META PLATFORMS INC. - 1H - Technical analysis published on 06/25/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
22%
33%
44%
My opinion
Bearish under 238.67 USD
My targets
233.00 USD (-1.32%)
228.70 USD (-3.14%)
My analysis
The strong short-term decline in FACEBOOK INC. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 238.67 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 233.00 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 228.70 USD as an objective. Crossing it would then enable sellers to target 223.23 USD. Be careful, a return to above 238.67 USD could jeopardize the reversal.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FACEBOOK INC. rating is 236.11 USD. The price has increased by +0.89% since the last closing with the lowest point at 232.74 USD and the highest point at 236.81 USD. The deviation from the price is +1.45% for the low point and -0.30% for the high point.232.74
236.81
236.11
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FACEBOOK INC. in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 228.70 | 233.00 | 235.42 | 236.11 | 238.67 | 240.86 | 245.18 |
| Change (%) | -3.14% | -1.32% | -0.29% | - | +1.08% | +2.01% | +3.84% |
| Change | -7.41 | -3.11 | -0.69 | - | +2.56 | +4.75 | +9.07 |
| Level | Minor | Intermediate | Minor | - | Major | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 219.52 | 226.10 | 230.06 | 236.64 | 240.60 | 247.18 | 251.14 |
| Camarilla | 231.12 | 232.09 | 233.05 | 234.02 | 234.99 | 235.95 | 236.92 |
| Woodie | 218.21 | 225.45 | 228.75 | 235.99 | 239.29 | 246.53 | 249.83 |
| Fibonacci | 226.10 | 230.13 | 232.61 | 236.64 | 240.67 | 243.15 | 247.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 212.75 | 218.78 | 228.78 | 234.81 | 244.81 | 250.84 | 260.84 |
| Camarilla | 234.38 | 235.85 | 237.32 | 238.79 | 240.26 | 241.73 | 243.20 |
| Woodie | 214.75 | 219.77 | 230.78 | 235.80 | 246.81 | 251.83 | 262.84 |
| Fibonacci | 218.78 | 224.90 | 228.68 | 234.81 | 240.93 | 244.71 | 250.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 160.12 | 179.44 | 202.26 | 221.58 | 244.41 | 263.73 | 286.55 |
| Camarilla | 213.50 | 217.36 | 221.23 | 225.09 | 228.95 | 232.82 | 236.68 |
| Woodie | 161.87 | 180.32 | 204.02 | 222.46 | 246.16 | 264.60 | 288.31 |
| Fibonacci | 179.44 | 195.54 | 205.48 | 221.58 | 237.68 | 247.63 | 263.73 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.03 | |
| MACD (12,26,9): | -0.9100 | |
| Directional Movement: | -5.13 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 236.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 242.14 | |
| Elder Ray (13): | -1.21 | |
| Super Trend (3,10): | 241.71 | |
| Zig ZAG (10): | 236.05 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 22.54 | |
| TEMA (21): | 234.64 | |
| Williams %R (14): | -83.77 | |
| Chande Momentum Oscillator (20): | -9.53 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 5.82 |
| MA7: | 237.31 | |
| MA20: | 233.33 | |
| MA50: | 216.08 | |
| MA100: | 198.75 | |
| MAexp7: | 235.52 | |
| MAexp20: | 237.07 | |
| MAexp50: | 236.61 | |
| MAexp100: | 234.36 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | +1.19% | |
| Price / MA50: | +9.27% | |
| Price / MA100: | +18.80% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | +0.75% |
Quotes :
2020-06-25 15:57:20
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on FACEBOOK INC. at the time of the analysis were as follows:
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AFL-CIO president demands apology from Facebook's Zuckerberg over this
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Facebook taking down Trump ads ‘exposed just how biased they are’: GOP Rep
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Facebook Shuts Down Idea Of Paying For News Link On Platforms
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New York Teen Rewarded For Good Deed Thanks To Viral Facebook Post | NBC Nightly News
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Facebook Experimenting With Face ID For Messenger
This member declared not having a position on this financial instrument or a related financial instrument.
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