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META - Doors Wide Open For Risk On As I covered in the weekend video, with S&P leading up and away, it would appear to be a very good moment to top up on some giant stocks. META looks very nice in this area. It has completed a 3 wave correction and it would appear the next wave up is underway. This is also in consideration that there has been 0 negative reaction to the FED "jumbo sized" interest rate cut. It has only been positive and there was no whipsaw. This tells us that the biggest money had already made their moves. It would appear that the doors are wide open for risk on. And it would appear a great moment to hop onto some trending stocks such as META here 👍
NASDAQ:METALong
by dRends35
Meta (META) Testing Key Levels: Breakout or Breakdown? Evening Traders Meta (META) is currently trading in a key range, and the next move could be significant! 📊 Upside Potential: If META breaks above the critical resistance at $596, we could see a rally toward the next target of $600.44. 📈 Bulls should watch for momentum above this level as a potential breakout zone. Downside Risk: A failure to hold the current support at $582.99 could see META retrace toward the next major support at $569.35. 📉 Bears will be eyeing a break below this level for further downside action. Stay alert for a strong move in either direction! This chart is loaded with opportunities for both bulls and bears. 🔥 Mindbloome Trader Happy Trading :)
NASDAQ:META
by Mindbloome-Trading
META AND EARNINGS, WHAT IS IMPORTANT FOR PRICE?I added some drawing lines to show essentially what a move could look like that takes meta higher, and just as easy, earnings could be the a drop that goes below 400. So price targets are marked. There is a big area in price here where the move to the upside could be pretty decent. I have a few charts for meta however this one is the most likely outcome. Former rejection lines are now support. META could easily see 900 levels. META could easily see 300 levels. Timing isn't really important here. Watch for a BIG earnings drop. Otherwise if we catch support, it could easily spring up. Again, I know this isn't really an answer for exact price. However, the trends are important, and we could easily see something happen here as indicators reset, projection has right around earnings. Good luck!
NASDAQ:META
by nicktussing77
Elliottwave Double Correction in META Provide Buying OpportunityShort Term Elliott Wave View in META suggests that rally from 7.25.2024 low is in progress as an impulsive structure. Up from 7.25.2024 low, wave (1) ended at 544.23. Wave (2) pullback ended at 495.51 as the 1 hour chart below shows. Up from there, the stock extended higher in wave ((3)) as an impulse. Wave 1 of (3) ended at 527.94 and pullback in wave 2 of (3) ended at 517.11. Stock extends higher again in wave 3 of (3) towards 583.04 and wave 4 of ((3)) ended at 566.4. Final leg wave 5 ended at 602.95 which completed wave (3). Wave (4) pullback is currently in progress as a double three Elliott Wave structure. Down from wave 93), wave W ended at 581.61 and rally in wave X ended at 592.18. Expect Wave Y to extend lower towards 100% – 161.8% Fibonacci extension of wave W. This area comes at 557.7 – 579.8 where wave Y of (4) should end. From this area, the stock should resume higher again or at least rally in 3 waves. Near term, as far as pivot at 495.51 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
NASDAQ:META
by Elliottwave-Forecast
$META Wedge Breakout Setup with Key Targets AheadNASDAQ:META is attempting a wedge breakout on the session hourly, with a candle confirmation above the 9-EMA. If the breakout holds, our first target is a retest of $594.24. Should we break that, we’re looking at a potential retest of the all-time high (ATH) at $602.90. However, if the breakout fails, we could see a retest of key support levels at $588.36 and $583.14. On the daily chart, we’re seeing a hammer candle after retesting support, alongside a 2-1-3 pattern that could signal continued momentum.
NASDAQ:METALong
by Solidified
META Technical Analysis (1-Hour Chart)Current Price: ~$582.80 Resistance Levels: First Resistance: $584.40 - This level is critical to watch for short-term rejection or breakout, as it aligns with the recent high. Second Resistance: $602.90 - If price action breaks through $584.40, META could test this level as an upside target. Support Levels: First Support: $581.18 - META is trading just above this level. If it holds, it could provide a solid base for a bounce. Second Support: $566.36 - A break below $581.18 could lead to a drop towards this level, especially if selling pressure increases. Third Support: $554.12 - Major support zone. If META falls below $566.36, expect a test here. Trend & Pattern: META seems to be in a rising wedge pattern, typically a bearish formation that could lead to a breakdown. The price action shows a pullback after hitting resistance, suggesting a potential retest of lower support levels. However, if the price breaks above the wedge's resistance line, it could invalidate the bearish pattern. MACD Indicator: The MACD appears to show a bearish crossover, which could signal further downside pressure in the near term. However, if it reverses near support, it could indicate a potential bounce. Volume: Volume appears to be decreasing slightly, which could either indicate consolidation or a pause before a bigger move. Pay attention to volume spikes tomorrow for clearer direction. Potential Trade Ideas: Bullish Scenario: If META holds above $581.18 and breaks above $584.40 with strong volume, consider a long position targeting $590.00 or higher, with a potential upside to $602.90 if momentum continues. Bearish Scenario: If META breaks below $581.18, consider a short position targeting the next support level at $566.36. A drop below $566 could signal further weakness down to $554.12. Make sure to keep an eye on volume and momentum tomorrow for clearer direction. This wedge pattern and key levels will be critical to watch. This analysis is for educational purposes only and is not financial advice. Please do your own research before making any trading decisions.
