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Meta Platforms, Inc. Stock Forecast NASDAQ:FB

$306.84 (-1.14%)

Volume: 27M

Closed: Dec 03, 2021

Hollow Logo Score: -4.918

Meta Platforms, Inc. Stock Forecast

$306.84 (-1.14%)

Volume: 27M

Closed: Dec 03, 2021

Score Hollow Logo -4.918
Key Stats
P/E Ratio 21.73
Beta 1.3
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 28 and the stock is currently not being overbought or oversold

Meta Platforms, Inc. stock price down 1.14% on Friday
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The Meta Platforms, Inc. stock price fell by -1.14% on the last day (Friday, 3rd Dec 2021) from $310.39 to $306.84. and has now fallen 5 days in a row. During the day the stock fluctuated 4.76% from a day low at $299.50 to a day high of $313.75. The price has fallen in 7 of the last 10 days and is down by -9.4% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 27 million shares were bought and sold for approximately $8.30 billion.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.78% during the next 3 months and, with a 90% probability hold a price between $263.25 and $302.44 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are few to no technical positive signals at the moment. 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 $323.50 and $331.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 15, 2021, and so far it has fallen -11.72%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, February 09, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, February 09, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $14.25 between high and low, or 4.76%. For the last week, the stock has had a daily average volatility of 3.82%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Meta Platforms, Inc. stock A Buy?

Meta Platforms, Inc. holds several negative signals and is within a 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.

Current score: -4.918

Predicted Opening Price for Meta Platforms, Inc. of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$306.70 $306.84 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Dec 02, 2021 "UBS Group" gave "$416.00 - $425.00" rating for FB. The price target was changed from $309.39 to 0.4%.

Volatility and Risk
Daily Average Volatility: 3.82 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.82 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $315.81
Price: $306.84
No Support Found

FB Insider Trading Show all Trades

INSIDER POWER

0.534

Last 100 transactions
Buy: 222 252 | Sell: 416 480 (Shares)
Date Action Amount Person Type
Nov 30, 2021 Sell 250 Newstead Jennifer Class A Common Stock
Nov 23, 2021 Sell 250 Newstead Jennifer Class A Common Stock
Nov 22, 2021 Sell 8 934 Levine Marne L. Class A Common Stock
Nov 17, 2021 Sell 1 039 Wehner David M. Class A Common Stock
Nov 17, 2021 Sell 767 Wehner David M. Restricted Stock Units (RSU) (Class A)
Show all Insider Trades
INSIDER POWER

0.534

Last 100 transactions
Buy: 222 252 | Sell: 416 480 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 320.95 4.60 %
315.50 2.82 %
312.14 1.73 %
Current price: 306.84
Support 301.25 -1.82 %
297.89 -2.92 %
292.45 -4.69 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 343.21 11.85 %
316.92 3.29 %
315.81 2.92 %
Current price 306.84
Support 0 .
0 .
0 .

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About Meta Platforms, Inc.

Meta Platforms Meta Platforms, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging ... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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