Facebook, Inc. Stock Forecast
Green day on Tuesday for Facebook, Inc.
(Updated on May 07, 2024)
The Facebook, Inc. stock price gained 1.89% on the last trading day (Tuesday, 7th May 2024), rising from 426.60€ to 434.65€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.68% from a day low at 428.45€ to a day high of 435.65€. The price has risen in 7 of the last 10 days but is still down by -3.37% for this period. Volume fell on the last day by -6 thousand shares and in total, 13 thousand shares were bought and sold for approximately 5.58€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Facebook, Inc. stock with a 90% probability to be traded between 400.69€ and 484.53€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FB2A.F Signals & Forecast
There are mixed signals in the stock today. The Facebook, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 454.79€. On a fall, the stock will find some support from the short-term average at 415.78€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 8.23%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched 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 may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 7.20€ between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FB2A.F) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Facebook, Inc. to open at 432.92€, and during the day (based on 14 day Average True Range), to move between 419.38€ and 449.92€, which gives a possible trading interval of +/-15.27€ (+/-3.51%) up or down from last closing price. If Facebook, Inc. takes out the full calculated possible swing range there will be an estimated 7.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 435.10€ (0.10%) than the support at 409.40€ (5.81%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.405 Sell Candidate Unchanged
Predicted Opening Price for Facebook, Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| 432.92€ ( 0.399%) | 434.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FB2A.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 440.12 | 1.26 % | |
| R2 | 437.37 | 0.625 % | ||
| R1 | 435.67 | 0.234 % | ||
| Current price: | 434.65 | |||
| Support | S1 | 430.17 | -1.03 % | |
| S2 | 428.47 | -1.42 % | ||
| S3 | 425.72 | -2.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 472.20 | 8.64 % | |
| R2 | 445.70 | 2.54 % | ||
| R1 | 435.10 | 0.104 % | ||
| Current price | 434.65 | |||
| Support | S1 | 409.40 | -5.81% | |
| S2 | 402.15 | -7.48% | ||
| S3 | 401.60 | -7.60% |
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
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