Published On: Tue, Mar 21st, 2017

Facebook, Inc. (FB/NYSE/S&P500)

InstaForex

Industry: Internet provider of information

Current trend

The Wall Street analysts expect the 28% YoY growth of the commercial profit of the company by 2019. The key drivers are the commercials with the Instagram, which YoY growth rate is expected to be 47%, and the mobile video commercials. Despite the significant growth of the commercial profit, the marginality of the company on result of 2017 will not grow significantly due to the significant capital investments into the developing business systems such as Messenger, WhatsApp and Oculus. The investments will provide the successful monetization of the projects.

During the last week the Facebook shares grew by 0.24% against the lowering of the S&P 500 index by 0.01%.

The comparative analysis between the indicators of the company and its competitors suggest the neutrality of its share prices.

Key levels

Yesterday the issuer was traded sideways. The price didn’t change significantly. The issuer tested the local demand zone of 139.40-139.60 for some times. The stocks kept this level. The technical picture reflects the development of the “bullish” moods. The indicators give a buy signal too. Find entering points to open long positions.

Support levels: 139.40, 138.60.

Resistance levels: 140.20.

Trading scenario

If the price is set above the local resistance level of 140.20, buy the stocks. Stop loss is at 139.65. Fix the potential profit partially at the levels of 140.75, 141.25 and 141.50. 

Forex Analysis

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