META PLATFORMS INC.
META PLATFORMS INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: META
ISIN:

META PLATFORMS INC. - Daily - Technical analysis published on 07/04/2020 (GMT)

  • Who voted?
  • 200
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 223.23 USD
My targets
242.24 USD (+2.77%)
My analysis
The bullish trend is currently very strong on FACEBOOK INC.. As long as the price remains above the support at 223.23 USD, you could try to benefit from the boom. The first bullish objective is located at 242.24 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

FACEBOOK INC. rating 235.70 USD. The price registered a decrease of -0.78% on the session and was traded between 233.69 USD and 240.00 USD over the period. The price is currently at +0.86% from its lowest and -1.79% from its highest.

233.69
240.00
235.70

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


A technical analysis in Daily of this FACEBOOK INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily



In fact, 13 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 201.99 223.23 234.91 235.70 242.24
Change (%) -14.30% -5.29% -0.34% - +2.77%
Change -33.71 -12.47 -0.79 - +6.54
Level Minor Major Intermediate - Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard218.97223.26230.41234.70241.85246.14253.29
Camarilla234.40235.45236.50237.55238.60239.65240.70
Woodie220.39223.98231.83235.42243.27246.86254.71
Fibonacci223.26227.63230.33234.70239.07241.77246.14


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard176.14195.77205.93225.56235.71255.34265.50
Camarilla207.89210.62213.35216.08218.81221.54224.27
Woodie171.40193.40201.19223.19230.97252.97260.76
Fibonacci195.77207.15214.18225.56236.93243.96255.34


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard169.65188.38207.73226.46245.80264.53283.88
Camarilla216.60220.09223.58227.07230.56234.05237.54
Woodie169.96188.53208.03226.61246.11264.68284.18
Fibonacci188.38202.93211.91226.46241.00249.99264.53

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): 55.42
MACD (12,26,9): 2.7800
Directional Movement: 1.98
AROON (14): -28.57
DEMA (21): 235.57
Parabolic SAR (0,02-0,02-0,2): 240.27
Elder Ray (13): 5.06
Super Trend (3,10): 239.57
Zig ZAG (10): 235.70
VORTEX (21): 1.0100
Stochastique (14,3,5): 69.15
TEMA (21): 231.64
Williams %R (14): -24.92
Chande Momentum Oscillator (20): 0.05
Repulse (5,40,3): 3.5800
ROCnROLL: 1
TRIX (15,9): 0.2600
Courbe Coppock: 0.61
MA7: 229.53
MA20: 232.86
MA50: 221.08
MA100: 199.55
MAexp7: 231.87
MAexp20: 230.76
MAexp50: 220.56
MAexp100: 210.06
Price / MA7: +2.69%
Price / MA20: +1.22%
Price / MA50: +6.61%
Price / MA100: +18.12%
Price / MAexp7: +1.65%
Price / MAexp20: +2.14%
Price / MAexp50: +6.86%
Price / MAexp100: +12.21%

Quotes : 2020-07-02 17:00:02 - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

no pic

Comments

0 comments on the analysis META PLATFORMS INC. - Daily