Facebook Stock Technical Analysis: Facebook (Meta Platforms Inc.) stock has been showing volatile trading during the current session, reaching a high of $614.57 and then a low of $599.87. It currently holds around $602.05. This performance reflects a weak uptrend amid the absence of strong buying momentum.
Facebook Stock Technical Analysis: Technical Analysis
Moving Averages Indicate Upward Resistance:
- The stock is trading below several major moving averages, indicating weak momentum.
MACD Reinforces Weak Positive Trend:
- The MACD is showing weak positive signals, trading near the zero line.
- Weak momentum indicates the potential for continued volatility within a narrow range before establishing a clear direction.
- Any improvement in the index’s momentum could support attempts to rise towards $621.12.
Facebook Stock Trading Strategy Today
Bullish Scenario (If Momentum Improves):
- Buy Entry: When the stock rebounds from $610.25.
- Targets: $627.25 → $621.12.
- Stop Loss: Below $590.51.
Bearish Scenario (If Support is Broken):
- Sell Entry: When $590.51 is breached.
- Targets: $575.12 → $580.48.
- Stop Loss: Above $610.25
Trading strategies based on Buy/Sell levels
| Facebook Stock | In case of buying | in case of selling |
| Entry point | 610.25 | 590.51 |
| Target Point 1 (TP1) | First resistance: 621.12 | First support: 580.48 |
| Target Point 2 (TP2) | Second resistance: 627.25 | Second support: 575.12 |
| Stop Loss (SL) | 590.51 | 610.25 |
Facebook (Meta) stock is showing a weak uptrend, supported by weak positive MACD signals, but is facing resistance from the moving averages. $610.25 remains a crucial support level, and a break above it could reinforce the downside.
