Below is the status of the most Active stocks on Twitter. Here’s a post that explains our Stock Status Categories. The next two charts show the intensity scores for the the most active stocks on Twitter for the week and month ending 6/11/2013.
Below are charts with the status of the 50 Most active stocks on Twitter and the intensity scores for the 25 most active stocks on a weekly and monthly basis.
Below are charts of the intensity scores for the most active stocks on Twitter over the past week and month. Here is the status of the fifty most active stocks on Twitter. We’re starting to see more consolidation warnings and more unclear charts.
Over the last three months we’ve seen nothing but chasing by traders in Apple (AAPL). Our Twitter sentiment indicator for AAPL has almost exactly mirrored the movements in the price of the stock. When this happens it is usually a result of the the majority of the Tweets simply referring to the movement in price rather than some “rational” reasons that the stock should move either up or down. In addition, we see a lot of tweets from traders stating that they’re buying or selling in the direction the stock is moving. Today was one of those days where AAPL started to sell off and sellers just piled on as the day went by. The intensity of tweets spiked as people talked about their selling and made other negative comments about the stock. This isn’t a good sign as it is continuing the pattern of the entire down trend where twitter intensity dries up when the stock rallies and spikes when the stock moves down. Short story, people are more
Below are the intensity scores for the 25 most active stocks on Twitter for the past week and month. Here is the status of the 50 most active stocks on Twitter. 70% have Twitter sentiment reading that confirm bullish chart patterns. Very few bearish stocks over the past week.
We’ve often stated that the best use of our Twitter sentiment indicator is to confirm the trend and warn of a pause (or consolidation) in the trend. It is not like other sentiment indicators who’s major use is to act as a contrary indicator. However, we’re starting to see a pattern in the sentiment of some of the most loved stocks that is somewhat contrary in nature. The pattern occurs in stocks that have too much love. These are stocks that every trader, investor, and fund has to own. These stocks have so much love and such a cult following that positive emotions rule the sentiment. We’ll start with a chart of Baidu (BIDU). Take a look at smoothed sentiment from early June 2012 until early November. Notice how it had a hard time of ever getting below zero even though the stock was clearly in a down trend and had been for over a year. Traders loved this stock. They saw every dip as a buying opportunity. Even the