Facebook Stock Technical Analysis: S-FB stock has witnessed a strong downward trend recently, with selling pressure continuing to dominate the overall trend. Recent candlesticks have shown an attempt at an upward correction, but prices are still trading below the moving averages, reflecting weak buying momentum compared to previous selling momentum.
Economically, the market remains under the influence of expectations of higher US interest rates, along with a decline in risk appetite in global markets. Developments in the technology sector and corporate earnings also directly influence the stock’s movements.
Facebook Stock Technical Analysis: Technical Analysis
Using Moving Averages and the MACD Indicator
General Trend:
- The general trend remains downward in the short and medium term.
- All moving averages are trending downward, reinforcing the negative outlook for the stock.
Average Analysis:
- The price is currently below all moving averages, which supports the continuation of the downward trend.
- The shorter-term moving averages (20 and 50) form dynamic resistances close to the current price, making any upward attempt difficult.
MACD and Stochastic Indicators
- The MACD remains in the negative zone, with the two lines converging, indicating weak downward momentum and an attempt at an upward correction.
- The Stochastic is moving in the overbought zone (above 70), which may indicate the near end of the corrective movement and a return to the downside.
Future Outlook
- If the corrective rebound continues, the stock may test the resistance zone of 559.09 – 568.72, which represents a strong barrier for buyers.
- If the upward trend fails and selling pressure continues, a break of the support at 531.66 will open the way towards 517.57 and then 510.77.
Trading strategies based on Buy/Sell levels
| Facebook Stock | In case of buying | in case of selling |
| Entry point | 559.09 | 531.66 |
| Target Point 1 (TP1) | First resistance: 568.72 | First support: 580.48 |
| Target Point 2 (TP2) | Second resistance: 574.52 | Second support: 510.77 |
| Stop Loss (SL) | 531.66 | 559.09 |
S-FB stock reflects a negative trading environment with a predominantly downward trend, supported by technical indicators and the general economic climate. Traders prefer to wait for selling opportunities at rebounds from resistance levels. The market remains under the influence of anticipation of major corporate earnings and US monetary policy directions, which reinforces the need for caution and confirmation of technical signals before entering any trade.
