Overall META gets a technical rating of 3 out of 10. In the past year, META was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is bad, META does present a nice setup opportunity. 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 a resistance zone just above the current price starting at 661.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 658.92, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 653.87 to 658.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 608.08 to 612.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 @543.70 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 661.47 to 673.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @709.29 from a trend line in the daily time frame.
- Resistance @738.09 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 | UP | POSITIVE | The short term trend for META is up. |
| ChartMill Relative Strength | 49.08 | NEUTRAL | META is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of META is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of META is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of META is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.25 | NEUTRAL | The RSI value for META is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.08 | POSITIVE | The MACD value suggests META has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.73 | NEUTRAL | The Stochastics value for META is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for META suggests some volalility. |
| Average Directional Index/ADX (14) | 34.7 | POSITIVE | The high ADX value value for META suggests a strong trend. |
660.09
-5.86 (-0.88%)
META PLATFORMS INC-CLASS A / META FAQ
What is the technical rating for META stock?
ChartMill assigns a technical rating of 3 / 10 to META.
What is the trend direction for 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 52.2514. This indicates that the stock is currently neutral.
What is the short term momentum for META PLATFORMS INC-CLASS A (META) stock?
The short term momentum for META PLATFORMS INC-CLASS A (META) is positive.
What is the buy/sell signal for META PLATFORMS INC-CLASS A (META) stock?
The buy/sell signal for META PLATFORMS INC-CLASS A (META) is hold as the short term and long term trends are mixed.