Facebook Stock Technical Analysis: Facebook (Meta) stock is trading in a downtrend today, with the stock recording its highest price so far at 704.31 and its lowest price at 692.91. Currently, the stock is trading at 694.56, reflecting the continued negative pressure on the stock in the current trading session.
Facebook Stock Technical Analysis: Trading Price Analysis
It is noted that the stock is trading below the moving averages, indicating that the general trend of the stock is currently down. This indicates weak upward momentum and an increased possibility of the downward movement continuing during the current period.
Technical Analysis:
Technically, the MACD indicator is showing negative signals confirming the downtrend. The indicator indicates that the negative momentum is strong and that there is a possibility of continued pressure on the stock in the near term, with the possibility of testing lower support levels.
Future Outlook:
If the stock continues to trade below the moving averages, it is expected to continue the downtrend, with the possibility of testing lower support levels. Traders should keep an eye on any changes in price action or news that may affect the direction of the stock.
Trading strategies based on Buy/Sell levels
| Facebook Stock | In case of buying | in case of selling |
| Entry point | 706.59 | 687.21 |
| Target Point 1 (TP1) | First resistance: 714.57 | First support: 676.38 |
| Target Point 2 (TP2) | Second resistance: 719.55 | Second support: 670.48 |
| Stop Loss (SL) | 687.21 | 706.59 |
Based on the current technical analysis, Facebook stock is trading in a downtrend, with prices trading below the moving averages and negative signals from the MACD indicator. The downside pressure on the stock is expected to continue in the near term, unless strong signals support a shift to the upside.
