Wednesday, December 16, 2020

Chart of the Day - Twitter


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Barchart.com's Chart of the Day - Twitter
December 16, 2020: Published by Barchart.com

The Barchart Chart of the Day belongs to the social media company  Twitter (NYSE:TWTR).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 12/10 the stock gained 6.37%.  

Twitter, Inc. operates as a platform for public self-expression and conversation in real time United States and internationally. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services. In addition, the company offers a set of tools and public application programming interfaces for developers to contribute their content to its platform, syndicate and distribute Twitter content across their properties, and enhance their Websites and applications with Twitter content. Further, it provides subscription access to its public data feed for data partners. Twitter, Inc. was founded in 2006 and is headquartered in San Francisco, California.

TWTR Twitter

 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signal
  • 89.20+ Weighted Alpha
  • 75.53% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 27.22% in the last month
  • Relative Strength Index 77.73%
  • Technical support level at 51.97
  • Recently traded at 54.36 with a 50 day moving average of 46.47

Fundamental factors:

  • Market Cap $42 billion
  • Revenue expected to grow 4.40% this year and another 21.60% next year
  • Earnings estimated to increase 225.40% next year
  • Wall Street analysts issued 1 strong buy, 1 buy, 21 hold and 11 under perform recommendations on the stock
  • The individual investors following the stock on Motley Fool voted 972 to 238 that the stock will beat the market
  • 259,270 investors are monitoring the stock on Seeking Alpha
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Copyright © 2018, All rights reserved. The information contained herein is derived from public sources believed to be reliable but is not guaranteed as to its accuracy or completeness. No responsibility is assumed for the use of this material and no express or implied warranties nor guarantees are made. Nothing contained herein should be construed as an offer to buy or sell, or as a solicitation to buy or sell, any securities or derivative instruments.
 

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