META PLATFORMS INC. - 1H - Technical analysis published on 02/08/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 230.11 USD
My targets
202.13 USD (-6.95%)
174.60 USD (-19.62%)
My analysis
META PLATFORMS INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 230.11 USD. The next support located at 202.13 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 174.60 USD. Below this support, sellers could then target 146.01 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Damien00121. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The META PLATFORMS INC. price is 217.22 USD. On the day, this instrument lost -3.42% and was traded between 216.65 USD and 225.77 USD over the period. The price is currently at +0.26% from its lowest and -3.79% from its highest.216.65
225.77
217.22
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
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 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on META PLATFORMS INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of META PLATFORMS INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
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 | 123.92 | 146.01 | 174.60 | 217.22 | 217.50 | 230.11 | 246.48 |
| Change (%) | -42.95% | -32.78% | -19.62% | - | +0.13% | +5.93% | +13.47% |
| Change | -93.30 | -71.21 | -42.62 | - | +0.28 | +12.89 | +29.26 |
| Level | Minor | Major | Minor | - | 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 | 205.56 | 214.78 | 219.85 | 229.07 | 234.14 | 243.36 | 248.43 |
| Camarilla | 220.98 | 222.29 | 223.60 | 224.91 | 226.22 | 227.53 | 228.84 |
| Woodie | 203.48 | 213.74 | 217.77 | 228.03 | 232.06 | 242.32 | 246.35 |
| Fibonacci | 214.78 | 220.24 | 223.62 | 229.07 | 234.53 | 237.91 | 243.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.24 | 167.18 | 202.13 | 265.07 | 300.02 | 362.96 | 397.91 |
| Camarilla | 210.17 | 219.14 | 228.12 | 237.09 | 246.06 | 255.04 | 264.01 |
| Woodie | 90.26 | 160.18 | 188.15 | 258.07 | 286.04 | 355.96 | 383.93 |
| Fibonacci | 167.18 | 204.57 | 227.67 | 265.07 | 302.46 | 325.56 | 362.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 233.07 | 261.04 | 287.15 | 315.12 | 341.23 | 369.20 | 395.31 |
| Camarilla | 298.39 | 303.35 | 308.30 | 313.26 | 318.22 | 323.18 | 328.13 |
| Woodie | 232.14 | 260.58 | 286.22 | 314.66 | 340.30 | 368.74 | 394.38 |
| Fibonacci | 261.04 | 281.70 | 294.46 | 315.12 | 335.78 | 348.54 | 369.20 |
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): | 18.85 | |
| MACD (12,26,9): | -13.4100 | |
| Directional Movement: | -36.76 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 213.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 227.18 | |
| Elder Ray (13): | -7.55 | |
| Super Trend (3,10): | 231.33 | |
| Zig ZAG (10): | 216.70 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 2.63 | |
| TEMA (21): | 213.56 | |
| Williams %R (14): | -97.83 | |
| Chande Momentum Oscillator (20): | -16.05 | |
| Repulse (5,40,3): | -2.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8700 | |
| Courbe Coppock: | 12.06 |
| MA7: | 267.49 | |
| MA20: | 297.77 | |
| MA50: | 317.76 | |
| MA100: | 326.88 | |
| MAexp7: | 221.66 | |
| MAexp20: | 232.56 | |
| MAexp50: | 257.47 | |
| MAexp100: | 279.30 | |
| Price / MA7: | -18.79% | |
| Price / MA20: | -27.05% | |
| Price / MA50: | -31.64% | |
| Price / MA100: | -33.55% | |
| Price / MAexp7: | -2.01% | |
| Price / MAexp20: | -6.60% | |
| Price / MAexp50: | -15.64% | |
| Price / MAexp100: | -22.23% |
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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