Facebook Stock Technical Analysis: Meta’s stock movements today coincided with the continued flow of technology sector news, especially after last week’s US jobs report, which reinforced expectations that the Federal Reserve would keep interest rates unchanged for a longer period. This data impacted risk appetite, giving technology stocks buying momentum at the start of today’s session.
The stock began trading today at 569.24, reaching a high of 587.54 and a low of 565.65. The current price is trading at 585.27, reflecting strong demand and a clear improvement in positive momentum.
Facebook Stock Technical Analysis: Meta Stock Technical Analysis for the H1 Timeframe
General Trend: Potential Upward Reversal After Breaking Resistance
The stock has witnessed a strong upward movement after a long period of decline, breaking through important resistance levels at 557.50 and then 570.00, and is currently targeting higher resistance levels to confirm a change in trend. • Technical Indicators:
MACD: Indicates a clear positive crossover, with the bars moving above the zero line, reflecting the beginning of a new buying wave.
Stochastic: Appears in the overbought zone, requiring monitoring for potential short-term corrections, but does not negate the current uptrend.
Moving Averages: The stock has breached the short-term and intermediate moving averages (EMA 20, 50, and 100), reinforcing the signal of a trend reversal from bearish to bullish.
Trading Outlook
- Positive Scenario: Continued trading above 599.18 may open the way for a test of 620.02 and then 630.55, supported by positive momentum.
- Negative Scenario: If the price fails to surpass 599.18, the stock may experience profit-taking, leading it back to test the 557.50 area as an initial support level.
Trading strategies based on Buy/Sell levels
| Facebook Stock | In case of buying | in case of selling |
| Entry point | 599.18 | 557.50 |
| Target Point 1 (TP1) | First resistance: 620.02 | First support: 540.57 |
| Target Point 2 (TP2) | Second resistance: 630.55 | Second support: 533.22 |
| Stop Loss (SL) | 557.50 | 599.18 |
The current momentum is supported by intertwined technical and economic factors.
and the stock is showing signs of a real trend reversal after a long correction period. Traders are advised to monitor the movements closely, especially as the price approaches critical resistance levels that may determine the next direction.
