META PLATFORMS INC-CLASS A (META)
US30303M1027 - Common Stock
We assign a technical rating of 7 out of 10 to META. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
META is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the yearly performance of all stocks, we notice that META is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by META over the past year are nicely spread over this period.
META is part of the Interactive Media & Services industry. There are 72 other stocks in this industry. META outperforms 84% of them.
META is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so META is lagging the market slightly.
META has an average volume of 12296300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Besides having an excellent technical rating, META also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 559.11, a Stop Loss order could be placed below this zone.
More info and screens
481.64
601.91
When analyzing the support we can see 4 important areas.
- A support zone ranging from 554.07 to 559.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @539.35 from a trend line in the weekly time frame.
- Support @495.00 from a trend line in the weekly time frame.
- Support @486.50 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 571.27 to 574.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 595.94 to 595.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.2
Mansfield0.39
10 Day High599.66
10 Day Low549.05
20 Day High601.2
20 Day Low549.05
52 Week High602.95
52 Week Low313.66
Performance
1 Week-2.44%
2 Weeks-4.84%
1 Month-0.83%
3 Month6.65%
6 Month17.75%
12 Month66.48%
2 Year376.79%
3 Year73.55%
5 Year179.26%
10 Year624.7%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-2.61
RSI(14)45.33
LBB547.8
UBB596.42
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 574.05 | 554.06 | 19.99 (3.48%) | 25.00% |
| An entry @574.05. This is a Buy Stop order right above the resistance zone. | An exit @554.06. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 19.99 points, which is 3.48%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.87%. |
- The distance between exit and entry is rather small compared to the average daily movement of META. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
META PLATFORMS INC-CLASS A
NASDAQ:META (11/21/2024, 8:00:01 PM)
Premarket: 559.66 -3.43 (-0.61%)563.09
-2.43 (-0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-0.43%
1 Week-2.44%
2 Weeks-4.84%
1 Month-0.83%
3 Month6.65%
6 Month17.75%
12 Month66.48%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)14.46
ATR(20)%2.63%
ATR Inc
Range Today20.95
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High599.66
10 Day Low549.05
20 Day High601.2
20 Day Low549.05
52 Week High602.95
52 Week Low313.66
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume11.15M
Volume Incr-4.77%
Vol(5)12.51M
Vol(50)12.30M