Twitter, Inc. (NYSE:TWTR) gained 0.12% in Friday’s session, going up from its prior closing price of $16.85 to $16.87. The price has fallen in 6 of the last 10 days and is down by -6.33% over the same course of time. The upbeat movement of both volume and price during the recent session is interpreted as a good sign, and, overall 2.34 million more shares exchanged hands compared with prior day. In total, 9.35 M shares exchanged hands for about $157.74 million.
Inside TWTR’s Recent Trend
Twitter, Inc. (TWTR) lies in the middle of a very wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -8.21% over the course of a quarter and, with 90% chance the price will be floating in the range of $13.58 and $17.60 in this timeframe.
Twitter, Inc. Technical Signals
TWTR has witnessed its long term and short term MA triggering a sell signal. Upon corrections, the price will meet resistance from the averages between $17.06 and $16.98. A buy signal will be generated if it crosses above any of these levels. Its pivot point high generated sell signal on Wednesday September 27, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity.
Twitter, Inc. (NYSE:TWTR) Support And Resistance Levels
Twitter, Inc. (TWTR) recorded volume accumulation so there will probably be a surplus of buyers at $16.84. In case of gains, the next resistance from accumulated volume will be at $19.25, $19.61 and $20.53.
Twitter, Inc. (TWTR) Risk Assessment
The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $0.29 (1.73%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 2.70%.