NASDAQ:META
by BullBearInsights
META Keeps Climbing: Don't Miss Out!NASDAQ:META 1-Hour Analysis and Trade Signal Oscillators Overview: Relative Strength Index (RSI) (14): 71.87 (Neutral): RSI is in the overbought territory, indicating potential price exhaustion but with room for some more upside. Stochastic %K (14, 3, 3): 88.47 (Neutral): Also approaching overbought conditions but still neutral, suggesting caution. Commodity Channel Index (CCI) (20): 197.12 (Neutral): High CCI indicates strong bullish momentum, but it is a signal to be cautious as it might be overextended. Momentum (10): 12.07 (Buy): Positive momentum suggests a continuation of the upward move. MACD Level (12, 26): 3.12 (Buy): The bullish MACD crossover reinforces the current uptrend. Moving Averages: All major moving averages are signaling Buy, showing a clear upward trend in the 1-hour time frame. Exponential Moving Average (10): 579.83 (Buy) Simple Moving Average (10): 578.67 (Buy) Exponential Moving Average (50): 571.34 (Buy) Exponential Moving Average (200): 545.93 (Buy) The price is currently above all key moving averages, confirming a strong bullish trend. The Hull Moving Average (9) at 583.82 is also signaling continued upside momentum, which suggests potential for higher price movement in the short term. Key Observations: The RSI and Stochastic %K being close to overbought levels suggest caution but don’t signal a reversal yet. Momentum and MACD indicators are strongly bullish, supporting the idea of a continued rally. Price action is well-supported by both short-term and long-term moving averages, providing a solid bullish structure. Signal: This setup offers a favorable risk/reward ratio, with strong bullish momentum and price support from moving averages. The indicators suggest that the trend can continue upward, but traders should be cautious as some oscillators are nearing overbought territory. Disclaimer: This post is for informational purposes only and does not constitute financial advice. Trading stocks involves high risk. Please conduct your own research before making any trading decisions.
NASDAQ:METALong
by CF_444
Meta Platforms (META) Stock Price Nears $600 MilestoneMeta Platforms (META) Stock Price Nears $600 Milestone As reported by Barron’s, October has historically been the second-best month for the information technology sector in the S&P 500. The sector typically gains an average of 2.7% in October, according to Dow Jones Market Data. The best month is November, with an average increase of 3.1%. This trend likely follows the statistically weakest month—September. Meta Platforms (META)’s strong performance supports these historical patterns. In our analysis of Meta Platforms’ stock chart on 25th September, we noted that the price was forming an ascending channel (shown in blue). Before breaking a key resistance level at $540, the price formed a bullish “inverted cup and handle” pattern, which coincided with another bullish pattern—the “inverted head and shoulders.” Since then, Meta Platforms’ stock has maintained its upward trend, reaching new all-time highs. The price has surpassed $595 and is now nearing the psychological $600 mark. Several factors have contributed to the bullish sentiment: → The upcoming earnings season. Meta Platforms is set to release its Q3 results on 30th September. → Excitement surrounding new developments at Meta Platforms Inc., including the augmented reality device Orion and the AI-powered tool Movie Gen, which generates videos based on text prompts. → A strong stock market rally, driven by better-than-expected September jobs data. Non-farm payrolls increased by 254,000 last month, surpassing the consensus estimate of 150,000 from a Bloomberg survey. The unemployment rate fell to 4.1% from 4.2% in August, contrary to analysts' expectations of no change. Technical Analysis of Meta Platforms (META) Stock The stock continues to move within the blue ascending channel. The relatively low volatility seen since 20th September could be attributed to the price's proximity to the channel’s median, which often balances supply and demand. However, Friday’s large bullish candlestick, opening near the low and closing near the high, signals renewed buying momentum. This suggests that the $580 level may serve as future support, as the chart indicates a buyer's advantage here. According to a TipRanks analyst survey, the average price target for META over the next 12 months is $608. 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.
