META has setup rather bearishMETA had a pretty good breakdown on it earnings and has retested nicely. Breaching below the 100-MA and has a rather large air pocket to the 200-MA. Plenty of good spots to put a stop loss.
METACL trade ideas
META: Sell ideaSell idea on META as you see on the chart because we are in a trading range situation and also we have the breakout of vwap and the support line.Thanks!
META - Bearish LookMeta was not able to hold above the previous highs (higher time frame). The buyers ran out of fuel and it seems like sellers are taking over at least for now. Taking a short position to $275 area.
For me, its an OTM options on this trade, to keep my risk exposure as minimum as possible, while trying to gain the max profits from this opportunity. Beginning of December expiry to allow the price to mature, in case we get stuck in a chop.
META - Revisiting BreakdownPrice has come back to test the break zone that was created after earnings.
Bulls need a close above $312 to attempt a change in course and possible move to the top of the range else the double top looks likely to unfold.
A double top is a bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset’s price falls below a support level equal to the low between the two prior highs.
This pattern, resembling an ‘M’ shape, signals a medium or long-term trend change in an asset class. It’s important to note that it’s not always easy to spot because there needs to be a confirmation with a break below support.
While a double top is a bearish signal, its counterpart, a double bottom, is a bullish signal. A double bottom resembles a ‘W’ shape and indicates a potential bullish price movement following a downtrend.
In trading, these patterns are often used as signals to sell or enter short positions (in case of double top) or buy or enter long positions (in case of double bottom) in anticipation of market changes.
META Strong Falling Wedge bullish break out.Meta Platforms, Inc. / META got rejected last time exactly where we wanted to (see chart at the bottom of the analysis) and hit the bottom of the Triangle pattern, which is where we wanted to buy.
The price broke today over the 1day MA50, which was the pivot level inside the Channel Up pattern.
Based on the previous rebound, this is the start of the new bullish wave to to the top of the Channel Up.
The 1day rebounded on Support A, which is where the previous Channel Down Low was priced.
Buy on the closing of the next 1day red candle. Target 335.00 (+20.50% rise).
Previous chart:
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META short to around $305My dowsing since yesterday is talking a lot about trading META. It was a long into $330, but this morning I'm getting maybe only $327.50, or that is a first stop on way to $330, so I'm not sure.
I get a reversal down and time of day to be aware of as 12:40-50 this afternoon (eastern).
So, if it's up at the zone and reversing, I'd especially watch that time. I only want to short this into tomorrow though as it's only suggesting a 2 day trade, so be aware of that.
There is a lot of attention being given to the date of Nov. 21st as well.
I also have a level of $286 if you like it lower longer, but there's still some suggestion of a daily up trend, so it could be a little bouncy.
META: Two situationsOn META as you see on the chart we have two situations. We will have an uptrend if only if we have the breakout with force the vwap and the resistance line by a big green candle with a large green volume. In other hand, we will have a downtrend if we have the breakout with force the support line by a big red candle with a large red volume.Thanks!
META - ITS TIME TO SHORTConsidering the current market conditions, there appears to be a favorable opportunity to initiate a short position for META. My analysis suggests that there is a potential for a reversal at this stage. As always, it is crucial to exercise caution and perform further research before making any investment decisions.
META | Bearish Divergence | SHORTNASDAQ:META
Price Target1: 276$
Price Target2: 265$
15th Dec PUT Options
Trend Analysis: The stock has been in an upward trend (bull market) for a considerable time, as indicated by the rising price action and the rising Relative Strength Index (RSI) line. However, this upward trend seems to have reversed recently, indicating the start of a bear market.
Bearish Divergence: The chart points out a bearish divergence, which is a technical signal indicating potential trend reversal. A bearish divergence occurs when the stock price hits higher highs, but the RSI does not confirm these highs (i.e., the RSI makes lower highs). This suggests that the upward momentum might be weakening.
