Facebook Stock Technical Analysis: Facebook (Meta) stock is trading in an uptrend today, with the stock recording its highest price so far at 614.16 and its lowest price at 609.24. Currently, it is trading at 610.85. The current price action indicates bullish momentum, reflecting an improvement in investor sentiment.
Facebook Stock Technical Analysis: Price Analysis
The stock price is trading above key support levels, reinforcing the uptrend at the moment. Trading above these levels supports the possibility of continuing the rise towards the next resistance levels. If the stock continues in this direction, it may witness further rises towards 614.16 or higher.
Technical Analysis
Moving Averages: Trading above the key moving averages indicates that the uptrend is currently prevailing. This reflects the continuation of the positive momentum in the stock. The moving averages indicate continued support for the stock as long as prices remain above these levels.
MACD Indicator Analysis: The MACD indicator is indicating a positive trend, as it is moving in the positive zone, reflecting the bullish momentum in the market. This signal confirms that the bullish trend is ongoing, and the buying momentum is likely to continue supporting the stock’s upward movement as long as the indicator remains in the positive zone.
Future Market Outlook:
Facebook stock is expected to continue its bullish trend in the near term as the price is trading above the moving averages and the positive signal from the MACD indicator. If the stock continues to maintain its trading above the current support levels such as 609.24, it is likely to witness further increases towards higher resistance levels.

Trading strategies based on Buy/Sell levels
Facebook Stock | In case of buying | in case of selling |
Entry point | 614.16 | 604.94 |
Target Point 1 (TP1) | First resistance: 618.46 | First support: 602.07 |
Target Point 2 (TP2) | Second resistance: 622.10 | Second support: 597.78 |
Stop Loss (SL) | 604.94 | 614.16 |
The current technical outlook suggests that the Facebook stock will continue its upward trend, as the price is trading above the moving averages and the MACD indicator confirms the positive trend. The stock is likely to continue making additional gains as long as the bullish momentum continues to dominate, with key support levels such as 609.24 being the focus to maintain this trend.