Technical Analysis for META - Meta Platforms, Inc.

Grade Last Price % Change Price Change
D 473.23 -1.73% -8.31
META closed down 1.73 percent on Thursday, May 16, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
Stochastic Reached Overbought Strength -1.73%
Overbought Stochastic Strength -1.73%
20 DMA Support Bullish 0.29%
Gapped Down Weakness 0.29%
20 DMA Support Bullish 1.12%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 4 hours ago
Possible Inside Day about 4 hours ago
2x Volume Pace about 8 hours ago
1.5x Volume Pace about 8 hours ago
Gap Down Partially Closed about 8 hours ago

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Profile

Meta Platforms, Inc. Description

Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.


Classification

Sector: Technology
Industry: Internet Content & Information
Keywords: S&P 500 Computing Nasdaq 100 Software Mobile Devices Social Media Virtual Reality Mobile Applications Metaverse Hyperscale Instant Messaging Clients Mixed Reality Meta Platforms

Is META a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 531.4899
52 Week Low 243.1649
Average Volume 16,513,814
200-Day Moving Average 383.40
50-Day Moving Average 487.47
20-Day Moving Average 464.27
10-Day Moving Average 470.47
Average True Range 14.79
RSI (14) 49.75
ADX 17.12
+DI 23.40
-DI 23.84
Chandelier Exit (Long, 3 ATRs) 467.86
Chandelier Exit (Short, 3 ATRs) 458.86
Upper Bollinger Bands 503.46
Lower Bollinger Band 425.09
Percent B (%b) 0.61
BandWidth 16.88
MACD Line -3.26
MACD Signal Line -6.52
MACD Histogram 3.2627
Fundamentals Value
Market Cap 1.04 Trillion
Num Shares 2.2 Billion
EPS 14.85
Price-to-Earnings (P/E) Ratio 31.87
Price-to-Sales 8.85
Price-to-Book 7.82
PEG Ratio 1.07
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 480.64
Resistance 3 (R3) 481.30 479.50 479.41
Resistance 2 (R2) 479.50 477.61 479.17 478.99
Resistance 1 (R1) 476.36 476.44 475.46 475.70 478.58
Pivot Point 474.56 474.56 474.11 474.23 474.56
Support 1 (S1) 471.42 472.67 470.52 470.76 467.88
Support 2 (S2) 469.62 471.50 469.29 467.47
Support 3 (S3) 466.48 469.62 467.06
Support 4 (S4) 465.82