Price Alert: Facebook Inc (NASDAQ:FB) Stock Nears Resistance -- Technicals Hit Strength
(FB Price of Stock at Publication: $185.23)
Price Alert: Facebook Inc (NASDAQ:FB) has now crossed into technical strength -- watch the technical oscillators for momentum gaps. The company has not quite broken out to extreme strength, but rather sits at a four bull momentum rating -- that is strength but not yet through technical resistance.
The risk here is that the stock cannot break through the approaching technical resistance which could mean the current strength could flip. But for now, the stock price is moving slightly higher and does have room to the upside before it hits a potential wall of resistance and an overbought momentum rating of five bulls.
FB is up +3.5% over the last three months and up +8.4% over the last six months. The stock price is up +33.5% over the last year. The current stock price is $185.23.
FB Stock Returns
Technicals | Support: 175.94 | Resistance: 193.09
Golden Cross Alert: The 50 day MA is now above the 200 day moving average.
As we noted above -- the back of the envelope rule here is that when shorter-term moving averages move above the longer-term ones, momentum is building. We have that right now.
Swing Death Cross Alert: The short-term 10 day moving average is now below the 50 day moving average.
Recall that when we see the shortest-term moving average (10-day in this case) fall below any other moving average (50-day in this case), it indicates weakening momentum.
Pivot points are driving this: Facebook Inc has a four bull (top rated) technical rating because, while it is trading above its 10-, 50- and 200- day simple moving averages and the stock is up 1.58% on the day the day, the 10 day moving average is now below the 50 day moving average.
We now turn to the actual numbers driving this rating:
Facebook Inc (NASDAQ:FB) rating statistics:
10-day moving average: $180.87
50-day moving average: $182.11
200-day moving average: $171.63