Facebook Technical forecast. Meta stock (symbol: #S-FB) has been trading on a general upward trajectory since the beginning of May, supported by positive earnings results and continued market interest in the artificial intelligence and digital advertising sectors. However, the stock has experienced some technical decline in recent sessions after approaching historical resistance, leaving traders in a position of anticipation before the end of the week.
Facebook Technical forecast : Technical overview:
Meta stock is currently trading at $641.25, having failed to surpass the strong resistance at 645.66. The price is moving within an ascending channel, but it has begun to trend sideways on the hourly (H1) chart, reflecting a slowdown in the upward momentum. The current decline remains corrective as long as the price remains above the support at 638.00.
Facebook Technical forecast : Technical Indicators Analysis:
- MACD: Showing a slight negative crossover with weak momentum, which may indicate continued volatility before a new trend is established.
- Stochastic: Has exited the overbought zone and is trending downward, reflecting a temporary weakness in demand.
- Moving Averages (20/50/100): The price is still above these areas, but they have begun to oscillate horizontally, reflecting the market entering a waiting phase.
Bullish Scenario:
- If the stock manages to hold above $638.00 and return to test 645.66, a break above this barrier will push the price towards 652.90 and then 658.30 in the short term.
- Any daily close above 658.00 will restore the full upward momentum and position the stock for a new high.
Bearish Scenario:
- If the 638.00 support is broken, selling pressure may increase, pushing the stock towards 632.30.
- A break of this level will open the way for a broader correction to 624.80.
Trading strategies based on Buy/Sell levels
| Facebook Stock | In case of buying | in case of selling |
| Entry point | 645.66 | 632.29 |
| Target Point 1 (TP1) | First resistance: 658.13 | First support: 618.04 |
| Target Point 2 (TP2) | Second resistance: 668.00 | Second support: 600.00 |
| Stop Loss (SL) | 632.29 | 645.66 |
Meta stock is moving within a narrow range within a general uptrend, and the market appears to be awaiting a clear catalyst to move the stock out of this range. Continued stability above 638.00 supports attempts to rise again to breach 645.66, while a break below will open the way for a broader correction. Traders are advised to monitor the stock’s behavior at the aforementioned pivotal levels, especially in conjunction with the release of influential US data today.
Impactful Economic News – Friday, May 23, 2025:
- United States:
- The release of the Purchasing Managers’ Index (PMI) for the manufacturing and services sectors, which could impact the technology sector and investor behavior in growth stocks.
- Investors are also monitoring statements from competing AI companies, which could impact Meta’s valuation in the short term.