Volume Profile: The volume profile on the right side shows the price levels at which the most trading occurred. The wider the horizontal bars, the more trading volume occurred at those price levels. These levels can act as support or resistance in the future.
Price Decline: There are two significant price declines highlighted in the chart, with percentage drops annotated. The stock faced a steep decline, losing a significant portion of its value during those periods.
RSI Levels: RSI values above 70 typically indicate that a stock might be overbought (potentially overvalued), while values below 30 suggest it might be oversold (potentially undervalued). The chart showcases moments when the RSI crossed these thresholds.
Predictions:
The highlighted bearish divergence and subsequent price drop might be a warning to traders and investors about potential future declines.
The question mark implies uncertainty or a need for decision-making regarding the stock's future direction.
The bear market label suggests a prediction or declaration that the stock has entered a downward trend.
pt 2 NVDA AAPL MSFT AMZN GOOGL META TSLA Price Forecastpart 2 NVDA AAPL MSFT AMZN GOOGL META TSLA Price Forecast
support and resistance guide
TAke profits from longs on Meta Sure, here's the analysis of Meta (formerly known as Facebook) based on the information you provided:
Stock Performance: Meta has recently experienced a stock price increase of over 160%. This is a significant rise and may indicate that investors were enthusiastic, and the stock's performance exceeded typical expectations. This is an important factor that can impact the future stock price.
Overbought Zone: Your mention of a mildly overbought condition on the weekly chart is important. The Relative Strength Index (RSI) is a useful indicator for identifying overbought or oversold conditions in the market. If RSI reaches values above 70, it can signify that the stock is overbought and may be due for a correction.
Bearish RSI Divergence: The formation of a bearish RSI divergence on the daily chart is a crucial signal. A bearish divergence suggests that the strength of the uptrend is weakening and could be the beginning of a reversal. This is an important signal for technical analysts, indicating a potential price decline in the future.
Profit-Taking: Meta has seen substantial growth since its last decline. When investors witness such significant growth, they may be inclined to start taking profits. This can lead to increased selling of shares and a decline in the stock price.
Based on this information, it might be expected that the price of Meta's stock could decline in the near future. However, it's important to note that financial markets are unpredictable and can be influenced by many other factors, including news, geopolitical events, and market trends.
It's important to consider that investing based on technical analysis is just one of many approaches to investing. Before making any investment decisions, it's advisable to consult with a financial advisor and consider all available information about the company and the market.
META Is it a buy again?Two months since we gave a successful buy signal (see chart below) on Meta Platforms (META) and the stock is yet again found after an aggressive selling sequence:
The (almost) 12-month long Bullish Megaphone may be still intact but this time the price dropped below both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). It is however approaching not just the bottom (Higher Lows trend-line) of the Bullish Megaphone, but also Support 1 (274.50).
What makes Meta a strong buy already is that the 1D RSI entered the Buy Zone, which is the area within the bottom of its Channel Down and the Support. As long as the 1D MA200 (orange trend-line) holds, buying some here and the rest at the bottom of the Bullish Megaphone is the most optimal approach for the medium-term.
As you can see, the price action follows very distinct time Cycles (dashed curves) and right now the new one is about to begin. Our target is the $384.50 All Time High of September 01 2021.
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META - The selling Pressure is Not Over Yet.I'm not in META, just reading the chart and all the signals for support and several Sell Signals clearly visable in Advance. For those of you caught off guard consider what you see here for future reference. The chart was breaking down well in advance including that the stock has been Far Above both the 50 and 200 day EMA's that realistically has not been sustainable any longer. It also would not surprise me if META were to fall all the way back down to the 200 day EMA altogether at approximately $261.00. My other comments are built directly into the chart.
META daily cup with handle rejected breakout?There seems to be a large cup with handle formation over most of 2023 in META on the daily. After the completion there was a small handle formed and then a breakout of the top of the cup formation but this was a false breakout. Could this big, bullish pattern underperform and instead be a signal for lower prices on the horizon? Or might this breakdown be short lived and we will see a second breakout? The trading volume isn't particularly promising as it was lower during the second half of the cup.
