14-day Premium Trial Subscription Try For FreeGet 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-4
Stock Analysis
Risk Assessment
Trading Strategy

Meta stock price down 0.712% on Friday
(Updated on Dec 01, 2023)

Buy or Hold candidate since Nov 07, 2023 Gain 1.88% PDF
The Meta stock price fell by -0.712% on the last day (Friday, 1st Dec 2023) from $327.15 to $324.82. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.90% from a day low at $320.76 to a day high of $326.86. The price has fallen in 6 of the last 10 days and is down by -2.8% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 million shares and in total, 14 million shares were bought and sold for approximately $4.58 billion.

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

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.67% during the next 3 months and, with a 90% probability hold a price between $338.42 and $389.73 at the end of this 3-month period.

META Signals & Forecast

The Meta stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $333.94. On a fall, the stock will find some support from the long-term average at approximately $321.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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, November 22, 2023, and so far it has fallen -4.88%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Get your hands on a piece of history – invest in multi-million dollar paintings from $10k with Masterworks.

Support, Risk & Stop-loss for Meta stock

On the downside, the stock finds support just below today's level from accumulated volume at $298.67 and $297.74. 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, Meta finds support just below today's level at $298.67. If this is broken, then the next support from accumulated volume will be at $297.74 and $288.35.

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 $6.10 between high and low, or 1.90%. For the last week, the stock has had daily average volatility of 2.32%.

Our recommended stop-loss: $307.13 (-5.45%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (META) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect Meta Platforms, Inc. to open at $324.15, and during the day (based on 14 day Average True Range), to move between $317.13 and $332.51, which gives a possible trading interval of +/-$7.69 (+/-2.37%) up or down from last closing price. If Meta Platforms, Inc. takes out the full calculated possible swing range there will be an estimated 4.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $327.15 (0.72%) than the support at $298.67 (8.05%), 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. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Meta stock to perform well in the short-term.

Current score: 2.416 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for Meta Platforms, Inc. of Monday, December 4, 2023

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

Fair opening price December 4, 2023 Current price
$324.15 $324.82 (Overvalued)

Remember To Visit Our YouTube Channel

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 330.25 1.67 %
R2 327.92 0.95 %
R1 326.48 0.510 %
Current price: 324.82
Support S1 321.82 -0.92 %
S2 320.38 -1.37 %
S3 318.05 -2.09 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 334.19 2.88 %
R2 327.82 0.92 %
R1 327.15 0.717 %
Current price 324.82
Support S1 298.67 -8.05%
S2 297.74 -8.34%
S3 288.35 -11.23%
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, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Meta stock to perform well in the short-term.

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 2023-12-01, the price of an Meta (META) share was $324.82.

What is the 52-week high and low for Meta Stock?
The 52-week high for Meta Stock is $342.92 and the 52-week low is $112.46.

What is the market capitalization of Meta Stock?
As of the 2023-12-01, the market capitalization of Meta is 840.73B.

When is the next earnings date for Meta?
The upcoming earnings date for Meta is 2024-02-07 00:00:00.

Click to get the best stock tips daily for free!

About Meta Platforms, Inc.

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