in the last session, or 0.05 points, amid ongoing negative pressure from the SMA for the last 50 days period, as relative power indicators reached extremely overbought levels compared to the stock's downward movement, with the dominance of the main downward short-term trend along the trend line. 

 

Therefore we expect more losses to come for the stock, as long as the resistance of 15.50 holds on, targeting the pivotal support of 13.98. 

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