Facebook Stock Technical Analysis : Facebook Rise

Facebook Stock Technical Analysis: Facebook stock is trading in an upward trend today, currently recording a price of $570. The stock witnessed its highest price today at $575 and its lowest price at $568. This movement shows a cohesion in prices, indicating an attempt to hold on to the upward trend.

Facebook Stock Technical Analysis: Technical Analysis

  • Moving Average Indicators: Trading above the moving averages enhances the strength of the upward trend, reflecting confidence in the continuation of this momentum.
  • MACD Indicator: The MACD indicator shows a positive trend, but indicates a slight decline in the strength of the trend. This weakness may require close monitoring to identify any potential opportunities for correction or decline.

Trading Forecast for Today

Facebook stock is expected to continue its upward trend in the coming hours, with the possibility of price fluctuations. It is recommended to monitor the support levels at $568 and the resistance at $575 to determine the future direction.

Facebook Stock Technical Analysis

Trading strategies based on Buy/Sell levels

Facebook Stock In case of buying           in case of selling
Entry point 575 562
Target Point 1 (TP1) First resistance: 584 First support: 557
Target Point 2 (TP2) Second resistance: 590 Second support: 552
Stop Loss (SL) 562 575

 

Facebook stock remains in an uptrend, with signs that the trend will continue. It is important to follow technical indicators and relevant news to ensure informed trading decisions.

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