META PLATFORMS INC. - Daily - Technical analysis published on 02/13/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 233.07 USD
My targets
202.52 USD (-7.76%)
174.60 USD (-20.47%)
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 233.07 USD. The next support located at 202.52 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8
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This analysis was given by DipFarda. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
META PLATFORMS INC. rating 219.55 USD. On the day, this instrument lost -3.74% and was traded between 218.77 USD and 230.42 USD over the period. The price is currently at +0.36% from its lowest and -4.72% from its highest.218.77
230.42
219.55
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a 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 META PLATFORMS INC. in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
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 : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
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 | 146.01 | 174.60 | 217.50 | 219.55 | 246.48 | 303.91 | 323.38 |
| Change (%) | -33.50% | -20.47% | -0.93% | - | +12.27% | +38.42% | +47.29% |
| Change | -73.54 | -44.95 | -2.05 | - | +26.93 | +84.36 | +103.83 |
| Level | Major | Minor | Major | - | Minor | Major | Major |
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 | 203.76 | 211.26 | 215.41 | 222.91 | 227.06 | 234.56 | 238.71 |
| Camarilla | 216.35 | 217.41 | 218.48 | 219.55 | 220.62 | 221.69 | 222.75 |
| Woodie | 202.08 | 210.42 | 213.73 | 222.07 | 225.38 | 233.72 | 237.03 |
| Fibonacci | 211.26 | 215.71 | 218.46 | 222.91 | 227.36 | 230.11 | 234.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 188.88 | 202.52 | 211.03 | 224.67 | 233.18 | 246.82 | 255.33 |
| Camarilla | 213.46 | 215.49 | 217.52 | 219.55 | 221.58 | 223.61 | 225.64 |
| Woodie | 186.33 | 201.24 | 208.48 | 223.39 | 230.63 | 245.54 | 252.78 |
| Fibonacci | 202.52 | 210.98 | 216.21 | 224.67 | 233.13 | 238.36 | 246.82 |
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 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): | 25.73 | |
| MACD (12,26,9): | -27.1300 | |
| Directional Movement: | -33.72 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 239.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 295.52 | |
| Elder Ray (13): | -31.99 | |
| Super Trend (3,10): | 270.86 | |
| Zig ZAG (10): | 219.55 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 9.29 | |
| TEMA (21): | 221.99 | |
| Williams %R (14): | -96.96 | |
| Chande Momentum Oscillator (20): | -75.08 | |
| Repulse (5,40,3): | -6.5200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8700 | |
| Courbe Coppock: | 47.71 |
| MA7: | 228.51 | |
| MA20: | 282.20 | |
| MA50: | 311.95 | |
| MA100: | 322.93 | |
| MAexp7: | 237.68 | |
| MAexp20: | 271.83 | |
| MAexp50: | 301.10 | |
| MAexp100: | 316.47 | |
| Price / MA7: | -3.92% | |
| Price / MA20: | -22.20% | |
| Price / MA50: | -29.62% | |
| Price / MA100: | -32.01% | |
| Price / MAexp7: | -7.63% | |
| Price / MAexp20: | -19.23% | |
| Price / MAexp50: | -27.08% | |
| Price / MAexp100: | -30.63% |
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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