META: SHARK detected.META: SHARK detected.
The numbers were good, but the interpretation of the numbers is wrong. The “Christmas Rally is coming soon??
In any case, technically we should go back to the bull market.
To watch:EMA.50 ($310) and 200 ($290),
and LEVELS : Ichimoku, Bollinger, Fibonacci. Happy trading to all.
$META Analysis, Key Levels & Targets - Post EarningsNASDAQ:META Analysis, Key Levels & Targets
What are some realistic Targets for Meta based on earnings and the past rally, the loss of volume mid year and future economic concerns??
Well….. Any of these targets could be great places to add… but I am looking towards targets 3 & 4… once we get there I will reassess…
Meta's earnings are the best in 10 years! 26/10/2023Meta Platforms Inc. reported record quarterly revenue growth over the past ten years since the company went public. Revenue amounted to 34.15 billion USD (a relative increase of 23%), and net profit reached 11.58 billion USD (a relative increase of 164%).
The main reasons for such outstanding results were the increase in demand for advertising and the reduction in costs for the development of artificial intelligence technologies. If we take as a basis the analysts' forecast of 13.06% for META's revenue growth in the next four quarters, then relative to the P/S (capitalisation/revenue) multiplier, the fair price of the company's shares could reach 491.70 USD.
Therefore, today, we focus on the Meta Platforms Inc. (NASDAQ: META) stock chart.
On the D1 timeframe, support has formed at 299.50, with resistance at 328.84. META's shares are becoming cheaper due to a negative market background. However, if quotes consolidate above 306.47, the trend may change.
On the H1 timeframe, after the level at 301.56 is broken through, there is a chance that the new upward movement starts. In the medium term, the target for the price increase can be around 328.84.
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MetaPrice at 287 price action support..
I'm looking for a bounce here and a move up in the next week back to close this gap or test white trend line resistance
Long over 287
Stop loss 284.00
Target 300.00
If we break 284 then meta is headed to
276
Despite Strong Report, META Shares Fall 3%Like Google, META demonstrated that the price can fall if the quarterly report is better than expected:
→ Earnings per share: actual = USD 4.39, expectation = USD 3.63.
→ Revenue: actual = USD 34.15 billion, expectations = USD 33.56 billion
→ Number of daily active users: fact = 2.09 billion, expectation = 2.07 billion according to StreetAccount.
META's share price initially rose in post-market trading but then reversed course and fell more than 3% following cautionary comments from CFO Susan Lee about the impact of military conflict in the Middle East on the advertising market.
Thus, the META stock price may have received a bullish boost from the psychological level of USD 300, but it is possible that it will receive a bearish one because the opening price on Thursday could be around USD 290.
In the analysis of the META share price on October 3, we paid attention to the candle from July 27, when the high of the year was formed — then, extremely high volumes were recorded on the NASDAQ exchange. They can be interpreted as the desire of large players to fix profits from long positions.
Since then, the price has updated its high of the year around the USD 325 level, but this update turned into a classic bear trap. Thus, a large-scale double top pattern has formed on the chart, which will most likely lead to a bearish breakout of the ascending channel (shown in blue).
When a breakout occurs, a gap will likely form, which can serve as resistance. The bulls may be given hope by the level of USD 175 per share, which previously supported META shares.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
#META looking rather precarious. META released a decent set of results last night, but trade action post market is very weak which makes me think there is a scenario where it could be headed as low as R240 to meet the Rising 200wma and previouys level of support at approx R245.00.
Stock recently made a new high which was not confirmed by the RSI forming a lower high (bearish divergence). I would becareful of buying this thing too soon as i think further weakness is most likely on the horizon in the metaverse!
