META PLATFORMS INC. - Weekly - Technical analysis published on 02/03/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 417.66 USD
My targets
484.01 USD (+1.90%)
My analysis
META PLATFORMS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 417.66 USD. The next resistance located at 484.01 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
9.1
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This analysis was given by vickg. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
META PLATFORMS INC. rating 474.99 USD. Over 5 days, this instrument gained +20.51% and has been traded over the last 5 days between 387.10 USD and 485.96 USD. This implies that the 5 day price is +22.70% from its lowest point and -2.26% from its highest point.387.10
485.96
474.99
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of META PLATFORMS INC. in Weekly shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
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:
Resistance of channel is broken
Type : Bullish
Timeframe : Weekly
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Long white line
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 246.48 | 303.91 | 382.18 | 474.99 |
| Change (%) | -48.11% | -36.02% | -19.54% | - |
| Change | -228.51 | -171.08 | -92.81 | - |
| Level | Major | Minor | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 423.73 | 438.37 | 456.68 | 471.32 | 489.63 | 504.27 | 522.58 |
| Camarilla | 465.93 | 468.95 | 471.97 | 474.99 | 478.01 | 481.03 | 484.05 |
| Woodie | 425.57 | 439.29 | 458.52 | 472.24 | 491.47 | 505.19 | 524.42 |
| Fibonacci | 438.37 | 450.96 | 458.73 | 471.32 | 483.91 | 491.68 | 504.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 368.97 | 375.07 | 384.60 | 390.70 | 400.23 | 406.33 | 415.86 |
| Camarilla | 389.84 | 391.28 | 392.71 | 394.14 | 395.57 | 397.01 | 398.44 |
| Woodie | 370.70 | 375.93 | 386.33 | 391.56 | 401.96 | 407.19 | 417.59 |
| Fibonacci | 375.07 | 381.04 | 384.73 | 390.70 | 396.67 | 400.36 | 406.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 284.96 | 312.49 | 351.31 | 378.84 | 417.66 | 445.19 | 484.01 |
| Camarilla | 371.89 | 377.98 | 384.06 | 390.14 | 396.22 | 402.30 | 408.39 |
| Woodie | 290.62 | 315.31 | 356.97 | 381.66 | 423.32 | 448.01 | 489.67 |
| Fibonacci | 312.49 | 337.83 | 353.49 | 378.84 | 404.18 | 419.84 | 445.19 |
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): | 86.81 | |
| MACD (12,26,9): | 34.6200 | |
| Directional Movement: | 39.41 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 393.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 339.77 | |
| Elder Ray (13): | 67.05 | |
| Super Trend (3,10): | 355.76 | |
| Zig ZAG (10): | 474.99 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 97.02 | |
| TEMA (21): | 404.96 | |
| Williams %R (14): | -5.80 | |
| Chande Momentum Oscillator (20): | 146.22 | |
| Repulse (5,40,3): | 29.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.2100 | |
| Courbe Coppock: | 49.32 |
| MA7: | 406.90 | |
| MA20: | 384.20 | |
| MA50: | 357.01 | |
| MA100: | 334.61 | |
| MAexp7: | 394.42 | |
| MAexp20: | 351.01 | |
| MAexp50: | 300.31 | |
| MAexp100: | 267.58 | |
| Price / MA7: | +16.73% | |
| Price / MA20: | +23.63% | |
| Price / MA50: | +33.05% | |
| Price / MA100: | +41.95% | |
| Price / MAexp7: | +20.43% | |
| Price / MAexp20: | +35.32% | |
| Price / MAexp50: | +58.17% | |
| Price / MAexp100: | +77.51% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on META PLATFORMS INC.. At the time of publication of this analysis, the latest news 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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