META PLATFORMS INC. - Daily - Technical analysis published on 06/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 180.76 USD
My targets
193.09 USD (+3.52%)
217.50 USD (+16.60%)
My analysis
The basic bullish trend is very strong on FACEBOOK INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 180.76 USD. Crossing the first resistance at 193.09 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 217.50 USD as an objective. Caution, a return to below 180.76 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FACEBOOK INC. rating is 186.53 USD. On the day, this instrument gained +2.87% and was traded between 184.41 USD and 186.95 USD over the period. The price is currently at +1.15% from its lowest and -0.22% from its highest.184.41
186.95
186.53
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FACEBOOK INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FACEBOOK INC. chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
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 horizontal support
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 160.27 | 171.32 | 180.76 | 186.53 | 193.09 | 217.50 |
| Change (%) | -14.08% | -8.15% | -3.09% | - | +3.52% | +16.60% |
| Change | -26.26 | -15.21 | -5.77 | - | +6.56 | +30.97 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 178.43 | 179.22 | 180.27 | 181.06 | 182.11 | 182.90 | 183.95 |
| Camarilla | 180.82 | 180.99 | 181.16 | 181.33 | 181.50 | 181.67 | 181.84 |
| Woodie | 178.57 | 179.29 | 180.41 | 181.12 | 182.25 | 182.96 | 184.09 |
| Fibonacci | 179.22 | 179.92 | 180.35 | 181.06 | 181.76 | 182.19 | 182.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 166.57 | 169.72 | 175.53 | 178.68 | 184.49 | 187.64 | 193.45 |
| Camarilla | 178.87 | 179.69 | 180.51 | 181.33 | 182.15 | 182.97 | 183.79 |
| Woodie | 167.89 | 170.38 | 176.85 | 179.35 | 185.81 | 188.30 | 194.77 |
| Fibonacci | 169.72 | 173.15 | 175.26 | 178.68 | 182.11 | 184.22 | 187.64 |
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): | 59.02 | |
| MACD (12,26,9): | -0.8800 | |
| Directional Movement: | 3.47 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 177.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 162.76 | |
| Elder Ray (13): | 7.395 | |
| Super Trend (3,10): | 170.44 | |
| Zig ZAG (10): | 186.14 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 85.17 | |
| TEMA (21): | 176.32 | |
| Williams %R (14): | -0.41 | |
| Chande Momentum Oscillator (20): | 3.68 | |
| Repulse (5,40,3): | 1.9300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 5.13 |
| MA7: | 177.90 | |
| MA20: | 177.76 | |
| MA50: | 182.13 | |
| MA100: | 173.50 | |
| MAexp7: | 178.86 | |
| MAexp20: | 178.47 | |
| MAexp50: | 178.30 | |
| MAexp100: | 173.67 | |
| Price / MA7: | +4.85% | |
| Price / MA20: | +4.93% | |
| Price / MA50: | +2.42% | |
| Price / MA100: | +7.51% | |
| Price / MAexp7: | +4.29% | |
| Price / MAexp20: | +4.52% | |
| Price / MAexp50: | +4.62% | |
| Price / MAexp100: | +7.40% |
News
The latest news and videos published on FACEBOOK INC. at the time of the analysis were as follows:
-
Facebook to introduce its own cryptocurrency
- FB ALERT: Hagens Berman Alerts Facebook, Inc. (FB) Shareholders to Privacy Compliance Email Investigation, Long-Term FB Shareholders May Contact Firm
-
Facebook Shares Drop After Report Uncovers Zuckerberg Emails
-
Zuckerberg values profits over privacy: Tech expert
-
Mark Zuckerberg's Old Emails Might Complicate The FTC Privacy Probe
This member declared not having a position on this financial instrument or a related financial instrument.
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