META PLATFORMS INC-CLASS A (META) Stock Technical Analysis
NASDAQ:META - US30303M1027 - Common Stock
752.45 USD
+3.8 (+0.51%)
749.75 USD
-2.7 (-0.36%)
Overall META gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that META is one of the better performing stocks in the market, outperforming 84% of all stocks. On top of that, META also shows a nice and consistent pattern of rising prices.
META is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 72% of 69 stocks in the same industry.
META is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so META is lagging the market slightly.
META has an average volume of 11679000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month META has a been trading in the 721.73 - 796.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
META has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
519.06
797.91
We found 6 important support areas.
- A support zone ranging from 725.73 to 747.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @695.20 from a horizontal line in the daily time frame.
- Support @682.35 from a horizontal line in the daily time frame.
- Support @585.25 from a horizontal line in the daily time frame.
- Support @554.66 from a trend line in the weekly time frame.
- Support @524.30 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 785.24 to 790.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for META is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for META is neutral. |
| ChartMill Relative Strength | 84.6 | POSITIVE | META has a high relative strength, it outperformed 84.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of META is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of META is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of META is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.48 | NEUTRAL | The RSI value for META is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.99 | NEGATIVE | The MACD value suggests META has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.83 | NEUTRAL | The Stochastics value for META is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for META suggests some volalility. |
| Average Directional Index/ADX (14) | 14.32 | NEGATIVE | The low ADX value for META suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
752.45
+3.8 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0.51%
1 Week0.18%
2 Weeks1.81%
1 Month-1.23%
3 Month7.85%
6 Month20.27%
12 Month50.41%
2 Year150.64%
3 Year454.58%
5 Year187.3%
10 Year736.99%
15 YearN/A
Volatility
ATR(14)15.68
ATR(20)%2.1%
ATR Inc21.55%
Range Today12.92
ADR(20)14.01
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.6
Mansfield0.86
10 Day High761.16
10 Day Low721.73
20 Day High796.25
20 Day Low721.73
52 Week High796.25
52 Week Low479.8
CS1 End747.26
CR1 Start785.24
Volume & EV
DER(3)0.2%
DER(5)0.29%
Volume9.66M
Volume Incr-12.34%
Vol(5)9.44M
Vol(50)11.68M