Technical Analysis

Technical Analysis of META Stock

Recent Price Performance

• Last Close Price: $683.37 (as of 2025-02-21)
• Daily Change: -1.62% during regular market hours, with a slight post-market decline of -0.05%.
• 52-Week High: $767.91
• 52-Week Low: $543.62

Key Technical Indicators

• RSI (14): 50.28 (Neutral Zone)
  • Indicates neither overbought nor oversold conditions.
• MACD: 18.88 (Positive), with a histogram of -5.49
  • Suggests weakening bullish momentum.
• Stochastic Oscillator (14,3,3): %K at 28.64, %D at 48.02
  • Indicates oversold conditions, signaling potential for a rebound.
• Bollinger Bands:
  • Lower Band: $631.46
  • Middle Band: $699.69
  • Upper Band: $767.91
  • Current price is near the lower band, suggesting a potential bounce.

Support and Resistance Levels

• Support Levels:
  • $676.27 (Fibonacci S2)
  • $653.90 (Fibonacci S3)
• Resistance Levels:
  • $712.45 (Pivot Point)
  • $734.82 (Fibonacci R1)
  • $748.64 (Fibonacci R2)

Trend Analysis

• META has been in a consolidation phase after reaching its recent highs. The price is currently testing support levels near $683, which aligns with the lower Bollinger Band and Fibonacci S2. A break below this level could lead to further downside toward $653.90.

Price Projection

• Bullish Scenario: If the stock rebounds from current support, it could target $712.45 (Pivot) and $734.82 (Fibonacci R1).
• Bearish Scenario: A breakdown below $676.27 could lead to a decline toward $653.90.

Recommendation

Based on the current technical setup:

• Buy: If the stock holds above $676.27 and shows signs of reversal (e.g., RSI moving upward or MACD histogram turning positive).
• Sell: If the stock breaks below $676.27 with strong volume, indicating further downside potential.