Facebook (FB) has had a rough start to the trading week as shares have dropped from $185 down to $168 in what seems like the blink of an eye. With the drop, we wanted to see how Facebook (FB) and other FANG+ names look in our popular Trend Analyzer tool (available to Premium and Institutional subscribers).
To do this, we’ve simply set up a custom portfolio of the four FANG names (FB, AMZN, NFLX, GOOGL) plus a few more momentum names that trade similarly.
The first snapshot below shows the FANG+ names in our Trend Analyzer sorted alphabetically. The second snapshot is sorted from most oversold to most overbought.
As you can see, Facebook (FB) has experienced a dramatic drop of 7.55% over the last week to put it into extreme oversold territory. The only other name in the screen that’s oversold is Tesla (TSLA).
The one stock that stands out to the upside is Alibaba (BABA). Given that it’s a Chinese-based Tech behemoth, there doesn’t seem to be much concern over privacy issues (like we’ve seen with some of the big FANG names this week). Over the last week, BABA is up 5.59%, which has left it in overbought territory as of the close today.
Along with BABA, the four other overbought stocks in this group are Netflix (NFLX), NVIDIA (NVDA), Priceline Group (BKNG), and Amazon (AMZN).
FANG+ sorted by most oversold to most overbought: