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META trade ideas

Bearish on META on high time frame. Every 3 years since 2018 we are presented with a bearish RSI divergence on the weekly chart, followed by a dump of epic proportions. Will 2024 be different? Since Feb 2024 we have had two island reversals set up on the daily. On Friday, we rallied to close the gap from below and proceeded to close the day below prior day high. Monthly chart shows decreasing volume. Weekly chart shows aggressive selling for two weeks now. Monthly close below $470ish and it's not looking good for bulls. Not financial advice. Happy trading.
NASDAQ:METAShort
by BartChartski
META Price Is Holding Around a Key Support Level.META Price Is Holding Around a Key Support Level. But for How Long? According to TipRanks, the average target price for META, as forecasted by Wall Street analysts, is $537.41 (a 12.94% increase from current levels) over the next 12 months. However, not all analysts remain positive. Craig Johnson, Chief Market Technician at Piper Sandler, issued a warning about the future of the "Magnificent Seven" stocks, which include Microsoft (MSFT), Apple (AAPL), NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Amazon.com (AMZN), and Alphabet Inc. (GOOG and GOOGL). "These charts are reversing, and they need further correction," he said on CNBC's Last Call programme. Indeed, the market is sending alarming signals regarding the leaders. Yesterday, we wrote about the increasing signs of bearish aggression on Nvidia's stock chart; today, we'll assess the price action of Meta Platforms Inc. Technical analysis of META's daily chart shows that since the second half of last year, the price action is best described by an upward trend (indicated by the blue channel). However: → The price has fallen into the lower half of the channel, and the median shows signs of resistance (judging by the price action from 8-10 July). → The formation of peaks A-B-C indicates a worrying trend: the price is unable to consolidate at the achieved peaks. We see only a slight excess over the previous maximum – a sign of bullish uncertainty. → Meanwhile, the bears are aggressive. Look at the bearish gaps (shown with red arrows) in July. How might the situation develop further? Currently, the META stock price is holding around the lower boundary of the trend channel, which is reinforced by the $455 level that previously acted as support (shown with blue arrows). But, given the aggressive activity of the bears, it is reasonable to assume that the lower boundary is under significant pressure. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:META
by FXOpen
2
Long META @498.87-oversold and it doesn't usually stay that wayFull disclosure: I'm not making this trade. That said, here's my case for it and what I'd do if I did. META almost never stays oversold more than a day or two. In fact, if I couldn't get a sub-499 fill I would def not chase it because likely I already missed the move for this kind of quick trade. Best hope would be a general market malaise Monday to get in at this point - and I think we may get that. More on why later. The other reason I wouldn't chase is it isn't generally a big win doing what I'd do here. Holding until overbought normally produces a 5-8% gain, which is fine. But META is prone to big moves in either direction on earnings and I don't like to mess with that, so with earnings being soon, this is an in and out trade and getting a good entry price is more important in this situation. So, I'd get in at Friday's closing price or lower, and get out as soon as the trade is positive. A day or two usually. By the end of the week almost always. I would add if it stays overbought because the last time it was overbought for more than 4 straight days was about 2 years ago. It's maybe a percent or two gain, but it's a pretty reliable trade lately with a high win rate so I'll pocket a quick profit and move on. This entry-exit technique is 22-2 over the last year with an average return of just under 1% and an average holding period of just under 2 days. The two losing trades were both less than 1%, so I view this as a relatively "safe" trade as well. It's just not that profitable, so it may not be worth the trouble. If I wanted to roll the dice close to earnings, I could wait until it's overbought and profitable to sell. I didn't do the average return math on that, but all 24 trades were profitable doing that, and the return is higher - 5 to 8% or so just estimating. Actually, I think I just talked myself into the trade. We'll see what Monday brings. I have a feeling it could be a down day, especially with somebody taking shots at Trump today. I assume markets don't like attempted assassinations of Presidential candidates, especially not in the divisive political climate we have now and political violence becoming more normalized by the day. That's bad for democracy and bad for business long term I think. I hope I'm wrong about the market response to it. If the market sells off hard at the open I'd wait either until the end of the day to get it lower, or catch it at Friday's closing price coming up from the lower open if that's what happens. Whatever I decide to do I'll update it. Have a good weekend!
