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. - Daily - Technical analysis published on 07/07/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 526.82 USD

My targets

553.39 USD (+2.50%)

583.91 USD (+8.15%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on META PLATFORMS INC. as long as the price remains well above 526.82 USD. The buyers' bullish objective is set at 553.39 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 583.91 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

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

Additional analysis

Quotes

The META PLATFORMS INC. rating is 539.91 USD. The price has increased by +5.87% since the last closing and was traded between 511.60 USD and 540.87 USD over the period. The price is currently at +5.53% from its lowest and -0.18% from its highest.

511.60

540.87

539.91

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by META PLATFORMS INC.:

The Central Records scanner for higher/lower results shows the following items:

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 this Daily chart of META PLATFORMS INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	429.74	482.33	526.82	539.91
Change (%)	-20.41%	-10.66%	-2.42%	-
Change	-110.17	-57.58	-13.09	-
Level	Intermediate	Major	Major	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	491.45	501.52	520.72	530.79	549.99	560.06	579.26
Camarilla	531.86	534.54	537.23	539.91	542.59	545.28	547.96
Woodie	496.01	503.80	525.28	533.07	554.55	562.34	583.82
Fibonacci	501.52	512.70	519.61	530.79	541.97	548.88	560.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	460.73	476.95	508.43	524.65	556.13	572.35	603.83
Camarilla	526.79	531.17	535.54	539.91	544.28	548.66	553.03
Woodie	468.36	480.77	516.06	528.47	563.76	576.17	611.46
Fibonacci	476.95	495.17	506.43	524.65	542.87	554.13	572.35

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	418.61	443.19	473.71	498.29	528.81	553.39	583.91
Camarilla	489.07	494.12	499.17	504.22	509.27	514.32	519.37
Woodie	421.57	444.68	476.67	499.78	531.77	554.88	586.87
Fibonacci	443.19	464.24	477.25	498.29	519.34	532.35	553.39

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):	71.24
MACD (12,26,9):	9.5700
Directional Movement:	18.33
AROON (14):	64.29
DEMA (21):	517.19
Parabolic SAR (0,02-0,02-0,2):	493.17
Elder Ray (13):	15.96
Super Trend (3,10):	487.16
Zig ZAG (10):	539.91
VORTEX (21):	1.1100
Stochastique (14,3,5):	70.59
TEMA (21):	521.79
Williams %R (14):	-1.98
Chande Momentum Oscillator (20):	33.28
Repulse (5,40,3):	8.4700
ROCnROLL:	1
TRIX (15,9):	0.2500
Courbe Coppock:	5.49

MA7:	514.42
MA20:	506.20
MA50:	481.83
MA100:	488.10
MAexp7:	516.06
MAexp20:	505.10
MAexp50:	492.07
MAexp100:	471.85
Price / MA7:	+4.96%
Price / MA20:	+6.66%
Price / MA50:	+12.05%
Price / MA100:	+10.61%
Price / MAexp7:	+4.62%
Price / MAexp20:	+6.89%
Price / MAexp50:	+9.72%
Price / MAexp100:	+14.42%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on META PLATFORMS INC. at the time of the analysis were as follows:

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

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