14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of META
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

META stock upgraded to Buy Candidate.
(Updated on Jun 14, 2024)

Buy or Hold candidate since Jun 05, 2024 Gain 1.84% PDF

The META stock price gained 0.0119% on the last trading day (Friday, 14th Jun 2024), rising from $504.10 to $504.16. During the last trading day the stock fluctuated 1.28% from a day low at $500.75 to a day high of $507.15. The price has risen in 6 of the last 10 days and is up by 8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $5.03 billion.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $508.88 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.46% during the next 3 months and, with a 90% probability hold a price between $399.48 and $486.20 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

META Signals & Forecast

The META stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $501.98 and $473.16. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.92%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for META stock

META finds support from accumulated volume at $484.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $6.40 between high and low, or 1.28%. For the last week, the stock has had daily average volatility of 1.70%.

Our recommended stop-loss: $484.80 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 32 days ago.)

Trading Expectations (META) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Meta Platforms, Inc. (Formerly Facebook / FB) to open at $504.02, and during the day (based on 14 day Average True Range), to move between $493.33 and $514.99, which gives a possible trading interval of +/-$10.83 (+/-2.15%) up or down from last closing price. If Meta Platforms, Inc. (Formerly Facebook / FB) takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $510.92 (1.34%) than the support at $484.10 (3.98%), 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 Meta Platforms, Inc. (Formerly Facebook / FB) stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.634 Buy Candidate Upgraded

Predicted Opening Price for Meta Platforms, Inc. (Formerly Facebook / FB) of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$504.02 ( 0.0278%) $504.16

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

Trading levels for META

Fibonacci Support & Resistance Levels

Level Price
R3 510.42 1.24%
R2 507.98 0.757%
R1 506.46 0.457%
Price 504.16
S1 501.58 -0.513%
S2 500.06 -0.81%
S3 497.62 -1.30%

Accumulated Volume Support & Resistance Levels

Level Price
R3 527.34 4.60%
R2 519.25 2.99%
R1 510.92 1.34%
Price 504.16
S1 484.10 -3.98%
S2 443.29 -12.07%
S3 441.38 -12.45%

META Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 30, 2024 Jun 14, 2024 Jun 26, 2024 $0.500 0.0992%
2 Feb 01, 2024 Feb 21, 2024 Mar 26, 2024 $0.500 0.101%

FAQ

What is the symbol for META Stock and on which exchange is it traded?
The symbol for META is META and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell META Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy META Stock?
META Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy META Stock.

What's the current price of META Stock?
As of the end of day on the Jun 14, 2024, the price of an META (META) share was $504.16.

What is the 52-week high and low for META Stock?
The 52-week high for META Stock is $531.49 and the 52-week low is $271.47.

What is the market capitalization of META Stock?
As of the Jun 14, 2024, the market capitalization of META is 1.279T.

When is the next earnings date for META?
The upcoming earnings date for META is Jul 24, 2024.
Click to get the best stock tips daily for free!

About Meta Platforms, Inc. (Formerly Facebook / FB)

META Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, video... META Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT