Facebook, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Facebook, Inc. stock downgraded to Sell Candidate
(Updated on May 17, 2024)
The Facebook, Inc. stock price fell by -0.767% on the last day (Friday, 17th May 2024) from 436.80€ to 433.45€. During the last trading day the stock fluctuated 1.07% from a day low at 431.65€ to a day high of 436.25€. The price has risen in 7 of the last 10 days and is up by 3.47% over the past 2 weeks. Volume has increased on the last day by 4 thousand 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, 18 thousand shares were bought and sold for approximately 7.69€ million.
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 -4.06% during the next 3 months and, with a 90% probability hold a price between 380.51€ and 458.38€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FB2A.DE Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Facebook, 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 436.06€ and 449.39€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -1.70%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Facebook, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at 409.40€ and 402.15€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Facebook, Inc. finds support just below today's level at 409.40€. If this is broken, then the next support from accumulated volume will be at 402.15€ and 401.60€.
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 4.60€ between high and low, or 1.07%. For the last week, the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FB2A.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Facebook, Inc. to open at 433.78€, and during the day (based on 14 day Average True Range), to move between 421.47€ and 445.43€, which gives a possible trading interval of +/-11.98€ (+/-2.76%) up or down from last closing price. If Facebook, Inc. takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 434.65€ (0.28%) than the support at 409.40€ (5.55%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Facebook, Inc. stock A Buy?
Facebook, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.813 Sell Candidate Downgraded
Predicted Opening Price for Facebook, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 433.78€ ( 0.0769%) | 433.45€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FB2A.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 438.38 | 1.14 % | |
| R2 | 436.63 | 0.733 % | ||
| R1 | 435.54 | 0.482 % | ||
| Current price: | 433.45 | |||
| Support | S1 | 432.03 | -0.328 % | |
| S2 | 430.94 | -0.579 % | ||
| S3 | 429.18 | -0.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 472.20 | 8.94 % | |
| R2 | 445.70 | 2.83 % | ||
| R1 | 434.65 | 0.277 % | ||
| Current price | 433.45 | |||
| Support | S1 | 409.40 | -5.55% | |
| S2 | 402.15 | -7.22% | ||
| S3 | 401.60 | -7.35% |
FB2A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Feb 21, 2024 | Mar 26, 2024 | 0.460€ | 0.100% |
FAQ
Click here for our free guide on how to buy Facebook, Inc. Stock.
