META PLATFORMS INC-CLASS A (META) Stock Technical Analysis
USA - NASDAQ:META - US30303M1027 - Common Stock
743.75 USD
-5.16 (-0.69%)
743.49 USD
-0.26 (-0.03%)
Taking everything into account, META scores 6 out of 10 in our technical rating. 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 77% of all stocks.
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 11609100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
META is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, META did better than 63% of them.
In the last month META has a been trading in the 721.73 - 790.80 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 average technical rating and the quality of the presented setup is also not ideal 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
522.44
797.91
When analyzing the support we can see 5 important areas.
- A support zone ranging from 736.67 to 738.69. 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 @527.72 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 751.05 to 790.01. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 77.08 | POSITIVE | META has a high relative strength, it outperformed 77.08% 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 | MIXED | The current price of META is below 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) | 43.74 | NEUTRAL | The RSI value for META is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.62 | NEGATIVE | The MACD value suggests META has a negative trend. |
| Stochastics (14,3) | 19.61 | OVERSOLD | The low Stochastics value suggests META may be oversold. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for META suggests some volalility. |
| Average Directional Index/ADX (14) | 13.35 | 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)
743.75
-5.16 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-0.69%
1 Week-4.45%
2 Weeks-1.57%
1 Month-0.98%
3 Month1.38%
6 Month28.96%
12 Month31.09%
2 Year147.74%
3 Year448.17%
5 Year183.98%
10 Year727.31%
15 YearN/A
Volatility
ATR(14)16
ATR(20)%2.11%
ATR Inc-2.7%
Range Today14.58
ADR(20)14.69
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.08
Mansfield0.4
10 Day High790.8
10 Day Low737.35
20 Day High790.8
20 Day Low721.73
52 Week High796.25
52 Week Low479.8
CS1 End738.69
CR1 Start751.05
Volume & EV
DER(3)-0.6%
DER(5)-0.96%
Volume9.70M
Volume Incr-0.2%
Vol(5)10.34M
Vol(50)11.61M