META PLATFORMS INC-CLASS A (META) Stock Technical Analysis
USA - NASDAQ:META - US30303M1027 - Common Stock
Overall META gets a technical rating of 4 out of 10. In the last year, META was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, META does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 736.67, a Stop Loss order could be placed below this zone.
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526.97
We found 3 important support areas.
- A support zone ranging from 723.01 to 736.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 701.41 to 705.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @532.29 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 776.37 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 | 77.33 | POSITIVE | META has a high relative strength, it outperformed 77.33% off all stocks 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) | UP | POSITIVE | The current price of META is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.45 | NEUTRAL | The RSI value for META is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.43 | POSITIVE | The MACD value suggests META has a positive trend. |
| Stochastics (14,3) | 86.68 | OVERBOUGHT | The high Stochastics value suggests META may be overbought. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for META suggests some volalility. |
| Average Directional Index/ADX (14) | 20.06 | NEUTRAL | The ADX value for META suggests a possible start of a new trend. |
738.36
+4.36 (+0.59%)
META PLATFORMS INC-CLASS A / META FAQ
What is the technical rating for META stock?
ChartMill assigns a technical rating of 4 / 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 Bullish.
What is the RSI signal for META stock?
META PLATFORMS INC-CLASS A (META) has an RSI value of 53.4469. 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 736.67 and a resistance level at 776.37. Check the full technical report for our detailed analysis of META support and resistance levels.