META PLATFORMS INC. - Daily - Technical analysis published on 12/06/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 327.22 USD
My targets
303.91 USD (-3.33%)
278.74 USD (-11.33%)
My analysis
META PLATFORMS INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 327.22 USD. The next support located at 303.91 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 278.74 USD. Below this support, sellers could then target 264.91 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
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 META PLATFORMS INC. price is 314.37 USD. On the day, this instrument gained +2.45% with the lowest point at 306.34 USD and the highest point at 316.46 USD. The deviation from the price is +2.62% for the low point and -0.66% for the high point.306.34
316.46
314.37
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of META PLATFORMS INC. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 264.91 | 278.74 | 303.91 | 314.37 | 327.22 | 336.95 | 355.30 |
| Change (%) | -15.73% | -11.33% | -3.33% | - | +4.09% | +7.18% | +13.02% |
| Change | -49.46 | -35.63 | -10.46 | - | +12.85 | +22.58 | +40.93 |
| Level | Minor | Minor | Major | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 285.39 | 292.45 | 299.64 | 306.70 | 313.89 | 320.95 | 328.14 |
| Camarilla | 302.92 | 304.23 | 305.53 | 306.84 | 308.15 | 309.45 | 310.76 |
| Woodie | 285.47 | 292.48 | 299.72 | 306.73 | 313.97 | 320.98 | 328.22 |
| Fibonacci | 292.45 | 297.89 | 301.25 | 306.70 | 312.14 | 315.50 | 320.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 249.50 | 274.50 | 290.67 | 315.67 | 331.84 | 356.84 | 373.01 |
| Camarilla | 295.52 | 299.29 | 303.07 | 306.84 | 310.61 | 314.39 | 318.16 |
| Woodie | 245.09 | 272.29 | 286.26 | 313.46 | 327.43 | 354.63 | 368.60 |
| Fibonacci | 274.50 | 290.23 | 299.94 | 315.67 | 331.40 | 341.11 | 356.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 283.20 | 303.20 | 313.83 | 333.83 | 344.46 | 364.46 | 375.09 |
| Camarilla | 316.04 | 318.85 | 321.65 | 324.46 | 327.27 | 330.08 | 332.88 |
| Woodie | 278.52 | 300.86 | 309.15 | 331.49 | 339.78 | 362.12 | 370.41 |
| Fibonacci | 303.20 | 314.90 | 322.13 | 333.83 | 345.53 | 352.76 | 364.46 |
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): | 39.96 | |
| MACD (12,26,9): | -5.6900 | |
| Directional Movement: | -15.23 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 321.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 334.40 | |
| Elder Ray (13): | -12.90 | |
| Super Trend (3,10): | 339.33 | |
| Zig ZAG (10): | 314.06 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 15.43 | |
| TEMA (21): | 317.91 | |
| Williams %R (14): | -73.86 | |
| Chande Momentum Oscillator (20): | -26.75 | |
| Repulse (5,40,3): | -2.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 10.85 |
| MA7: | 319.72 | |
| MA20: | 332.17 | |
| MA50: | 331.70 | |
| MA100: | 347.57 | |
| MAexp7: | 318.51 | |
| MAexp20: | 327.61 | |
| MAexp50: | 334.41 | |
| MAexp100: | 337.09 | |
| Price / MA7: | -1.67% | |
| Price / MA20: | -5.36% | |
| Price / MA50: | -5.22% | |
| Price / MA100: | -9.55% | |
| Price / MAexp7: | -1.30% | |
| Price / MAexp20: | -4.04% | |
| Price / MAexp50: | -5.99% | |
| Price / MAexp100: | -6.74% |
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:
- META PLATFORMS, INC. F/K/A FACEBOOK, INC. (NASDAQ: FB) SHAREHOLDER CLASS ACTION DEADLINE- Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Facebook, Inc.
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Meta Platforms, Inc. f.k.a. Facebook, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 27, 2021 - FB
- ROSEN, A LEADING AND RANKED FIRM, Encourages Meta Platforms, Inc. f/k/a Facebook, Inc. Investors with Losses in Excess of $1MM to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm - FB
- Levi & Korsinsky, LLP, Researching Possible Securities Law Violations - Meta Platforms, Inc. f.k.a. Facebook, Inc. - FB
- INVESTOR ACTION REMINDER: 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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