META PLATFORMS INC. - Daily - Technical analysis published on 08/12/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 268.53 USD
My targets
325.48 USD (+7.90%)
347.11 USD (+15.07%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on META PLATFORMS INC.. As long as you are above the support located at 268.53 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 325.48 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 347.11 USD as an objective. Crossing it would then enable buyers to target 382.18 USD. If the support 268.53 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.3
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Additional analysis
Quotes
The META PLATFORMS INC. price is 301.64 USD. On the day, this instrument lost -1.34% and was traded between 300.36 USD and 304.72 USD over the period. The price is currently at +0.43% from its lowest and -1.01% from its highest.300.36
304.72
301.64
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of META PLATFORMS INC. in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 169.54 | 217.50 | 246.48 | 301.64 | 303.91 | 325.48 | 347.11 |
| Change (%) | -43.79% | -27.89% | -18.29% | - | +0.75% | +7.90% | +15.07% |
| Change | -132.10 | -84.14 | -55.16 | - | +2.27 | +23.84 | +45.47 |
| Level | Minor | Major | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 295.40 | 297.88 | 299.76 | 302.24 | 304.12 | 306.60 | 308.48 |
| Camarilla | 300.44 | 300.84 | 301.24 | 301.64 | 302.04 | 302.44 | 302.84 |
| Woodie | 295.10 | 297.73 | 299.46 | 302.09 | 303.82 | 306.45 | 308.18 |
| Fibonacci | 297.88 | 299.55 | 300.57 | 302.24 | 303.91 | 304.93 | 306.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 277.84 | 289.10 | 295.37 | 306.63 | 312.90 | 324.16 | 330.43 |
| Camarilla | 296.82 | 298.43 | 300.03 | 301.64 | 303.25 | 304.85 | 306.46 |
| Woodie | 275.35 | 287.85 | 292.88 | 305.38 | 310.41 | 322.91 | 327.94 |
| Fibonacci | 289.10 | 295.80 | 299.93 | 306.63 | 313.33 | 317.46 | 324.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 252.22 | 268.53 | 293.57 | 309.88 | 334.92 | 351.23 | 376.27 |
| Camarilla | 307.23 | 311.02 | 314.81 | 318.60 | 322.39 | 326.18 | 329.97 |
| Woodie | 256.58 | 270.71 | 297.93 | 312.06 | 339.28 | 353.41 | 380.63 |
| Fibonacci | 268.53 | 284.33 | 294.09 | 309.88 | 325.68 | 335.44 | 351.23 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.25 | |
| MACD (12,26,9): | 4.3100 | |
| Directional Movement: | 0.36 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 314.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 326.20 | |
| Elder Ray (13): | -6.07 | |
| Super Trend (3,10): | 290.60 | |
| Zig ZAG (10): | 301.64 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 39.70 | |
| TEMA (21): | 309.89 | |
| Williams %R (14): | -71.52 | |
| Chande Momentum Oscillator (20): | 3.07 | |
| Repulse (5,40,3): | -3.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3200 | |
| Courbe Coppock: | 4.32 |
| MA7: | 309.39 | |
| MA20: | 308.93 | |
| MA50: | 293.68 | |
| MA100: | 260.06 | |
| MAexp7: | 307.94 | |
| MAexp20: | 306.86 | |
| MAexp50: | 291.27 | |
| MAexp100: | 263.36 | |
| Price / MA7: | -2.50% | |
| Price / MA20: | -2.36% | |
| Price / MA50: | +2.71% | |
| Price / MA100: | +15.99% | |
| Price / MAexp7: | -2.05% | |
| Price / MAexp20: | -1.70% | |
| Price / MAexp50: | +3.56% | |
| Price / MAexp100: | +14.54% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on META PLATFORMS INC. at the time of the generation of this analysis was as follows:
- META PLATFORMS, INC. F/K/A FACEBOOK, INC. (NASDAQ: FB) SHAREHOLDER CLASS ACTION DEADLINE- Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Facebook, Inc.
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Meta Platforms, Inc. f.k.a. Facebook, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 27, 2021 - FB
- ROSEN, A LEADING AND RANKED FIRM, Encourages Meta Platforms, Inc. f/k/a Facebook, Inc. Investors with Losses in Excess of $1MM to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm - FB
- Levi & Korsinsky, LLP, Researching Possible Securities Law Violations - Meta Platforms, Inc. f.k.a. Facebook, Inc. - FB
- INVESTOR ACTION REMINDER: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Meta Platforms, Inc. f/k/a Facebook, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
This member declared not having a position on this financial instrument or a related financial instrument.
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