We assign a technical rating of 1 out of 10 to META. META has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of META is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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532.61
2 important support areas can be observed.
- A support zone ranging from 589.14 to 594.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @537.99 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 647.96 to 647.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 730.97 to 738.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @776.37 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for META is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for META is neutral. |
| ChartMill Relative Strength | 46.58 | NEUTRAL | META is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of META is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of META is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of META is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.69 | NEUTRAL | The RSI value for META is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.71 | POSITIVE | The MACD value suggests META has a positive trend. |
| Stochastics (14,3) | 96.68 | OVERBOUGHT | The high Stochastics value suggests META may be overbought. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for META suggests some volalility. |
| Average Directional Index/ADX (14) | 35.73 | POSITIVE | The high ADX value value for META suggests a strong trend. |
647.95
+14.34 (+2.26%)
META PLATFORMS INC-CLASS A / META FAQ
What is the technical rating for META stock?
ChartMill assigns a technical rating of 1 / 10 to META.
What is the current trend direction of META PLATFORMS INC-CLASS A (META) stock?
The current trend direction for META PLATFORMS INC-CLASS A (META) is Bearish.
What is the RSI signal for META stock?
META PLATFORMS INC-CLASS A (META) has an RSI value of 51.6905. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for META PLATFORMS INC-CLASS A?
META PLATFORMS INC-CLASS A (META) has a support level at 594.24 and a resistance level at 647.96. Check the full technical report for our detailed analysis of META support and resistance levels.