Yesterday Twitter went up and closed at $35.29

26.02.2022

By Axiory Intelligence

Yesterday at a glance: Twitter recovered all the way back up to $35.29 after dipping down to $34.13.

• The trading volume was 15.18 million, which is below the daily average of 20 million.

Yesterday's closing bell ended a trading session during which both Twitter and S&P 500 increase by 0.89% and 2.24%, repspectively. While Twitter had a good day and increased by 0.89%, Communication Services stood out with its 1.28% increase.

The company's market cap is $28.25 billion with an average daily volume of 20 million; Twitter has lost 17.4% this year. So far, it has been under-performing the S&P 500​ by 7.8%. $1.57 billion was Twitter's last reported revenue with 33 cents being the current EPS.

In terms of trend indicators, we can see that at $35.22, Twitter Inc made an initial breakout above 10 day Simple Moving Average, an indication of a positive trend. Medium-term trend indication has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line crosses above the MACD signal line. A study of Twitter's chart pattern shows the nearest resistance level is at $38.12.

Overall, looking at the technical analysis landscape, it seems Twitter might continue pointing upwards in the short term.

This green move in Twitter's share price coincided with other communication services stocks as Verizon gained 2.91%, as it traded at $54.12. AT&T traded at $23.91 after closing yesterday's trading day at $23.23 (up 2.93%). Charter traded at $601.16 after closing yesterday's trading day at $586.59 (up 2.48%).

Back