META PLATFORMS INC-CLASS A (META) Stock Technical Analysis
NASDAQ:META - Nasdaq - US30303M1027 - Common Stock - Currency: USD
Overall META gets a technical rating of 10 out of 10. Both in the recent history as in the last year, META has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that META is one of the better performing stocks in the market, outperforming 83% of all stocks.
META is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 84% of 71 stocks in the same industry.
META is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
META has an average volume of 18651600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
META is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so META is lagging the market slightly.
META has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 637.09, a Stop Loss order could be placed below this zone.
More info and screens
509.62
665.96
When analyzing the support we can see 3 important areas.
- A support zone ranging from 630.39 to 637.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 595.68 to 598.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @514.77 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @640.35 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 654.29 to 659.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.91
Mansfield0.73
10 Day High662.67
10 Day Low586.67
20 Day High662.67
20 Day Low516.52
52 Week High740.91
52 Week Low442.65
Performance
1 Week-2.89%
2 Weeks8.48%
1 Month27.35%
3 Month-6.8%
6 Month13.94%
12 Month33.22%
2 Year140.67%
3 Year229.01%
5 Year183.04%
10 Year704.52%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)6.14
RSI(14)62.37
LBB562.54
UBB674.55
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 640.36 | 630.38 | 9.98 (1.56%) | 25.00% |
| An entry @640.36. This is a Buy Stop order right above the resistance zone. | An exit @630.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.98 points, which is 1.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.39%. |
- The distance between exit and entry is rather small compared to the average daily movement of META. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
637.1
-3.33 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-0.52%
1 Week-2.89%
2 Weeks8.48%
1 Month27.35%
3 Month-6.8%
6 Month13.94%
12 Month33.22%
2 Year140.67%
3 Year229.01%
5 Year183.04%
10 Year704.52%
15 YearN/A
Volatility
ATR(14)20.71
ATR(20)%3.24%
ATR Inc-46.17%
Range Today7.09
ADR(20)15.97
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.91
Mansfield0.73
10 Day High662.67
10 Day Low586.67
20 Day High662.67
20 Day Low516.52
52 Week High740.91
52 Week Low442.65
CS1 End637.09
CR1 Start640.35
Volume & EV
DER(3)1.64%
DER(5)0.67%
Volume6.74M
Volume Incr-29.06%
Vol(5)12.31M
Vol(50)18.65M