The Hourly View for FB
Last Updated September 15, 2020, 11:15 GMT
At the moment, FB’s price is up $7.15 (2.68%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as FB has now gone down 5 of the past 5 hours. If you’re a Trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Facebook Inc Daily Price Recap
Facebook Inc closed yesterday down 0.17% ($0.46); this denotes the 3rd consecutive day a decline has happened. The price move occurred on volume that was up 26.34% from the day prior, but down 0.31% from the same day the week before. Below is a daily price chart of Facebook Inc.
Facebook Inc Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 30 days Facebook Inc’s price has gone down 16 them.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about FB:
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Skillz touts 40 million registered users and more than 30,000 registered developers on its gaming platform. It is anticipated that in 2020, Skillz’s patented technology will power over 2 billion casual esports tournaments and facilitate $1.6 billion in paid entry fees for games hosted on its secure and proprietary platform.
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$FEAC Investor Presentation
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