META PLATFORMS INC. - 1H - Technical analysis published on 03/31/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 163.80 USD
My targets
174.48 USD (+3.54%)
181.87 USD (+7.93%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FACEBOOK INC. as long as the price remains well above 163.80 USD. The buyers” bullish objective is set at 174.48 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 181.87 USD. If there is any crossing, the next objective would be the resistance located at 193.29 USD.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FACEBOOK INC. price is 168.51 USD. The price registered an increase of +1.54% on the session and was traded between 164.20 USD and 170.93 USD over the period. The price is currently at +2.62% from its lowest and -1.42% from its highest.164.20
170.93
168.51
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of FACEBOOK INC. in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high 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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 146.01 | 152.28 | 163.80 | 168.51 | 174.48 | 181.87 | 193.29 |
| Change (%) | -13.35% | -9.63% | -2.80% | - | +3.54% | +7.93% | +14.71% |
| Change | -22.50 | -16.23 | -4.71 | - | +5.97 | +13.36 | +24.78 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 151.73 | 154.90 | 160.42 | 163.59 | 169.11 | 172.28 | 177.80 |
| Camarilla | 163.56 | 164.36 | 165.15 | 165.95 | 166.75 | 167.54 | 168.34 |
| Woodie | 152.92 | 155.49 | 161.61 | 164.18 | 170.30 | 172.87 | 178.99 |
| Fibonacci | 154.90 | 158.22 | 160.27 | 163.59 | 166.91 | 168.96 | 172.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.53 | 133.06 | 144.93 | 154.46 | 166.33 | 175.86 | 187.73 |
| Camarilla | 150.91 | 152.87 | 154.83 | 156.79 | 158.75 | 160.71 | 162.68 |
| Woodie | 124.69 | 133.65 | 146.09 | 155.05 | 167.49 | 176.45 | 188.89 |
| Fibonacci | 133.06 | 141.24 | 146.29 | 154.46 | 162.64 | 167.69 | 175.86 |
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): | 65.80 | |
| MACD (12,26,9): | 3.0100 | |
| Directional Movement: | 11.77 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 167.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 163.52 | |
| Elder Ray (13): | 3.12 | |
| Super Trend (3,10): | 160.85 | |
| Zig ZAG (10): | 167.94 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 83.46 | |
| TEMA (21): | 168.58 | |
| Williams %R (14): | -21.46 | |
| Chande Momentum Oscillator (20): | 11.11 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 12.32 |
| MA7: | 159.90 | |
| MA20: | 163.32 | |
| MA50: | 190.78 | |
| MA100: | 197.13 | |
| MAexp7: | 167.06 | |
| MAexp20: | 163.57 | |
| MAexp50: | 160.14 | |
| MAexp100: | 162.03 | |
| Price / MA7: | +5.38% | |
| Price / MA20: | +3.18% | |
| Price / MA50: | -11.67% | |
| Price / MA100: | -14.52% | |
| Price / MAexp7: | +0.87% | |
| Price / MAexp20: | +3.02% | |
| Price / MAexp50: | +5.23% | |
| Price / MAexp100: | +4.00% |
News
The latest news and videos published on FACEBOOK INC. at the time of the analysis were as follows:
- Thinking about trading options or stock in Apple, Citrix Systems, Facebook, Merck, or Wayfair?
- Thinking about trading options or stock in Alibaba, Blackstone Group, Facebook, Tiffany, or Zoom Video Communications?
- Facebook Appoints Robert M. Kimmitt as Lead Independent Director
-
Kentucky Mayor Gets Real About COVID-19 On Facebook
-
Facebook Reducing Streaming Quality In Europe
This member declared not having a position on this financial instrument or a related financial instrument.
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