Facebook Stock Technical Analysis: Today, the Facebook (Meta) stock market is witnessing a noticeable upward trend, as the stock is trading in a wide price range, reflecting investor confidence and high buying demand. The stock has achieved its highest trading price so far at $615, while it recorded its lowest price at $601, to currently trade at $613.
Facebook Stock Technical Analysis: Analysis of Trading Prices
By analyzing the price movement, it appears that the stock is trading above the short- and long-term moving averages, which reinforces the upward trend and suggests strength in the current trend. This behavior is a positive sign of confidence in the stock movement and support for the current price level, with the likelihood of continuing the upward movement as long as the stock maintains its trading above these levels.
Technical Analysis
Moving Averages: The moving averages show clear positive signals, as prices are trading steadily above the moving averages for both the short and long periods. This indicates that the current momentum is in favor of the uptrend, with no negative signals appearing on the chart at the moment.
MACD Analysis: The MACD indicator indicates a positive trend.
as it shows a bullish crossover between the two lines (MACD and Signal Line).
which reinforces expectations of a continuation of the upward trend in the short term. The value of the line above zero is considered an additional support signal for investors in the upward trend.
Trading Expectations:
With continued trading above the moving averages and the increasing upward momentum reflected by the MACD indicator, the stock is expected to witness further price improvement in the short term. The stock may witness attempts to break new resistance levels, especially if the positive momentum continues.
Trading strategies based on Buy/Sell levels
| Facebook Stock | In case of buying | in case of selling |
| Entry point | 618 | 604 |
| Target Point 1 (TP1) | First resistance: 625 | First support: 600 |
| Target Point 2 (TP2) | Second resistance: 638 | Second support: 595 |
| Stop Loss (SL) | 604 | 618 |
Based on the technical analysis of the stock using moving averages and the MACD indicator, it is clear that the upward trend of the stock is strongly supported.
which reinforces the expectations of continuing this trend in the near future. If the stock breaks new resistance levels, we may see further price improvement in the short term.
