META PLATFORMS INC.
META PLATFORMS INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: META
ISIN:

META PLATFORMS INC. - 1H - Technical analysis published on 01/05/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 124.67 USD
My targets
129.05 USD (+2.50%)
138.06 USD (+9.66%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on META PLATFORMS INC. as long as the price remains well above 124.67 USD. The buyers' bullish objective is set at 129.05 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 138.06 USD. If there is any crossing, the next objective would be the resistance located at 146.01 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1

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This analysis was given by kenneth6411a. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

META PLATFORMS INC. rating 125.90 USD. On the day, this instrument lost -1.15% and was between 124.54 USD and 127.16 USD. This implies that the price is at +1.09% from its lowest and at -0.99% from its highest.

124.54
127.16
125.90

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of META PLATFORMS INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



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:

Central Candlesticks

Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 115.05 117.66 124.67 125.90 129.05 146.01 158.72
Change (%) -8.62% -6.54% -0.98% - +2.50% +15.97% +26.07%
Change -10.85 -8.24 -1.23 - +3.15 +20.11 +32.82
Level Major Intermediate Minor - 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
Standard122.60124.22125.80127.42129.00130.62132.20
Camarilla126.49126.78127.08127.37127.66127.96128.25
Woodie122.57124.21125.77127.41128.97130.61132.17
Fibonacci124.22125.45126.20127.42128.65129.40130.62


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard111.37113.44116.89118.96122.41124.48127.93
Camarilla118.82119.33119.83120.34120.85121.35121.86
Woodie112.06113.79117.58119.31123.10124.83128.62
Fibonacci113.44115.55116.85118.96121.07122.37124.48


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard101.43106.95113.64119.16125.85131.37138.06
Camarilla116.98118.10119.22120.34121.46122.58123.70
Woodie102.03107.24114.24119.45126.45131.66138.66
Fibonacci106.95111.61114.49119.16123.82126.70131.37

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): 61.70
MACD (12,26,9): 1.7200
Directional Movement: 15.11
AROON (14): 28.57
DEMA (21): 127.43
Parabolic SAR (0,02-0,02-0,2): 128.27
Elder Ray (13): 0.54
Super Trend (3,10): 123.14
Zig ZAG (10): 126.43
VORTEX (21): 1.0700
Stochastique (14,3,5): 43.20
TEMA (21): 127.73
Williams %R (14): -46.29
Chande Momentum Oscillator (20): 1.69
Repulse (5,40,3): 0.6900
ROCnROLL: 1
TRIX (15,9): 0.2500
Courbe Coppock: 5.82
MA7: 121.67
MA20: 118.77
MA50: 112.96
MA100: 131.01
MAexp7: 126.34
MAexp20: 125.01
MAexp50: 122.18
MAexp100: 120.08
Price / MA7: +3.48%
Price / MA20: +6.00%
Price / MA50: +11.46%
Price / MA100: -3.90%
Price / MAexp7: -0.35%
Price / MAexp20: +0.71%
Price / MAexp50: +3.04%
Price / MAexp100: +4.85%

Quotes : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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