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META PLATFORMS INC.
META PLATFORMS INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: META
ISIN:

META PLATFORMS INC. - 1H - Technical analysis published on 04/06/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
17%
72%
11%
My opinion
Bearish under 231.12 USD
My targets
217.50 USD (-2.33%)
213.16 USD (-4.28%)
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 231.12 USD. The next bearish objective for sellers is set at 217.50 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 213.16 USD. In case of crossing, the next objective would be the support located at 202.01 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 217.50 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
2.1

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The META PLATFORMS INC. rating is 222.70 USD. The price is lower by -3.94% since the last closing with the lowest point at 222.26 USD and the highest point at 228.99 USD. The deviation from the price is +0.20% for the low point and -2.75% for the high point.

222.26
228.99
222.70

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Abnormal volumes on META PLATFORMS INC. were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 1H of this META PLATFORMS INC. chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 202.01 213.16 217.50 222.70 231.12 236.86 245.64
Change (%) -9.29% -4.28% -2.33% - +3.78% +6.36% +10.30%
Change -20.69 -9.54 -5.20 - +8.42 +14.16 +22.94
Level Minor Minor Major - Intermediate Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard223.78227.40229.62233.24235.46239.08241.30
Camarilla230.23230.77231.31231.84232.38232.91233.45
Woodie223.08227.05228.92232.89234.76238.73240.60
Fibonacci227.40229.63231.01233.24235.47236.85239.08


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard207.60213.57219.21225.18230.82236.79242.43
Camarilla221.66222.72223.79224.85225.91226.98228.04
Woodie207.44213.49219.05225.10230.66236.71242.27
Fibonacci213.57218.01220.75225.18229.62232.36236.79


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard149.74167.78195.07213.11240.40258.44285.73
Camarilla209.89214.05218.21222.36226.52230.67234.83
Woodie154.37170.09199.70215.42245.03260.75290.36
Fibonacci167.78185.10195.79213.11230.43241.12258.44

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): 33.29
MACD (12,26,9): -0.5300
Directional Movement: -15.09
AROON (14): -57.14
DEMA (21): 228.69
Parabolic SAR (0,02-0,02-0,2): 234.62
Elder Ray (13): -4.71
Super Trend (3,10): 231.59
Zig ZAG (10): 222.52
VORTEX (21): 0.9900
Stochastique (14,3,5): 7.99
TEMA (21): 226.70
Williams %R (14): -97.98
Chande Momentum Oscillator (20): -11.17
Repulse (5,40,3): -1.4300
ROCnROLL: 2
TRIX (15,9): 0.0600
Courbe Coppock: 3.33
MA7: 227.64
MA20: 214.47
MA50: 224.50
MA100: 277.58
MAexp7: 226.50
MAexp20: 228.68
MAexp50: 226.70
MAexp100: 221.47
Price / MA7: -2.17%
Price / MA20: +3.84%
Price / MA50: -0.80%
Price / MA100: -19.77%
Price / MAexp7: -1.68%
Price / MAexp20: -2.62%
Price / MAexp50: -1.76%
Price / MAexp100: +0.56%

Quotes : - 15 min delayed data - NASDAQ Stocks

News


The last news published on META PLATFORMS INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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