META PLATFORMS INC-CLASS A (META) Technical Analysis
NASDAQ:META • US30303M1027
Current stock price
674.72 USD
+5.88 (+0.88%)
At close:
668.465 USD
-6.25 (-0.93%)
Pre-Market:
META Technical Rating and Analysis
Taking everything into account, META scores 6 out of 10 in our technical rating. META has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- META is part of the Interactive Media & Services industry. There are 69 other stocks in this industry. META outperforms 79% of them.
- In the last month META has a been trading in the 520.26 - 691.52 range, which is quite wide. It is currently trading near the high of this range.
- META has an average volume of 14633600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, META turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- META is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so META is lagging the market.
META Weekly and Daily overview Charts
META Setup Rating and Analysis
META has an average technical rating and also the quality of the setup is only medium 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
META Support and Resistance Analysis
523.20
759.19
We found 2 important support areas.
- A support zone ranging from 660.67 to 674.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @528.48 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 682.13 to 685.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 713.13 to 716.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 733.51 to 738.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @751.67 from a horizontal line in the daily time frame.
META Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for META is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for META is up. |
| ChartMill Relative Strength | 62.91 | 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) | DOWN | NEGATIVE | The current price of META is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.52 | NEUTRAL | The RSI value for META is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 9.43 | POSITIVE | The MACD value suggests META has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.27 | OVERBOUGHT | The high Stochastics value suggests META may be overbought. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for META suggests some volalility. |
| Average Directional Index/ADX (14) | 24.74 | NEUTRAL | The ADX value for META suggests a possible start of a new trend. |
META Chart- and CandleStick Pattern Analysis
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)
META Example Setup
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 |
|---|---|---|---|
| 685.80 | 660.66 | 25.14 (3.67%) | 25.00% |
| An entry @685.80. This is a Buy Stop order right above the resistance zone. | An exit @660.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 25.14 points, which is 3.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.92%. |
- 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.
META Technicals: Chart, Performance Metrics, Trend & Indicators
674.72
+5.88 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0.88%
1 Week0.47%
2 Weeks10.17%
1 Month13.8%
3 Month2.42%
6 Month-8.62%
12 Month23.29%
2 Year56.85%
3 Year180.76%
5 Year107.56%
10 Year473.84%
15 YearN/A
Volatility
ATR(14)18.47
ATR(20)%3.11%
ATR Inc-56.73%
Range Today8.63
ADR(20)17.39
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.91
3 months CRS64.76
6 months CRS27.61
Mansfield-0.84
10 Day High691.52
10 Day Low623
20 Day High691.52
20 Day Low520.26
52 Week High796.25
52 Week Low520.26
CS1 End674.71
CR1 Start682.13
Volume & EV
DER(3)-1.32%
DER(5)0.43%
Volume9.22M
Volume Incr-38.81%
Vol(5)11.25M
Vol(50)14.63M
META PLATFORMS INC-CLASS A / META TA FAQ
What is the technical rating for META stock?
ChartMill assigns a technical rating of 6 / 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 PLATFORMS INC-CLASS A (META) stock?
META PLATFORMS INC-CLASS A (META) has an RSI value of 63.5156. This indicates that the stock is currently neutral.
Can you provide the MACD signal for META PLATFORMS INC-CLASS A?
The MACD indicator for META PLATFORMS INC-CLASS A (META) has a value of 9.43494, indicating a bullish trend.
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.