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The Meta Platforms, Inc. stock price gained 1.52% on the last trading day (Tuesday, 15th Feb 2022), rising from $217.70 to $221.00. During the day the stock fluctuated 2.83% from a day low at $215.06 to a day high of $221.15. The price has fallen in 7 of the last 10 days and is down by -30.72% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 42 million shares were bought and sold for approximately $9.37 billion.
On Feb 04, 2022 "China Renaissance Securities" gave "$415.00 - $280.00" rating for FB. The price target was changed from $237.09 to 0.3%.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $216.23 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the stock is expected to fall -22.69% during the next 3 months and, with a 90% probability hold a price between $167.17 and $239.51 at the end of this 3-month period.
A buy signal was issued from a pivot bottom point on Monday, February 14, 2022, and so far it has risen 1.52%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Meta Platforms, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $225.64 and $301.81. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Meta Platforms, Inc. finds support from accumulated volume at $220.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $6.09 between high and low, or 2.83%. For the last week, the stock has had a daily average volatility of 3.95%.
Meta Platforms, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Check full Meta Platforms, Inc. forecast and analysis here.