META PLATFORMS INC. - 1H - Technical analysis published on 03/24/2020 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Neutral between 152.28 USD and 159.84 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 159.84 USD. The first support is located at 152.28 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by FACEBOOK INC..
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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 FACEBOOK INC. price is 154.35 USD. The price registered an increase of +4.22% on the session and was between 152.57 USD and 158.90 USD. This implies that the price is at +1.17% from its lowest and at -2.86% from its highest.152.57
158.90
154.35
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of FACEBOOK INC. indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 133.28 | 146.01 | 152.28 | 154.35 | 159.84 | 174.48 | 181.87 |
| Change (%) | -13.65% | -5.40% | -1.34% | - | +3.56% | +13.04% | +17.83% |
| Change | -21.07 | -8.34 | -2.07 | - | +5.49 | +20.13 | +27.52 |
| Level | Intermediate | Intermediate | Minor | - | Minor | 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 | 133.32 | 137.96 | 143.03 | 147.67 | 152.74 | 157.38 | 162.45 |
| Camarilla | 145.43 | 146.32 | 147.21 | 148.10 | 148.99 | 149.88 | 150.77 |
| Woodie | 133.54 | 138.07 | 143.25 | 147.78 | 152.96 | 157.49 | 162.67 |
| Fibonacci | 137.96 | 141.67 | 143.96 | 147.67 | 151.38 | 153.67 | 157.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.08 | 126.09 | 137.91 | 148.92 | 160.74 | 171.75 | 183.57 |
| Camarilla | 143.45 | 145.55 | 147.64 | 149.73 | 151.82 | 153.92 | 156.01 |
| Woodie | 115.49 | 126.29 | 138.32 | 149.12 | 161.14 | 171.95 | 183.97 |
| Fibonacci | 126.09 | 134.81 | 140.20 | 148.92 | 157.64 | 163.03 | 171.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 139.66 | 160.74 | 176.61 | 197.69 | 213.55 | 234.63 | 250.50 |
| Camarilla | 182.31 | 185.70 | 189.08 | 192.47 | 195.86 | 199.24 | 202.63 |
| Woodie | 137.05 | 159.44 | 174.00 | 196.38 | 210.94 | 233.33 | 247.89 |
| Fibonacci | 160.74 | 174.85 | 183.57 | 197.69 | 211.80 | 220.52 | 234.63 |
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): | 54.23 | |
| MACD (12,26,9): | 0.6800 | |
| Directional Movement: | 1.21 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 152.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 144.71 | |
| Elder Ray (13): | 2.82 | |
| Super Trend (3,10): | 143.35 | |
| Zig ZAG (10): | 155.05 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 84.95 | |
| TEMA (21): | 154.68 | |
| Williams %R (14): | -24.32 | |
| Chande Momentum Oscillator (20): | 5.28 | |
| Repulse (5,40,3): | -1.6200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.29 |
| MA7: | 149.76 | |
| MA20: | 170.56 | |
| MA50: | 196.56 | |
| MA100: | 198.59 | |
| MAexp7: | 154.26 | |
| MAexp20: | 152.47 | |
| MAexp50: | 154.51 | |
| MAexp100: | 162.66 | |
| Price / MA7: | +3.06% | |
| Price / MA20: | -9.50% | |
| Price / MA50: | -21.47% | |
| Price / MA100: | -22.28% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +1.21% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -5.13% |
News
The latest news and videos published on FACEBOOK INC. at the time of the analysis were as follows:
-
Facebook Reducing Streaming Quality In Europe
-
Mark Zuckerberg Denies Possibility Of Sharing Smartphone Location Data With The US Government
-
Sanders Deactivates Facebook Campaign Ads
-
Facebook Announces $100 Million Program For Small Businesses
- USA TODAY Expands Its Fact-Checking Efforts in New Partnership With Facebook to Identify Misinformation
This member declared not having a position on this financial instrument or a related financial instrument.
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