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- 1 Twillo’s stock price gained more than 11% in the last week of August.
- 2 Twillo’s share (NYSE: TWLO) price took support from 200 EMA and managed to close above 50 EMA.
- 3 Twillo’s share price is forming a bullish flag on the daily chart.
Twillo’s stock price showed bullishness after the news came on 23 August about the introduction of CustomerAI capabilities designed to make artificial intelligence more accessible and data-driven interaction with customers at every touchpoint.
Chief Executive Jeff Lawson said that the real value unlocks for AI will be pairing large language models with first-party data sets, which is where Twilio is differentiated.
The CustomerAI introduction by the company impacted the stock price positively and the stock price closed on Friday with a gain of 11%. The daily chart shows that the price seems to be in a short-term correction phase, forming a bullish flag pattern.
The company disclosed quarterly results on the 8th of August with revenue of 1.03 Billion. The earnings came out to be 0.301 Billion beating the estimates by 79.4%. However, the positive results could not leave any major impact except creating volatility in the stock.
The analysts offering one-year price forecasts for Twillo Inc. have a max estimate of $110 and a min estimate of $50. Twillo Inc. (NYSE: TWLO) engages in the development of communication software, cloud-based platforms, and other services. The Products include Twillo Flex, messaging, and IoT.
Twillo stock derivatives data analysis states that the current implied volatility in the market is 40.14% with a decrement of 2.05% in the last trading session. The at-the-money strike price has 47 open contracts on the put side and 1559 open contracts on the call side indicating the dominance of sellers at the current level. The PUT/CALL ratio is 0.61 suggesting an overall domination of sellers in the market as per the data.
Twillo Stock Price Forming A Bullish Flag Pattern Over The Daily Chart
The Twillo share price closed at $65.42 on Friday with an intraday gain of 2.68%. However, the price could not break above the channel pattern.
The short-term outlook, as per the analysts, states that the stock price trend may remain bearish to neutral until the price trades in the channel pattern. The breakout of the pattern may trigger a trending move in the stock to lead to a price above $70.
The stock may seem volatile with a tough fight between buyers and sellers until the price remains in the zone.
Technical Indicators predict a potential trending move might occur in TWLO Stock
The EMA analysis shows that the price took support from the 200 EMA and managed to close above 50 EMA on Friday’s session indicating the buyer’s presence at the lower levels.
The technical indicators including RSI and MACD opinion rating for the stock is an 80% buy with a strengthening short-term outlook on maintaining the current trend.
Conclusion
Twillo is a communication software company that introduced CustomerAI, a new feature that makes AI more accessible and data-driven. Twillo Stock price rose 11% after the news and formed a bullish flag pattern on the daily chart. The company also reported positive quarterly results, but they did not affect the price much. Analysts have a wide range of price forecasts for Twillo, from $50 to $110. The stock closed at $65.42 on Friday and may remain volatile until it breaks out of the channel pattern.
Technical Levels
- Support levels: $56.31 and $50.16.
- Resistance levels: $70.43 and $77.44.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
