Facebook Stock Technical Analysis: Facebook (Meta) stock is trading in a clear downward trend today, recording a high of 610.64 and a low of 579.16. The stock is currently trading around 585.44, reflecting strong selling pressure and a bearish trend dominance during the session.
Facebook Stock Technical Analysis: Price Analysis
- Today’s High: 610.64
- Today’s Low: 579.16
- Current Trading Price: 585.44
The stock is showing strong market volatility, with prices heading towards testing key support levels. Current trading below the 590 level reflects the stock’s attempt to stabilize after a sharp decline, but selling pressure remains dominant.
Technical Analysis:
- Moving Averages:
Trading below the moving averages is a strong negative signal, supporting the possibility of a continuation of the downward trend. This indicates that the overall market momentum favors sellers, with no strong technical support in the short term. 2. MACD Indicator:
The MACD indicator is showing a negative signal, reflecting continued selling pressure and a dominant downtrend. This increases the likelihood of a continued decline in the short term.
Trading Expectations:
- Bearish Scenario:
If selling pressure persists, the stock may move towards testing the nearby support level at 573.19. If this level is broken, the stock may decline to the target area of 558.38.
- Bullish Scenario:
In case the stock rebounds, the 600.15 level will form initial resistance, followed by the 610 level (the day’s high). However, this scenario appears less likely given the current selling dominance.
Trading strategies based on Buy/Sell levels
| Facebook Stock | In case of buying | in case of selling |
| Entry point | 600.15 | 573.19 |
| Target Point 1 (TP1) | First resistance: 611.51 | First support: 558.38 |
| Target Point 2 (TP2) | Second resistance: 617.25 | Second support: 550.74 |
| Stop Loss (SL) | 573.19 | 600.15 |
Facebook stock is showing a clear downtrend today, supported by prices trading below their moving averages and negative MACD signals. Traders are advised to exercise caution and adopt a sell-on strategy with careful risk management, especially amid ongoing selling pressure. Nearby support levels at 573.19 and 558.38 could be key milestones for the stock’s movement in the coming period.
