Although the Facebook stock is up nearly 33% for the year, some analysts are concerned about the company's prospects. The stock's rise declined after the company released its second-quarter results in late July, as investors were concerned about a slight decline in daily active users in the U.S. and Canada, as well as earnings projections.
Facebook beat Wall Street analysts' expectations in its second-quarter earnings report.
Revenue rose 56% year-over-year to $29.1 billion, beating analysts' forecasts, and earnings per share doubled from the quarter that suffered a lockdown a year ago to $3.61, beating the consensus forecast of $3.02.
Despite that strong performance, Facebook's stock price fell...
The more the world absorbs: the Internet, the virtual universe, and the like, the higher the stock price of the companies that control social networks.
Today, we will analyze the share price of the Facebook corporation. It ranks as one of the Big Five tech companies along with Microsoft, Amazon, Apple, and Google.
Although the company has been since 2004,...
FACEBOOK INC. has had a good run during the lockdown and is now showing signs of a reversal on the Daily Charts along with the Asian Markets in a selling frenzy regarding the top listed tech companies.
The Triangle identified on the daily chart should see price ranging, before pushing lower sending the recent uptrend into a downtrend .
Facebook has been trading within a long term 1W Channel Up (RSI = 53.674, MACD = 5.760, Highs/Lows = 0.0000) having only recently made its Higher Low. Technically there can be room for one more minor pull back near the previous Low as the current candle sequence resembles that of February 2019. If however the 1D MA50 breaks (blue line) the pull back bias are...
just notice double top RSI at 60 on monthly RSI.
after a nice bounce off 40, bull market RSI support, its now hit 60, formed a double top, or potential bear market RSI resistance.
Price action looks like complete ass.
Looks like a confirmed double top as well.
Looks like southern cross evening candlestick pattern as well on most recent swing...
Reading some of our Spectro M and considering some of bad press FB is getting due to shady partnerships with government entities for content censorship and monitoring I'd bet on a bearish short-term call.
The Volume Analyzer, the color under the candles just went red, it's on precision mode so it's pretty fast and reactive.
We just had a Spectro M...
Recent spice was caused by the earnings report. However, facebook still remains very risk stock due to recent data scandal.
It is not a financial advice, everything you see in this chart is a personal opinion, should not be used as an offer to buy, hold or sell any security.