Twitter shares close higher on Thursday, company changes design across its products

Twitter Inc (TWTR) has reportedly introduced changes to design of its products, as the company aims at speed and simplicity. Changes are to affect, TweetDeck, Twitter Lite as well as the companys applications for iOS/Android during the “coming days and weeks.”

Twitter shares closed higher for a third time in the past ten trading sessions on Thursday. The stock went up 0.42% ($0.07) to $16.83, with the intraday high and the intraday low being at $16.89 and $16.46 respectively. In the week ended on June 11th the shares of the social media company lost 7.70% of their market value compared to a week ago, which marked the fourth drop in the past five weeks and also the worst performance since the week ended on February 12th. The stock has pared its loss to 8.13% so far during the current month, following an 11.17% surge in May. The latter has been a second consecutive month of gains. For the entire past year, Twitter shares plummeted 29.56%.

Under the changes, user reactions to tweets, such as likes, retweets and replies, are now updated in real time in order for users to participate more directly in conversations.

In addition, icons have also received a new design, while headlines have been made larger.

According to Seeking Alpha, the move, however, is receiving a lot of criticism by users, as the essence of Twitters product (for example, editing of tweets and blocking harassers) remains without an update.

According to CNN Money, the 30 analysts, offering 12-month forecasts regarding Twitter’s stock price, have a median target of $15.00, with a high estimate of $25.00 and a low estimate of $9.20. The median estimate is a 10.87% decrease compared to the closing price of $16.83 on June 15th.

The same media also reported that 19 out of 36 surveyed investment analysts had rated Twitter’s stock as “Hold”, while 10 – as “Sell”. On the other hand, 4 analysts had recommended buying the stock.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Twitter stock are presented as follows:

R1 – $16.87
R2 – $16.91
R3 (Range Resistance – Sell) – $16.95
R4 (Long Breakout) – $17.07
R5 (Breakout Target 1) – $17.20
R6 (Breakout Target 2) – $17.27

S1 – $16.79
S2 – $16.75
S3 (Range Support – Buy) – $16.71
S4 (Short Breakout) – $16.59
S5 (Breakout Target 1) – $16.46
S6 (Breakout Target 2) – $16.39

By using the traditional method of calculation, the weekly levels of importance for Twitter Inc (TWTR) are presented as follows:

Central Pivot Point – $17.23
R1 – $18.01
R2 – $19.12
R3 – $19.90
R4 – $20.68

S1 – $16.12
S2 – $15.34
S3 – $14.23
S4 – $13.12 is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

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