Stock Price Chart of META
Price Prediction of META
Based on the provided data and current market conditions, let me analyze META's price movement and provide a prediction for next week.
Technical Analysis
The current RSI(14) at 44.14 indicates META is approaching oversold territory but not yet at extreme levels. The stock is trading near its 20-day moving average of $601.29, suggesting a neutral short-term trend. The MACD at 6.99 shows positive momentum, though weakening recently.
News Sentiment Analysis Recent news indicates mixed sentiment:
- Meta is facing increasing competition in the AI space, particularly from xAI and Anthropic
- The company has ceded some market share in enterprise AI, declining from 50% to 34%
- Meta showed slight gains (0.1%) after favorable inflation data, despite broader market concerns about government shutdown
Fibonacci Levels for Next Week Key price levels to watch:
- Resistance: R1: $632.42, R2: $645.13, R3: $665.70
- Support: S1: $591.27, S2: $578.56, S3: $557.99
- Pivot: $611.84
Price Prediction for Next Week Based on technical indicators and news sentiment:
- Base case (60% probability): META likely to trade between $591-$632, with initial support at $591.27
- Bullish case (25% probability): Break above $632.42 could push price toward $645
- Bearish case (15% probability): Break below $591.27 might test $578.56
Trading Recommendation HOLD with potential to BUY at support levels. Consider entering positions near $591-$595 range with stop loss below $578.56.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Markets are inherently risky, and past performance does not guarantee future results. Please conduct your own research and consult with a financial advisor before making investment decisions.