META PLATFORMS INC. - 1H - Technical analysis published on 05/23/2022 (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:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 203.38 USD
My targets
186.63 USD (-4.00%)
174.12 USD (-10.44%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on META PLATFORMS INC.. As long as you are under the resistance located at 203.38 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 186.63 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 174.12 USD as an objective. Crossing it would then enable sellers to target 169.00 USD. If the resistance 203.38 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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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
META PLATFORMS INC. rating 194.41 USD. The price has increased by +0.45% since the last closing and was traded between 191.24 USD and 196.99 USD over the period. The price is currently at +1.66% from its lowest and -1.31% from its highest.191.24
196.99
194.41
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by META PLATFORMS INC.:
Technical
Technical analysis of META PLATFORMS INC. in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 resistance of channel
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 169.00 | 174.12 | 186.63 | 194.41 | 205.45 | 211.24 | 217.50 |
| Change (%) | -13.07% | -10.44% | -4.00% | - | +5.68% | +8.66% | +11.88% |
| Change | -25.41 | -20.29 | -7.78 | - | +11.04 | +16.83 | +23.09 |
| Level | Intermediate | Minor | Major | - | Intermediate | 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 | 178.26 | 183.07 | 188.30 | 193.11 | 198.34 | 203.15 | 208.38 |
| Camarilla | 190.78 | 191.70 | 192.62 | 193.54 | 194.46 | 195.38 | 196.30 |
| Woodie | 178.48 | 183.18 | 188.52 | 193.22 | 198.56 | 203.26 | 208.60 |
| Fibonacci | 183.07 | 186.90 | 189.27 | 193.11 | 196.94 | 199.31 | 203.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 168.20 | 178.03 | 185.79 | 195.62 | 203.38 | 213.21 | 220.97 |
| Camarilla | 188.70 | 190.32 | 191.93 | 193.54 | 195.15 | 196.77 | 198.38 |
| Woodie | 167.16 | 177.51 | 184.75 | 195.10 | 202.34 | 212.69 | 219.93 |
| Fibonacci | 178.03 | 184.75 | 188.90 | 195.62 | 202.34 | 206.49 | 213.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 99.50 | 134.25 | 167.36 | 202.11 | 235.22 | 269.97 | 303.08 |
| Camarilla | 181.81 | 188.03 | 194.25 | 200.47 | 206.69 | 212.91 | 219.13 |
| Woodie | 98.68 | 133.84 | 166.54 | 201.70 | 234.40 | 269.56 | 302.26 |
| Fibonacci | 134.25 | 160.17 | 176.19 | 202.11 | 228.03 | 244.05 | 269.97 |
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): | 52.32 | |
| MACD (12,26,9): | -0.7400 | |
| Directional Movement: | -1.50 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 192.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 188.04 | |
| Elder Ray (13): | 2.45 | |
| Super Trend (3,10): | 199.66 | |
| Zig ZAG (10): | 195.39 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 70.70 | |
| TEMA (21): | 192.97 | |
| Williams %R (14): | -25.20 | |
| Chande Momentum Oscillator (20): | 1.95 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 0.08 |
| MA7: | 196.15 | |
| MA20: | 198.44 | |
| MA50: | 207.29 | |
| MA100: | 235.47 | |
| MAexp7: | 193.75 | |
| MAexp20: | 194.10 | |
| MAexp50: | 195.79 | |
| MAexp100: | 198.00 | |
| Price / MA7: | -0.89% | |
| Price / MA20: | -2.03% | |
| Price / MA50: | -6.21% | |
| Price / MA100: | -17.44% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | -0.70% | |
| Price / MAexp100: | -1.81% |
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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