Facebook, Inc. (NASDAQ:FB) employees reveal that the overall workplace sentiment had turned bleaker

Facebook Inc. (FB) saw a drop in both stock price and employee morale over the past year. According to a report by The Wall Street Journal, an internal survey taken by around 29,000 employees revealed that the overall workplace sentiment had turned bleaker compared to a year ago.

The overall favorability score saw a drop to 70% from 73% last year. Only 52% of employees seem optimistic about the company’s future, indicating a 32% drop from 84% last year. Last year, 87% of employees said they were proud to work at Facebook. This number dropped to 70% in the current year. 53% said Facebook was making the world a better place, down 19% from last year.

On average, employees said they planned to work at Facebook for another 3.9 years, which is down from 4.3 years last year. Around 12% of employees intend to stay less than a year. However, not all is bad news. 81% of employees said it was important to fulfil Facebook’s mission of building the community and bringing the world closer. This number stayed flat compared to a year ago.

Facebook’s stock is down 21% year-to-date and over the past one month, the stock has dropped 7%.

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 163.15.

The projected upper bound is: 152.87.

The projected lower bound is: 134.65.

The projected closing price is: 143.76.

Candlesticks

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 18.2030. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 12 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 40.19. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 47 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -72. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 2 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed up 2.060 at 144.220. Volume was 18% below average (neutral) and Bollinger Bands were 36% narrower than normal.

Open High Low Close Volume___

143.700 145.580 141.550 144.220 22,068,384

Technical Outlook

Short Term: Oversold

Intermediate Term: Bearish

Long Term: Bearish

Moving Averages: 10-period 50-period 200-period

Close: 147.30 156.08 175.29

Volatility: 26 38 47

Volume: 20,208,872 25,279,364 27,895,894

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

FACEBOOK INC A is currently 17.7% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of FB.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on FB.O and have had this outlook for the last 38 periods.