Twitter suffers negative pressures - Analysis - 01-07-2022

Economies.com
1 year ago

Twitter's stock (TWTR) declined in the intraday levels amid the dominance of the main downward trend in the medium term, with negative signals from the RSI after reaching overbought levels, while suffering pressure from trading below the 50-day SMA, marking a loss of 1.08%, or 41 cents, and settling at 37.39, with trading volumes surpassing 7.1 million shares, below 10-day averages of 12.5 million shares. 

 

Therefore we expect more losses for the stock, targeting the first support at 35.40, provided the resistance of 40.95 holds on.

Advertistment

 

Open Live Trading Account

Expected trend for today: Bearish 

Stocks Technical Analysis

United States Analysis

Stocks

KOHL's extends losses - Analysis - 26-09-2023
14 hours ago
KOHL's Corporation's stock (KSS) kept falling in the intraday levels amid negative pressure from ...
United States Analysis

Stocks

Novavax retests upward correctional trend line - Analysis - 26-09-2023
14 hours ago
Novavax's stock (NVAX) rose in the intraday levels, with positive signals from the RSI after ...
United States Analysis

Stocks

Rivian tries to vent off oversold saturation - Analysis - 26-09-2023
14 hours ago
Rivian Automotive's stock (RIVN) rose in the intraday levels, while recouping some recent losses, ...