Facebook shares sank in the month following the Cambridge Analytica revelations, and they remain down more than 2 percent in 2018 against the S&P 500’s 7 percent climb.
The stock was set to add to the year’s losses Wednesday morning, down 0.3 percent in pre-market trading. In the last one year, facebook shares has grown by 3.52%, In the last 3 months, it went down at an average of -6.61%; In the last 1 month, it went down by -1.49%; In the last 5 days, it went down, -0.61%. Facebook shares has been ranging ever since its share price dropped towards the end of the market day on the 25th of July, 2018. Its fall might continue since there are unresolved issues around the brand, Facebook.
The senkou span(purple colour) of the Ichimoku kinko Hyo shows the future of the market to be a downtrend or on a sell region. The RSI is above 70 which shows it is overbought for a long time and now in the sell region. It has not been oversold on the daily time frame. There are tendencies there will be more selling of the facebook shares.