NASDAQ:METALong
by redwingcoach
levels to manage $META into its earningHere's a quick summary of the latest news about Meta this week: 1. **Llama 3 400B Release**: Meta is set to release the Llama 3 400B AI model next week. This model is expected to outperform competitors like Google's Gemma and Anthropic's Claude Sonnet¹. 2. **Stock Performance**: Meta Platforms' stock hit a 52-week high of $542.81 on July 8th, closing at $529.32. This marks a significant year-to-date increase of 49.5%². 3. **Mass Layoffs**: Meta is reportedly planning mass layoffs, which will impact thousands of employees. This would be the largest round of layoffs in the company's history⁶. Is there a specific aspect of Meta's news you'd like to dive deeper into? Source: Conversation with Copilot, 7/18/2024 (1) Meta to drop Llama 3 400b next week — here’s why you should care. www.msn.com (2) Meta Platforms Hits 52-Week High: What's Next for META Investors?. markets.businessinsider.com (3) Meta is reportedly announcing mass layoffs this week. mashable.com (4) Apple, Microsoft, Meta, Google Stocks Hit 52-Week Highs: Which Is The Best Investment?. markets.businessinsider.com (5) Meta Platforms, Inc. (META) Latest Stock News & Headlines - Yahoo Finance. finance.yahoo.com (6) Latest Meta Company News | Meta - About Facebook. about.fb.com
NASDAQ:METALong
by KhanhC.Hoang
Meta Platforms Unpacking Growth Potential Amidst Market HeadwindMeta Platforms presents a compelling case study for investors navigating a dynamic market environment. While robust analyst expectations for earnings growth paint a promising picture, recent stock price performance has lagged behind broader market trends. The key factors influencing Meta's trajectory, include: Market Underperformance: Meta's stock has exhibited relative weakness compared to the S&P 500 and the technology sector. Encouraging Earnings Forecasts: Analysts anticipate significant year-over-year growth in both EPS and revenue. Strategic Growth Initiatives: Meta's substantial investments in artificial intelligence (AI) and virtual reality (VR) technologies position the company for future expansion. Regulatory Landscape: The company faces potential headwinds from regulatory hurdles in Brazil and the possibility of stricter antitrust enforcement. Politically Charged Environment: The reinstatement of former President Trump's social media accounts adds a layer of complexity to Meta's public relations strategy. Financial Strength: Meta boasts a robust balance sheet with a high gross profit margin, demonstrating a strong financial foundation. Undervaluation Potential: Meta's current P/E and PEG ratios suggest potential undervaluation relative to its projected earnings growth. Key Discussion Points Will Meta's upcoming earnings report on July 31st meet or exceed analyst expectations? How will regulatory developments in Brazil and potential antitrust actions affect Meta's operations? Can Meta successfully translate its AI and VR investments into tangible revenue streams? To what extent will the evolving political climate impact Meta's user base and advertising revenue? Based on Meta's financial health and growth prospects, does the current stock price represent an attractive entry point?
NASDAQ:METAShort
by signalmastermind
OverstrechedMeta is strong - to strong. It has been rising for 2 years without a major correction. There was a correction of this year's rise at least and now we are trying to retest this year's high again. I expect this test to fail despite there is still some momentum. The correction is required to get the market clean of the "weak hands" which hamper the finding of a fair value of the stock. This correction may be long sideward movement. But with a change of the overall market sentiment a certain Fibonacci retracement may be expected. Meanwhile the April decline has been retracedit may be the right time of another fall to begin.
NASDAQ:METAShort
by motleifaul
META Double Top?META has been one of the strongest stocks in the market since it bottomed in 2022. It was one of the most impressive rallies I have ever seen, but it has slowed since topping out earlier in the year. Still very strong, but not not quite the same as it has been over the last couple of years or so in my opinion. META broke above an ascending wedge and held nicely on a retest, sending it back near ATH. However, it is has had some bearish breaks and on Friday it rejected perfectly on a retest of a previous uptrend it had broken below. This is setting up for a potential double top at ATH, marking a major top for META that could last for months or years to come. I'll be watching to see if it can hold the trendline from the ascending wedge on a retest or if it falls below. If it falls below, it could accelerate quickly. My first target would be the ATH from 2021 around $386. It could get even worse from there, but I think we should wait until that happens and expect it to bounce there until it doesn't. If no downside break, I'd expect more upside if it can break above ATH and remain above.
