META PLATFORMS INC. - Daily - Technical analysis published on 05/19/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 303.91 USD
My targets
329.51 USD (+5.73%)
My analysis
The basic bullish trend is very strong on FACEBOOK INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 303.91 USD. Crossing the first resistance at 329.51 USD would be a sign of a potential new surge in the price. Caution, a return to below 303.91 USD would be a sign of a consolidation phase in the short-term basic trend. 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.6
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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. price is 311.65 USD. On the day, this instrument gained +0.55% with the lowest point at 303.66 USD and the highest point at 312.07 USD. The deviation from the price is +2.63% for the low point and -0.13% for the high point.303.66
312.07
311.65
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FACEBOOK INC.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FACEBOOK INC. chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 10 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 282.05 | 296.52 | 303.91 | 311.65 | 313.09 | 329.51 |
| Change (%) | -9.50% | -4.85% | -2.48% | - | +0.46% | +5.73% |
| Change | -29.60 | -15.13 | -7.74 | - | +1.44 | +17.86 |
| Level | Intermediate | Major | Major | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 300.99 | 305.40 | 307.68 | 312.09 | 314.37 | 318.78 | 321.06 |
| Camarilla | 308.12 | 308.73 | 309.35 | 309.96 | 310.57 | 311.19 | 311.80 |
| Woodie | 299.93 | 304.87 | 306.62 | 311.56 | 313.31 | 318.25 | 320.00 |
| Fibonacci | 305.40 | 307.96 | 309.53 | 312.09 | 314.65 | 316.22 | 318.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 285.14 | 291.67 | 303.80 | 310.33 | 322.46 | 328.99 | 341.12 |
| Camarilla | 310.81 | 312.52 | 314.23 | 315.94 | 317.65 | 319.36 | 321.07 |
| Woodie | 287.95 | 293.07 | 306.61 | 311.73 | 325.27 | 330.39 | 343.93 |
| Fibonacci | 291.67 | 298.80 | 303.20 | 310.33 | 317.46 | 321.86 | 328.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 267.71 | 281.87 | 303.48 | 317.64 | 339.25 | 353.41 | 375.02 |
| Camarilla | 315.24 | 318.52 | 321.80 | 325.08 | 328.36 | 331.64 | 334.92 |
| Woodie | 271.43 | 283.73 | 307.20 | 319.50 | 342.97 | 355.27 | 378.74 |
| Fibonacci | 281.87 | 295.54 | 303.98 | 317.64 | 331.31 | 339.75 | 353.41 |
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): | 51.75 | |
| MACD (12,26,9): | 2.6300 | |
| Directional Movement: | -3.91 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 314.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 321.54 | |
| Elder Ray (13): | -3.71 | |
| Super Trend (3,10): | 325.84 | |
| Zig ZAG (10): | 310.31 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 41.14 | |
| TEMA (21): | 311.57 | |
| Williams %R (14): | -63.04 | |
| Chande Momentum Oscillator (20): | -12.44 | |
| Repulse (5,40,3): | 2.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 0.57 |
| MA7: | 309.51 | |
| MA20: | 311.65 | |
| MA50: | 300.88 | |
| MA100: | 283.20 | |
| MAexp7: | 311.24 | |
| MAexp20: | 310.14 | |
| MAexp50: | 301.13 | |
| MAexp100: | 290.03 | |
| Price / MA7: | +0.69% | |
| Price / MA20: | -0% | |
| Price / MA50: | +3.58% | |
| Price / MA100: | +10.05% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +3.49% | |
| Price / MAexp100: | +7.45% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on FACEBOOK INC. at the time of the generation of this analysis was as follows:
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Facebook slammed for labeling report on kids and masks 'partly false'
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Facebook shifts crypto project Diem from Switzerland to the US
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Facebook Whistleblowers: Company Is Failing To Police Content (Pt. 1)
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Facebook Whistleblowers: Company Is Failing To Police Content (Pt. 2)
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Starbucks considering leaving Facebook over hateful comments: Report
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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