Facebook Stock Technical Analysis: Facebook stock is trading in an uptrend today, having recorded a high of $599 per share and a low of $591, and is currently trading at $595.
Facebook Stock Technical Analysis:
Price action indicates trading above the moving averages, which supports the uptrend. The MACD indicator is also showing the beginning of a positive trend, reflecting an increase in bullish momentum.
Forecast:
If the stock continues this uptrend, it may surpass the $599 level, which may open the way for further gains. It is important to monitor the support levels at $591, as a break of this level could lead to a potential correction.
Trading strategies based on Buy/Sell levels
| Facebook Stock | In case of buying | in case of selling |
| Entry point | 598 | 588 |
| Target Point 1 (TP1) | First resistance: 605 | First support: 584 |
| Target Point 2 (TP2) | Second resistance: 610 | Second support: 580 |
| Stop Loss (SL) | 588 | 599 |
Facebook stock appears to be in a positive mood supported by strong technical indicators. Traders should follow economic developments and news related to the company to ensure informed trading decisions.
