TWITTER INC.

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Change:	-
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Type:	Stocks
Ticker:	TWTR
ISIN:

TWITTER INC. - Daily - Technical analysis published on 08/27/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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TWITTER INC. Chart

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 38.43 USD

My targets

45.77 USD (+12.87%)

46.76 USD (+15.31%)

My analysis

TWITTER INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 38.43 USD. The next resistance located at 45.77 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 46.76 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay.

Additional analysis

Quotes

The TWITTER INC. price is 40.55 USD. The price is lower by -1.29% since the last closing and was traded between 40.07 USD and 41.25 USD over the period. The price is currently at +1.20% from its lowest and -1.70% from its highest.

40.07

41.25

40.55

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of TWITTER INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	34.22	36.45	38.43	40.55	40.80	46.76
Change (%)	-15.61%	-10.11%	-5.23%	-	+0.62%	+15.31%
Change	-6.33	-4.10	-2.12	-	+0.25	+6.21
Level	Minor	Major	Major	-	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.95	39.47	40.28	40.80	41.61	42.13	42.94
Camarilla	40.71	40.84	40.96	41.08	41.20	41.32	41.45
Woodie	39.09	39.54	40.42	40.87	41.75	42.20	43.08
Fibonacci	39.47	39.98	40.30	40.80	41.31	41.63	42.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.60	36.43	37.85	38.68	40.10	40.93	42.35
Camarilla	38.64	38.85	39.05	39.26	39.47	39.67	39.88
Woodie	35.89	36.58	38.14	38.83	40.39	41.08	42.64
Fibonacci	36.43	37.29	37.82	38.68	39.54	40.07	40.93

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.69	25.38	30.89	35.57	41.08	45.77	51.28
Camarilla	33.60	34.53	35.47	36.40	37.34	38.27	39.20
Woodie	21.11	25.58	31.30	35.78	41.50	45.97	51.69
Fibonacci	25.38	29.27	31.68	35.57	39.47	41.87	45.77

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	67.91
MACD (12,26,9):	1.2500
Directional Movement:	22.01
AROON (14):	78.57
DEMA (21):	40.17
Parabolic SAR (0,02-0,02-0,2):	37.35
Elder Ray (13):	1.44
Super Trend (3,10):	37.04
Zig ZAG (10):	40.43
VORTEX (21):	1.1100
Stochastique (14,3,5):	90.56
TEMA (21):	40.53
Williams %R (14):	-16.34
Chande Momentum Oscillator (20):	3.24
Repulse (5,40,3):	2.4000
ROCnROLL:	1
TRIX (15,9):	0.4200
Courbe Coppock:	15.83

MA7:	39.95
MA20:	38.20
MA50:	35.84
MA100:	33.12
MAexp7:	39.95
MAexp20:	38.53
MAexp50:	36.46
MAexp100:	34.65
Price / MA7:	+1.50%
Price / MA20:	+6.15%
Price / MA50:	+13.14%
Price / MA100:	+22.43%
Price / MAexp7:	+1.50%
Price / MAexp20:	+5.24%
Price / MAexp50:	+11.22%
Price / MAexp100:	+17.03%

Quotes : 2020-08-27 15:16:58 - 15 min delayed data - NYSE Stocks

News

The last news published on TWITTER INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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