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 Rate Of Daily Change of 1.025992. Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Facebook.
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% .
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.