META PLATFORMS INC. - Daily - Technical analysis published on 08/20/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
6%
83%
11%
My opinion
Bearish under 303.91 USD
My targets
268.53 USD (-5.20%)
246.48 USD (-12.98%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for META PLATFORMS INC. as long as the price remains well below 303.91 USD. The next bearish objective for sellers is set at 268.53 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 246.48 USD. In case of crossing, the next objective would be the support located at 217.50 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 268.53 USD. With this support, against the trend traders who want to buy META PLATFORMS INC. on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.9
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Additional analysis
Quotes
The META PLATFORMS INC. price is 283.25 USD. The price registered a decrease of -0.65% on the session and was between 274.38 USD and 285.69 USD. This implies that the price is at +3.23% from its lowest and at -0.85% from its highest.274.38
285.69
283.25
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of META PLATFORMS INC. indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 192.12 | 217.50 | 246.48 | 283.25 | 303.91 | 325.48 | 347.11 |
| Change (%) | -32.17% | -23.21% | -12.98% | - | +7.29% | +14.91% | +22.55% |
| Change | -91.13 | -65.75 | -36.77 | - | +20.66 | +42.23 | +63.86 |
| Level | Intermediate | Major | Major | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 265.21 | 269.80 | 276.52 | 281.11 | 287.83 | 292.42 | 299.14 |
| Camarilla | 280.14 | 281.18 | 282.21 | 283.25 | 284.29 | 285.32 | 286.36 |
| Woodie | 266.29 | 270.33 | 277.60 | 281.64 | 288.91 | 292.95 | 300.22 |
| Fibonacci | 269.80 | 274.12 | 276.79 | 281.11 | 285.43 | 288.10 | 292.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 236.49 | 255.44 | 269.34 | 288.29 | 302.19 | 321.14 | 335.04 |
| Camarilla | 274.22 | 277.23 | 280.24 | 283.25 | 286.26 | 289.27 | 292.28 |
| Woodie | 233.98 | 254.18 | 266.83 | 287.03 | 299.68 | 319.88 | 332.53 |
| Fibonacci | 255.44 | 267.99 | 275.74 | 288.29 | 300.84 | 308.59 | 321.14 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.05 | |
| MACD (12,26,9): | -1.5200 | |
| Directional Movement: | -19.10 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 301.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 318.83 | |
| Elder Ray (13): | -19.79 | |
| Super Trend (3,10): | 307.67 | |
| Zig ZAG (10): | 283.25 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 6.06 | |
| TEMA (21): | 293.61 | |
| Williams %R (14): | -82.17 | |
| Chande Momentum Oscillator (20): | -31.06 | |
| Repulse (5,40,3): | -2.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 9.02 |
| MA7: | 296.88 | |
| MA20: | 305.70 | |
| MA50: | 296.07 | |
| MA100: | 264.61 | |
| MAexp7: | 294.79 | |
| MAexp20: | 301.37 | |
| MAexp50: | 291.70 | |
| MAexp100: | 266.21 | |
| Price / MA7: | -4.59% | |
| Price / MA20: | -7.34% | |
| Price / MA50: | -4.33% | |
| Price / MA100: | +7.04% | |
| Price / MAexp7: | -3.91% | |
| Price / MAexp20: | -6.01% | |
| Price / MAexp50: | -2.90% | |
| Price / MAexp100: | +6.40% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on META PLATFORMS INC. at the time of the analysis were 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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