Facebook Stock Technical Analysis: Facebook (META) stock is witnessing a downward movement during today’s trading, as the stock recorded its highest price at $555 and its lowest price at $550, to currently trade at $552. These movements indicate a clear decline from today’s highs, with a clear tendency towards the downside.
Facebook Stock Technical Analysis: Technical Analysis
We notice that the stock is currently trading below the main moving averages, reflecting the weakness of the upward momentum and warning of the possibility of the downward trend continuing. Trading prices below these moving averages is a negative sign indicating that the market may face strong resistance to any attempts to rise.
As for the MACD indicator, it is showing negative signals.
as the indicator has begun to move below the zero line, reflecting the weakness of the upward momentum and the momentum shifting towards the negative direction. These negative signals support expectations of further decline in the price in the short term.
Possible Future of the Stock:
If the stock continues to trade below the moving averages, it is likely to continue declining towards the next support levels. The stock may face strong support at the $550 level, and if it breaks this level.
it may head towards testing $545 and then $540 as potential targets in the near term.
Trading strategies based on Buy/Sell levels
| Facebook Stock | In case of buying | in case of selling |
| Entry point | 557 | 549 |
| Target Point 1 (TP1) | First resistance: 561 | First support: 545 |
| Target Point 2 (TP2) | Second resistance: 566 | Second support: 539 |
| Stop Loss (SL) | 549 | 557 |
The current technical analysis suggests that the bearish trend is prevailing on Facebook (META) stock supported by the price trading below the moving averages and negative signals from the MACD indicator. If the stock continues in this negative trend, it is expected to witness further decline towards lower support levels. It remains important to monitor key support levels such as $550 and $545 to determine the strength of the downward move in the future.
