META PLATFORMS - Daily - Technical analysis published on 08/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
17%
67%
17%
My opinion
Bearish under 174.00 EUR
My targets
161.00 EUR (-2.25%)
143.91 EUR (-12.62%)
My analysis
The current short-term bearish acceleration registered on FACEBOOK should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 174.00 EUR. Short-term sellers will use the support located at 161.00 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 143.91 EUR. Crossing this support would then open the door for sellers to target 126.20 EUR. Caution, if there is a return to below 174.00 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FACEBOOK rating is 164.70 EUR. The price registered an increase of +0.29% on the session and was traded between 162.12 EUR and 166.18 EUR over the period. The price is currently at +1.59% from its lowest and -0.89% from its highest.162.12
166.18
164.70
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FACEBOOK:
Technical
Technical analysis of FACEBOOK in Daily shows a neutral overall trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 126.20 | 143.91 | 161.00 | 164.70 | 174.00 | 182.88 |
| Change (%) | -23.38% | -12.62% | -2.25% | - | +5.65% | +11.04% |
| Change | -38.50 | -20.79 | -3.70 | - | +9.30 | +18.18 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 158.81 | 161.21 | 162.45 | 164.85 | 166.09 | 168.49 | 169.73 |
| Camarilla | 162.70 | 163.03 | 163.37 | 163.70 | 164.03 | 164.37 | 164.70 |
| Woodie | 158.24 | 160.92 | 161.88 | 164.56 | 165.52 | 168.20 | 169.16 |
| Fibonacci | 161.21 | 162.60 | 163.46 | 164.85 | 166.24 | 167.10 | 168.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.73 | 165.91 | 171.37 | 179.55 | 185.01 | 193.19 | 198.65 |
| Camarilla | 173.07 | 174.32 | 175.57 | 176.82 | 178.07 | 179.32 | 180.57 |
| Woodie | 156.36 | 165.23 | 170.00 | 178.87 | 183.64 | 192.51 | 197.28 |
| Fibonacci | 165.91 | 171.12 | 174.34 | 179.55 | 184.76 | 187.98 | 193.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.75 | 159.83 | 167.57 | 177.65 | 185.39 | 195.47 | 203.21 |
| Camarilla | 170.40 | 172.03 | 173.67 | 175.30 | 176.93 | 178.57 | 180.20 |
| Woodie | 148.57 | 159.25 | 166.39 | 177.07 | 184.21 | 194.89 | 202.03 |
| Fibonacci | 159.83 | 166.64 | 170.85 | 177.65 | 184.46 | 188.67 | 195.47 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.96 | |
| MACD (12,26,9): | -0.6300 | |
| Directional Movement: | -17.78 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 174.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 184.88 | |
| Elder Ray (13): | -9.69 | |
| Super Trend (3,10): | 177.23 | |
| Zig ZAG (10): | 164.22 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 6.02 | |
| TEMA (21): | 171.12 | |
| Williams %R (14): | -91.59 | |
| Chande Momentum Oscillator (20): | -15.04 | |
| Repulse (5,40,3): | -1.5500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 8.62 |
| MA7: | 172.21 | |
| MA20: | 177.08 | |
| MA50: | 169.16 | |
| MA100: | 164.42 | |
| MAexp7: | 170.75 | |
| MAexp20: | 173.97 | |
| MAexp50: | 170.91 | |
| MAexp100: | 164.44 | |
| Price / MA7: | -4.36% | |
| Price / MA20: | -6.99% | |
| Price / MA50: | -2.64% | |
| Price / MA100: | +0.17% | |
| Price / MAexp7: | -3.54% | |
| Price / MAexp20: | -5.33% | |
| Price / MAexp50: | -3.63% | |
| Price / MAexp100: | +0.16% |
This member declared not having a position on this financial instrument or a related financial instrument.
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