META Stock Forecast
Stronger technical forecast for META stock price after Friday trading.
(Updated on May 24, 2024)
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 -7.51% during the next 3 months and, with a 90% probability hold a price between $387.04 and $466.69 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.
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META Signals & Forecast
The META stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $470.06 and $476.85. 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, May 15, 2024, and so far it has fallen -0.689%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for META stock
On the downside, the stock finds support just below today's level from accumulated volume at $443.29 and $441.38. 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 $443.29. If this is broken, then the next support from accumulated volume will be at $441.38 and $432.62.
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 $13.55 between high and low, or 2.91%. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: $459.82 (-3.85%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (META) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Meta Platforms, Inc. (Formerly Facebook / FB) to open at $474.79, and during the day (based on 14 day Average True Range), to move between $465.29 and $491.15, which gives a possible trading interval of +/-$12.93 (+/-2.70%) 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 5.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $484.10 (1.23%) than the support at $443.29 (7.30%), 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 Sell to a Buy candidate.
Current score: 1.609 Buy Candidate Upgraded
Predicted Opening Price for Meta Platforms, Inc. (Formerly Facebook / FB) of Tuesday, May 28, 2024
Fair opening price May 28, 2024 | Current price |
---|---|
$474.79 ( 0.717%) | $478.22 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 488.34 | 2.12 % | |
R2 | 483.16 | 1.03 % | ||
R1 | 479.97 | 0.365 % | ||
Current price: | 478.22 | |||
Support | S1 | 469.61 | -1.80 % | |
S2 | 466.42 | -2.47 % | ||
S3 | 461.24 | -3.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 510.92 | 6.84 % | |
R2 | 493.50 | 3.20 % | ||
R1 | 484.10 | 1.23 % | ||
Current price | 478.22 | |||
Support | S1 | 443.29 | -7.30% | |
S2 | 441.38 | -7.70% | ||
S3 | 432.62 | -9.54% |
META Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 01, 2024 | Feb 21, 2024 | Mar 26, 2024 | $0.500 | 0.101% |
FAQ
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