NASDAQ:META
by FXOpen
2
Will Mark Zuckerberg Become The Wealthiest Person In The World It's gone 12 months or so since Meta Platforms shareholders reached their breaking point in Q4'22 as the Tech giant's financial results in those times were following an increasingly questionable rebrand, from Facebook into Meta. In October, 2022 Altimeter Capital Chairman and CEO Brad Gerstner said in an open letter to the Company that Meta has too many employees and is moving too slowly to maintain investor confidence. A Meta shareholder wrote an open letter to CEO Mark Zuckerberg, saying he's basically "not happy". The investor criticized the brand's $100 billion-plus Metaverse experiment, saying such wild investments "into an unknown future are disproportionate and appalling even by Silicon Valley standards." Investor recommended a plan to bring a "Mojo" back to the company. 👉 It included cutting personnel costs by 20% and limiting the company's costly investment in Metaverse technology to no more than $5 billion a year. 👉 Further, Meta must restore the trust of investors, employees and the tech community to attract, inspire and retain the best people in the world, - Gerstner wrote in the letter. 👉 In short, Meta needs to get fit and focused. The letter was the latest sign that Meta investors were beginning to significantly express doubts about the company's financial results. Meta shares were down more than 61% in 2022. Meta changed its company name to better focus on virtual reality hardware and software, and is spending $10 billion a year on the technology. “However, people were confused about what the Metaverse even means,” Gerstner wrote. "If the company had invested $1-2 billion a year in this project, this confusion might not even be an issue." Ultimately, Gerstner says, Meta has too many people and spends too much on capital expenditures. If Meta could control those costs, it could double its free cash flow and improve its share price, he said. He said a 20 percent cut in employee costs would return Meta to the level of staffing it had last year, and said the company can't spend money like before because the cost of capital and interest rates have risen recently. “We believe the recommendations outlined above will result in a leaner, more productive and more focused company — a company that regains its confidence and momentum,” Gerstner resulted his letter. I have to say also, there were a lot of important questions to Meta activity abroad the United States, in addition to the dismal financial performance in 2022. Saying this, I mean that the activities of Meta Platforms Inc, including Facebook and Instagram products, were recognized as extremist and were banned in the Russian Federation under the local court decision, and Meta stocks were uncompromisingly delisted from both Russian trading boards, well known as Moscow Stock Exchange MOEX:MOEX and Saint Petersburg Stock Exchange MOEX:SPBE . In conclusion the rehabilitation path was the one and only - Meta Gotta Have a Mojo! NOWADAYS In nowadays Meta Platforms Inc. NASDAQ:META is the # 1 over the all S&P500 SP:SPX components with 205 percent yearly performance in this time, as Meta stocks were not simply gained, but tripled the price over the past 12 months. Meta reported Q3'23 earnings after the closing bell October 25, 2023 that beat analysts' revenue and profit estimates. The beat was driven by a continued rebound in Meta's advertising business following a sharp slowdown throughout 2022. Meta's guidance on its 2023 and 2024 expenses also hit the sweet spot for investors, as it signaled that it can balance its "year of efficiency" cost cutting efforts while it continues to invest in the Metaverse and Artificial intelligence (AI). According to Forbes Real-Time Billionaire Index Mark Zuckerberg is the 6th richest person in the world today with its $120.0 wealth as of today while Tesla CEO Elon Musk is yet number one in the world with $241.1B wealth. Key facts about Mark Zuckerberg * Mark Zuckerberg started Facebook at Harvard in 2004 at the age of 19 for students to match names with photos of classmates. * He took Facebook public in May 2012; he now owns about 13% of the company's stock, according to the company's 2023 proxy statement. * Facebook changed its name to Meta Platforms in November 2021 in a sign it was shifting the company's focus to the metaverse. * In December 2015, Zuckerberg and his wife, Priscilla Chan, pledged to give away 99% of their Meta stake over their lifetimes. * Mark Zuckerberg born in White Plains, New York in 1984, and in this time 39-years old Mark Zuckerberg is the youngest one over the top 30 richest persons in the world. In conclusion, Will Mark Zuckerberg become the wealthiest person in the world!? Perhaps, Yes. He can. The main technical graph undoubtedly says Meta Inc stocks NASDAQ:META are on the runway to triple the price once again. ========= Dedicated to my beloved newborn son, Mark 💖
NASDAQ:META
by Pandorra
6
MetaBearish divergence on the hourly RSI.. Rising wedge here... Look for price to retest 544 breakout in the coming week or whenever wedge breaks to the down side. Best short entry IMO is either under 564 Or if price retest wedge resistance again. As long as price is inside wedge they can keep grinding this higher 570-585 This the sector of Meta AMEX:XLC Chart is identical to meta because meta is the biggest stock in the sector. Outside weekly bbands and Daily money flow overbought. The sector is ripe for a correction
NASDAQ:METAShort
by ContraryTrader
8