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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 07/21/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 223.23 USD
My targets
264.53 USD (+7.79%)
283.88 USD (+15.67%)
My analysis
FACEBOOK INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 223.23 USD. The next resistance located at 264.53 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 283.88 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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.

ALBAYANTRADERS
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15 min. 1H Weekly

Additional analysis

Quotes

The FACEBOOK INC. rating is 245.42 USD. The price has increased by +1.40% since the last closing and was traded between 235.63 USD and 246.05 USD over the period. The price is currently at +4.15% from its lowest and -0.26% from its highest.

235.63
246.05
245.42

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

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



Technical


A technical analysis in Daily of this FACEBOOK INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily


Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 193.29 201.99 223.23 245.42
Change (%) -21.24% -17.70% -9.04% -
Change -52.13 -43.43 -22.19 -
Level Minor Minor Major -



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
Standard232.24235.05238.54241.35244.84247.65251.14
Camarilla240.30240.88241.45242.03242.61243.19243.76
Woodie232.58235.22238.88241.52245.18247.82251.48
Fibonacci235.05237.46238.94241.35243.76245.24247.65


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard214.54223.28232.66241.40250.78259.52268.90
Camarilla237.05238.71240.37242.03243.69245.35247.01
Woodie214.85223.44232.97241.56251.09259.68269.21
Fibonacci223.28230.21234.48241.40248.33252.60259.52


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 60.53
MACD (12,26,9): 4.0700
Directional Movement: 4.46
AROON (14): 64.29
DEMA (21): 243.84
Parabolic SAR (0,02-0,02-0,2): 223.46
Elder Ray (13): 0.66
Super Trend (3,10): 218.28
Zig ZAG (10): 245.42
VORTEX (21): 1.0000
Stochastique (14,3,5): 81.59
TEMA (21): 242.69
Williams %R (14): -14.93
Chande Momentum Oscillator (20): 7.87
Repulse (5,40,3): 5.3000
ROCnROLL: 1
TRIX (15,9): 0.2400
Courbe Coppock: 10.17
MA7: 241.78
MA20: 237.38
MA50: 230.69
MA100: 203.14
MAexp7: 241.93
MAexp20: 238.24
MAexp50: 228.14
MAexp100: 216.38
Price / MA7: +1.51%
Price / MA20: +3.39%
Price / MA50: +6.39%
Price / MA100: +20.81%
Price / MAexp7: +1.44%
Price / MAexp20: +3.01%
Price / MAexp50: +7.57%
Price / MAexp100: +13.42%

Quotes : 2020-07-20 19:59:59 - 15 min delayed data - NASDAQ Stocks

News


Don"t forget to follow the news on FACEBOOK INC.. At the time of publication of this analysis, the latest news was as follows:

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

About author

Londinia
Londinia AI

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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…

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