META earnings todayMETA earnings today, Wednesday 10/25, at 4:05pm. Meta Platforms (META) reported earnings of 3.23 per share on revenue of 32 billion for the second quarter ending June 2023. The consensus earnings estimate was 2.87 per share on revenue of 31.06 billion. The company beat expectations by 6.95% while revenue grew 11.02% on a year-over-year basis. The company said it expects third quarter revenue of 32 billion to 34.5 billion.
Q3 September 2023 Consensus:
EPS = 3.62
Revenue: 33.52B
Moving averages:
VWMA 50 = 303
VWMA100 = 299
VWMA200 = 239
TTCATR20:
R3 = 340
SMA20 = 313
S3 = 285
Options data:
10/27 expiry
Put Volume Total 37,706
Call Volume Total 61,969
Put/Call Volume Ratio 0.61
Put Open Interest Total 94,431
Call Open Interest Total 128,775
Put/Call Open Interest Ratio 0.73
11/3 expiry
Put Volume Total 7,852
Call Volume Total 16,607
Put/Call Volume Ratio 0.47
Put Open Interest Total 21,300
Call Open Interest Total 27,187
Put/Call Open Interest Ratio 0.78
11/10 expiry
Put Volume Total 1,606
Call Volume Total 2,716
Put/Call Volume Ratio 0.59
Put Open Interest Total 8,067
Call Open Interest Total 7,531
Put/Call Open Interest Ratio 1.07
11/17 expiry
Put Volume Total 8,158
Call Volume Total 15,085
Put/Call Volume Ratio 0.54
Put Open Interest Total 207,575
Call Open Interest Total 245,615
Put/Call Open Interest Ratio 0.85
1/19/2024 LEAPS
Put Volume Total 9,533
Call Volume Total 12,634
Put/Call Volume Ratio 0.75
Put Open Interest Total 390,266
Call Open Interest Total 610,932
Put/Call Open Interest Ratio 0.64
$META Implied Move for Earnings... NASDAQ:META Earnings Implied Move
So Meta’s Implied move for earnings is between 287.50 and 340… 28 dollars in each direction.
And if you are wondering, the implied move is calculated using options...
I did a volume analysis for the year and I feel like I’m going to play downside for earnings tomorrow…
This is not an in depth analysis, just the implied move for record. Happy trading, y’all….
META | Day trading | 10-24-2023NASDAQ:META
Trend & Moving Averages:
The stock has been in a clear downtrend for the majority of the visible period, as demonstrated by the lower highs and lower lows.
The stock price has been consistently trading below the orange and blue moving averages, reaffirming the bearish sentiment.
More recently, there seems to be an attempt at a reversal as the stock begins to trade above the moving averages and shows a pattern of higher highs and higher lows.
Support & Resistance Levels:
Bearish Line at 312.90 USD: This line seems to act as a recent support, where the price has bounced from it before. If the stock breaches this level going downward, it might continue its bearish trend.
Bullish Line at 317.36 USD: This is a significant resistance level where the price has struggled to break above.
Target Price 1 at 307.69 USD: This is the next significant support level below the bearish line, where the price might aim if it continues the bearish movement.
Target Price 2 at 321.15 USD: This is the next resistance level above the bullish line. Breaking above this level could further solidify a bullish trend.
Volume:
The trading volume is shown at the bottom of the chart. Notably, there seems to be a spike in volume during the bullish movement, suggesting increased buying interest.
Potential Reversal:
As the stock price begins to trade above the moving averages and starts forming higher highs and higher lows, this could be indicative of a potential trend reversal from bearish to bullish. However, it's crucial to monitor if the stock can maintain its position above the moving averages and break above the resistance levels to confirm this.
Ichimoku Cloud:
The stock is currently trading below the shaded area, which is typically seen as a bearish sign. However, it is inching closer to the cloud, suggesting potential bullish momentum if it can break and maintain above it.
To summarize, while the stock has shown a bearish trend for the majority of the visible period, there are recent signs of potential bullish momentum.
