Facebook Stock Technical Analysis: Facebook stock is trading today in a downtrend, weak as it shows some weakness in the downward momentum. The stock recorded a high trading price for the day at 609 and a low at 601, while it is currently trading near the 603 level. This indicates that the stock is moving within a narrow range, with a decline in the upward momentum and the emergence of selling pressure in the market.
Facebook Stock Technical Analysis :Analysis of Trading Prices
The stock continues to trade below the main moving averages, which supports the downtrend. Trading below these averages reflects the dominance of selling forces on the stock and indicates weakness in the upward momentum. This signal indicates that the general trend of the stock is still down.
Technical Analysis
Moving Averages: Trading below the moving averages reinforces the negative outlook and confirms the downtrend. We are likely to see further declines towards lower support levels if the stock continues to trade below these averages. This can be a strong indicator of weak upward momentum and the need for the stock to correct or move sideways.
MACD Indicator: MACD indicator indicates a negative trend, as it shows a decline in buying momentum with a negative crossover between the MACD line and the signal line. This signal confirms that the general trend of the stock is negative, with a weakness in the upward momentum, which enhances the continuation of selling pressure on the stock.
Today’s outlook:
The downtrend is expected to remain dominant in the coming hours.
especially if the stock continues to trade below the moving averages. The next support levels may be near 601 or below, while weak momentum may lead to some volatility or temporary correction in prices.
Trading strategies based on Buy/Sell levels
| Facebook Stock | In case of buying | in case of selling |
| Entry point | 613 | 600 |
| Target Point 1 (TP1) | First resistance: 617 | First support: 592 |
| Target Point 2 (TP2) | Second resistance: 625 | Second support: 581 |
| Stop Loss (SL) | 600 | 613 |
The bearish trend remains dominant for Facebook stock today, supported by the price trading below the moving averages and the MACD indicator indicating weak upward momentum. The overall outlook remains negative with the possibility of testing lower support levels in the near term.
but any corrections or oscillations that may occur as a result of the weakness in the downtrend should be monitored.
