Technical Analysis: META's stock shows strong momentum with current price at $646.20. The stock is trading above both 20-day SMA ($611.69) and 60-day SMA ($595.97), indicating a bullish trend. RSI at 64.79 suggests room for further upside before reaching overbought territory.
News Impact:
Price Projection for Next Week: Based on Fibonacci levels:
Trading Recommendation: BUY with target price of $658.85 (R2) for next week based on:
Set stop loss at $595.40 (S1) to manage downside risk. The risk-reward ratio is approximately 1:2.5, making this an attractive trading setup.
The price of META is predicted to go up 5%, based on the high correlation periods with SKLZ. The similarity of these two price pattern on the periods is 90.81%.
META
SKLZ
Year
META Price Forecast($)
Potential Return(%)
2025
660.000
9.160
2026
720.000
19.080
2027
850.000
40.580
2028
900.000
48.850
2029
1,200.000
90.420
2030
1,200.000
90.420
With more users and usage time than any other social network, Meta provides the largest audience and the most valuable data for social network online advertising.
Meta's ad revenue per user is growing, demonstrating the value that advertisers see in working with the firm.
The application of AI technology to Meta's various offerings, along with the launch of VR products, will increase user engagement, driving further growth in advertising revenue.
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