NASDAQ:METAShort
by AdvancedPlays
A very clear sell signal in META. Can fall 25-40% in 3-6 months.The share has increased fivefold in the past two years, but now the technical picture for the share signals that a major downward correction (25-40%) may come for the share in the next 3-6 months. Technical Analysis of Meta Platforms Inc. (ticker on Nasdaq: META) In the last week now in the weekly chart, the meta share has triggered a technical sell signal from a marked Bearish Engulfing in the Candlestick weekly chart. There has also been a break down through the lower trend line some time ago in the steeply rising trend that started in autumn 2022. The share has increased fivefold in just under two years, and now the peak may have been reached, at least for a while and as the technical picture now signals for the share. Various momentum indicators such as MACD, Stochastics and RSI (on a weekly basis) all signal that the share is now probably facing a major downward correction in the next 3-6 months. First important technical support level will be around USD 380.00 and then next important technical support level is around USD 300.00. The stock ended Friday at around USD 499.00. It could thus be headed for a major and strong downward correction for the Meta share during the next 3-6 months, and then preferably down to between USD 300.00 - 380.00. Such bearish engulfing sales signals, and as we see here and in the weekly chart, which now for the Meta share give a fairly clear signal that a major correction is on the way. So no one should be very surprised if the META-stock undergoes a sharp correction from today's USD 499.00 down to around USD 300.00 - 380.00 in the next 3-6 months. It could therefore move towards a correction of between 25-40% in the next 3-6 months. Please don't shoot the messenger. This is just what the weekly charts now say about what we can expect from price development for the META share over the next 3-6 months.
NASDAQ:METAShort
by StockCharts365
3
Meta PlatformPrice is at strong support as per the daily chart and also in lower time frame. Movement will be good if price gains volume strength. 500 zone is the trend deciding zone, Buy above 502 with the stop loss of 498 for the targets 506, 510, 514 and 518. Sell below 494 with the stop loss of 498 for the targets 490, 486, 482 and 478. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NASDAQ:META
by vanathi
META: Hourly / Daily Charts Analysis.The META chart illustrates a dynamic interplay between bullish and bearish signals across both the daily (1D) and hourly (1H) timeframes. On the daily chart, META has been in an upward trend since early May, as evidenced by the rising trend line and consistent support from the 21-day EMA, currently at $512.02. The price recently experienced a pullback after a robust rally, with the latest candlesticks showing signs of consolidation above the trend line. This pullback is typical in strong uptrends and often presents buying opportunities if the price finds support and resumes its upward trajectory. However, a close below the trend line and the 21-day EMA could indicate a potential trend reversal or a deeper correction. The hourly chart reveals a more immediate bearish development. META recently triggered a bearish pivot point at $526.66, indicating a potential short-term reversal. This pivot point was followed by a decline, suggesting that sellers have gained temporary control. Additionally, the formation of a descending trend line on the hourly chart reinforces the bearish outlook in the short term. The price is currently trading below the 21-hour EMA, adding to the bearish sentiment. This scenario reinforces the thesis of a pullback, and the 21-day EMA, along with the trend line are its next technical support levels. However, this doesn’t bring a mid-term reversal yet, as we would need to miss these support levels to actually reject the bullish bias. In conclusion, while the daily chart of META shows an overall bullish trend supported by a rising trend line and the 21-day EMA, the hourly chart indicates a short-term bearish pivot point and a descending trend line. For a bullish continuation, the price needs to hold above the daily trend line and 21-day EMA, potentially offering a buying opportunity on a bounce. Conversely, a break below these levels on the daily chart, coupled with the bearish signals on the hourly chart, could indicate further downside pressure. Monitoring these key levels and signals will be crucial for determining the next move for META, and when will be its next buying opportunity. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:META
by Nathan_The_Finance_Hydra