META PLATFORMS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	META
ISIN:

META PLATFORMS INC. - Daily - Technical analysis published on 08/12/2023 (GMT)

Londinia

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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

2.3

Comment on the analysis

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 SnInvest. Take part yourself by sharing additional analysis on another time unit:

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:

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

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

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 : - 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.

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