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 11/17/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

17%

61%

22%

My opinion

Bearish under 595.94 USD

My targets

539.11 USD (-2.70%)

526.31 USD (-5.01%)

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 595.94 USD. The next bearish objective for sellers is set at 539.11 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 526.31 USD. In case of crossing, the next objective would be the support located at 483.20 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 539.11 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

1.8

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

Additional analysis

Quotes

The META PLATFORMS INC. price is 554.08 USD. On the day, this instrument lost -4.00% and was between 551.50 USD and 572.57 USD. This implies that the price is at +0.47% from its lowest and at -3.23% from its highest.

551.50

572.57

554.08

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

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

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

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of META PLATFORMS INC. indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	483.20	526.31	539.11	554.08	560.68	595.94
Change (%)	-12.79%	-5.01%	-2.70%	-	+1.19%	+7.55%
Change	-70.88	-27.77	-14.97	-	+6.60	+41.86
Level	Minor	Intermediate	Major	-	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	525.13	538.31	546.20	559.38	567.27	580.45	588.34
Camarilla	548.29	550.22	552.15	554.08	556.01	557.94	559.87
Woodie	522.48	536.99	543.55	558.06	564.62	579.13	585.69
Fibonacci	538.31	546.36	551.34	559.38	567.43	572.41	580.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	489.01	520.25	537.17	568.41	585.33	616.57	633.49
Camarilla	540.84	545.25	549.67	554.08	558.50	562.91	567.32
Woodie	481.84	516.67	530.00	564.83	578.16	612.99	626.32
Fibonacci	520.25	538.65	550.02	568.41	586.81	598.18	616.57

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	510.32	535.92	551.75	577.35	593.18	618.78	634.61
Camarilla	556.19	559.99	563.78	567.58	571.38	575.18	578.97
Woodie	505.44	533.48	546.87	574.91	588.30	616.34	629.73
Fibonacci	535.92	551.75	561.52	577.35	593.18	602.95	618.78

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):	39.69
MACD (12,26,9):	1.0500
Directional Movement:	-7.11
AROON (14):	-85.71
DEMA (21):	578.68
Parabolic SAR (0,02-0,02-0,2):	599.66
Elder Ray (13):	-13.81
Super Trend (3,10):	605.84
Zig ZAG (10):	554.08
VORTEX (21):	0.8500
Stochastique (14,3,5):	35.64
TEMA (21):	572.89
Williams %R (14):	-94.81
Chande Momentum Oscillator (20):	-37.72
Repulse (5,40,3):	-4.1800
ROCnROLL:	2
TRIX (15,9):	0.0800
Courbe Coppock:	0.15

MA7:	580.04
MA20:	576.27
MA50:	568.06
MA100:	536.30
MAexp7:	573.77
MAexp20:	575.84
MAexp50:	564.79
MAexp100:	541.46
Price / MA7:	-4.48%
Price / MA20:	-3.85%
Price / MA50:	-2.46%
Price / MA100:	+3.32%
Price / MAexp7:	-3.43%
Price / MAexp20:	-3.78%
Price / MAexp50:	-1.90%
Price / MAexp100:	+2.33%

Quotes : - 15 min delayed data - 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:

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

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