Investors can use this prediction interface to forecast Facebook historic prices and determine the direction of Facebook future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Facebook historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Facebook systematic risks associated with finding meaningful patterns of Facebook fundamentals over time. Additionally see Historical Fundamental Analysis of Facebook to cross-verify your projections.
On July 12, 2019 Facebook had Price Action Indicator of 5.235. Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.
On July 15 2019 Facebook was traded for 203.91 at the closing time. The highest price during the trading period was 205.33 and the lowest recorded bid was listed for 201.82 . The volume for the day was 16 M. This history from July 15, 2019 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.47% . The overall trading delta to the current price is 0.34% .
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.