META PLATFORMS INC. - 1H - Technical analysis published on 01/05/2023 (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 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:
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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 122.60 | 124.22 | 125.80 | 127.42 | 129.00 | 130.62 | 132.20 |
| Camarilla | 126.49 | 126.78 | 127.08 | 127.37 | 127.66 | 127.96 | 128.25 |
| Woodie | 122.57 | 124.21 | 125.77 | 127.41 | 128.97 | 130.61 | 132.17 |
| Fibonacci | 124.22 | 125.45 | 126.20 | 127.42 | 128.65 | 129.40 | 130.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.37 | 113.44 | 116.89 | 118.96 | 122.41 | 124.48 | 127.93 |
| Camarilla | 118.82 | 119.33 | 119.83 | 120.34 | 120.85 | 121.35 | 121.86 |
| Woodie | 112.06 | 113.79 | 117.58 | 119.31 | 123.10 | 124.83 | 128.62 |
| Fibonacci | 113.44 | 115.55 | 116.85 | 118.96 | 121.07 | 122.37 | 124.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.43 | 106.95 | 113.64 | 119.16 | 125.85 | 131.37 | 138.06 |
| Camarilla | 116.98 | 118.10 | 119.22 | 120.34 | 121.46 | 122.58 | 123.70 |
| Woodie | 102.03 | 107.24 | 114.24 | 119.45 | 126.45 | 131.66 | 138.66 |
| Fibonacci | 106.95 | 111.61 | 114.49 | 119.16 | 123.82 | 126.70 | 131.37 |
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 :
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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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