META PLATFORMS INC. - Daily - Technical analysis published on 11/16/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 336.95 USD
My targets
355.30 USD (+3.74%)
382.18 USD (+11.59%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on META PLATFORMS INC. as long as the price remains well above 336.95 USD. The buyers' bullish objective is set at 355.30 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 382.18 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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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 META PLATFORMS INC. price is 342.50 USD. On the day, this instrument lost -1.46% with the lowest point at 340.87 USD and the highest point at 346.65 USD. The deviation from the price is +0.48% for the low point and -1.20% for the high point.340.87
346.65
342.50
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of META PLATFORMS INC. in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
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:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
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:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 273.97 | 303.91 | 336.95 | 342.50 | 355.30 | 382.18 |
| Change (%) | -20.01% | -11.27% | -1.62% | - | +3.74% | +11.59% |
| Change | -68.53 | -38.59 | -5.55 | - | +12.80 | +39.68 |
| Level | Minor | 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 | 332.17 | 337.69 | 342.62 | 348.14 | 353.07 | 358.59 | 363.52 |
| Camarilla | 344.69 | 345.64 | 346.60 | 347.56 | 348.52 | 349.48 | 350.43 |
| Woodie | 331.89 | 337.54 | 342.34 | 347.99 | 352.79 | 358.44 | 363.24 |
| Fibonacci | 337.69 | 341.68 | 344.15 | 348.14 | 352.13 | 354.60 | 358.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 310.06 | 317.78 | 329.34 | 337.06 | 348.62 | 356.34 | 367.90 |
| Camarilla | 335.59 | 337.36 | 339.12 | 340.89 | 342.66 | 344.43 | 346.19 |
| Woodie | 311.97 | 318.74 | 331.25 | 338.02 | 350.53 | 357.30 | 369.81 |
| Fibonacci | 317.78 | 325.15 | 329.70 | 337.06 | 344.43 | 348.98 | 356.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 269.20 | 288.66 | 306.11 | 325.57 | 343.02 | 362.48 | 379.93 |
| Camarilla | 313.42 | 316.80 | 320.19 | 323.57 | 326.95 | 330.34 | 333.72 |
| Woodie | 268.21 | 288.16 | 305.12 | 325.07 | 342.03 | 361.98 | 378.94 |
| Fibonacci | 288.66 | 302.76 | 311.47 | 325.57 | 339.67 | 348.38 | 362.48 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.24 | |
| MACD (12,26,9): | 0.8300 | |
| Directional Movement: | 7.17 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 334.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 324.17 | |
| Elder Ray (13): | 8.06 | |
| Super Trend (3,10): | 319.09 | |
| Zig ZAG (10): | 342.30 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 81.95 | |
| TEMA (21): | 339.49 | |
| Williams %R (14): | -24.48 | |
| Chande Momentum Oscillator (20): | 18.94 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 8.11 |
| MA7: | 337.24 | |
| MA20: | 331.54 | |
| MA50: | 341.13 | |
| MA100: | 350.35 | |
| MAexp7: | 338.69 | |
| MAexp20: | 334.79 | |
| MAexp50: | 339.05 | |
| MAexp100: | 339.54 | |
| Price / MA7: | +1.56% | |
| Price / MA20: | +3.31% | |
| Price / MA50: | +0.40% | |
| Price / MA100: | -2.24% | |
| Price / MAexp7: | +1.12% | |
| Price / MAexp20: | +2.30% | |
| Price / MAexp50: | +1.02% | |
| Price / MAexp100: | +0.87% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on META PLATFORMS INC.. At the time of publication of this analysis, the latest news was as follows:
- Thinking about trading options or stock in Meta Platforms, Roblox Corp, CyrusOne, Snap, or Boeing?
- ROSEN, GLOBALLY RESPECTED INVESTOR COUNSEL, Encourages Meta Platforms, Inc. f/k/a Facebook, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm - FB
- FB INVESTOR ALERT: ROSEN, A LEADING LAW FIRM, Encourages Meta Platforms, Inc. f/k/a Facebook, Inc. Investors with Losses Exceeding $100K to Secure Counsel Before Important Deadline in Securities Class Action First Filed by Firm - FB
- SHAREHOLDER ACTION NOTICE: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Meta Platforms, Inc. f/k/a Facebook, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- SHAREHOLDER ACTION ALERT: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Meta Platforms, Inc. f/k/a Facebook, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
This member declared not having a position on this financial instrument or a related financial instrument.
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