META PLATFORMS INC. - 1H - Technical analysis published on 04/06/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
72%
11%
My opinion
Bearish under 231.12 USD
My targets
217.50 USD (-2.33%)
213.16 USD (-4.28%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for META PLATFORMS INC. as long as the price remains well below 231.12 USD. The next bearish objective for sellers is set at 217.50 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 213.16 USD. In case of crossing, the next objective would be the support located at 202.01 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 217.50 USD. With this support, against the trend traders who want to buy META PLATFORMS INC. on a buy signal from their trading strategy should not hesitate to act.
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
2.1
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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. rating is 222.70 USD. The price is lower by -3.94% since the last closing with the lowest point at 222.26 USD and the highest point at 228.99 USD. The deviation from the price is +0.20% for the low point and -2.75% for the high point.222.26
228.99
222.70
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on META PLATFORMS INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this META PLATFORMS INC. chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 202.01 | 213.16 | 217.50 | 222.70 | 231.12 | 236.86 | 245.64 |
| Change (%) | -9.29% | -4.28% | -2.33% | - | +3.78% | +6.36% | +10.30% |
| Change | -20.69 | -9.54 | -5.20 | - | +8.42 | +14.16 | +22.94 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 223.78 | 227.40 | 229.62 | 233.24 | 235.46 | 239.08 | 241.30 |
| Camarilla | 230.23 | 230.77 | 231.31 | 231.84 | 232.38 | 232.91 | 233.45 |
| Woodie | 223.08 | 227.05 | 228.92 | 232.89 | 234.76 | 238.73 | 240.60 |
| Fibonacci | 227.40 | 229.63 | 231.01 | 233.24 | 235.47 | 236.85 | 239.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 207.60 | 213.57 | 219.21 | 225.18 | 230.82 | 236.79 | 242.43 |
| Camarilla | 221.66 | 222.72 | 223.79 | 224.85 | 225.91 | 226.98 | 228.04 |
| Woodie | 207.44 | 213.49 | 219.05 | 225.10 | 230.66 | 236.71 | 242.27 |
| Fibonacci | 213.57 | 218.01 | 220.75 | 225.18 | 229.62 | 232.36 | 236.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.74 | 167.78 | 195.07 | 213.11 | 240.40 | 258.44 | 285.73 |
| Camarilla | 209.89 | 214.05 | 218.21 | 222.36 | 226.52 | 230.67 | 234.83 |
| Woodie | 154.37 | 170.09 | 199.70 | 215.42 | 245.03 | 260.75 | 290.36 |
| Fibonacci | 167.78 | 185.10 | 195.79 | 213.11 | 230.43 | 241.12 | 258.44 |
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): | 33.29 | |
| MACD (12,26,9): | -0.5300 | |
| Directional Movement: | -15.09 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 228.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 234.62 | |
| Elder Ray (13): | -4.71 | |
| Super Trend (3,10): | 231.59 | |
| Zig ZAG (10): | 222.52 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 7.99 | |
| TEMA (21): | 226.70 | |
| Williams %R (14): | -97.98 | |
| Chande Momentum Oscillator (20): | -11.17 | |
| Repulse (5,40,3): | -1.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.33 |
| MA7: | 227.64 | |
| MA20: | 214.47 | |
| MA50: | 224.50 | |
| MA100: | 277.58 | |
| MAexp7: | 226.50 | |
| MAexp20: | 228.68 | |
| MAexp50: | 226.70 | |
| MAexp100: | 221.47 | |
| Price / MA7: | -2.17% | |
| Price / MA20: | +3.84% | |
| Price / MA50: | -0.80% | |
| Price / MA100: | -19.77% | |
| Price / MAexp7: | -1.68% | |
| Price / MAexp20: | -2.62% | |
| Price / MAexp50: | -1.76% | |
| Price / MAexp100: | +0.56% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on META PLATFORMS INC. at the time of the generation of this analysis 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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