MetaPrice at 287 price action support.. I'm looking for a bounce here and a move up in the next week back to close this gap or test white trend line resistance Long over 287 Stop loss 284.00 Target 300.00 If we break 284 then meta is headed to 276Longby ContraryTrader10
Despite Strong Report, META Shares Fall 3%Like Google, META demonstrated that the price can fall if the quarterly report is better than expected: → Earnings per share: actual = USD 4.39, expectation = USD 3.63. → Revenue: actual = USD 34.15 billion, expectations = USD 33.56 billion → Number of daily active users: fact = 2.09 billion, expectation = 2.07 billion according to StreetAccount. META's share price initially rose in post-market trading but then reversed course and fell more than 3% following cautionary comments from CFO Susan Lee about the impact of military conflict in the Middle East on the advertising market. Thus, the META stock price may have received a bullish boost from the psychological level of USD 300, but it is possible that it will receive a bearish one because the opening price on Thursday could be around USD 290. In the analysis of the META share price on October 3, we paid attention to the candle from July 27, when the high of the year was formed — then, extremely high volumes were recorded on the NASDAQ exchange. They can be interpreted as the desire of large players to fix profits from long positions. Since then, the price has updated its high of the year around the USD 325 level, but this update turned into a classic bear trap. Thus, a large-scale double top pattern has formed on the chart, which will most likely lead to a bearish breakout of the ascending channel (shown in blue). When a breakout occurs, a gap will likely form, which can serve as resistance. The bulls may be given hope by the level of USD 175 per share, which previously supported META shares. 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.by FXOpen11
#META looking rather precarious. META released a decent set of results last night, but trade action post market is very weak which makes me think there is a scenario where it could be headed as low as R240 to meet the Rising 200wma and previouys level of support at approx R245.00. Stock recently made a new high which was not confirmed by the RSI forming a lower high (bearish divergence). I would becareful of buying this thing too soon as i think further weakness is most likely on the horizon in the metaverse! Shortby MarcoOlevano2
META earnings todayMETA earnings today, Wednesday 10/25, at 4:05pm. Meta Platforms (META) reported earnings of 3.23 per share on revenue of 32 billion for the second quarter ending June 2023. The consensus earnings estimate was 2.87 per share on revenue of 31.06 billion. The company beat expectations by 6.95% while revenue grew 11.02% on a year-over-year basis. The company said it expects third quarter revenue of 32 billion to 34.5 billion. Q3 September 2023 Consensus: EPS = 3.62 Revenue: 33.52B Moving averages: VWMA 50 = 303 VWMA100 = 299 VWMA200 = 239 TTCATR20: R3 = 340 SMA20 = 313 S3 = 285 Options data: 10/27 expiry Put Volume Total 37,706 Call Volume Total 61,969 Put/Call Volume Ratio 0.61 Put Open Interest Total 94,431 Call Open Interest Total 128,775 Put/Call Open Interest Ratio 0.73 11/3 expiry Put Volume Total 7,852 Call Volume Total 16,607 Put/Call Volume Ratio 0.47 Put Open Interest Total 21,300 Call Open Interest Total 27,187 Put/Call Open Interest Ratio 0.78 11/10 expiry Put Volume Total 1,606 Call Volume Total 2,716 Put/Call Volume Ratio 0.59 Put Open Interest Total 8,067 Call Open Interest Total 7,531 Put/Call Open Interest Ratio 1.07 11/17 expiry Put Volume Total 8,158 Call Volume Total 15,085 Put/Call Volume Ratio 0.54 Put Open Interest Total 207,575 Call Open Interest Total 245,615 Put/Call Open Interest Ratio 0.85 1/19/2024 LEAPS Put Volume Total 9,533 Call Volume Total 12,634 Put/Call Volume Ratio 0.75 Put Open Interest Total 390,266 Call Open Interest Total 610,932 Put/Call Open Interest Ratio 0.64 by Options360Updated 220
$META Implied Move for Earnings... NASDAQ:META Earnings Implied Move So Meta’s Implied move for earnings is between 287.50 and 340… 28 dollars in each direction. And if you are wondering, the implied move is calculated using options... I did a volume analysis for the year and I feel like I’m going to play downside for earnings tomorrow… This is not an in depth analysis, just the implied move for record. Happy trading, y’all…. Shortby SPYder_QQQueen_Trading7715
META | Day trading | 10-24-2023NASDAQ:META Trend & Moving Averages: The stock has been in a clear downtrend for the majority of the visible period, as demonstrated by the lower highs and lower lows. The stock price has been consistently trading below the orange and blue moving averages, reaffirming the bearish sentiment. More recently, there seems to be an attempt at a reversal as the stock begins to trade above the moving averages and shows a pattern of higher highs and higher lows. Support & Resistance Levels: Bearish Line at 312.90 USD: This line seems to act as a recent support, where the price has bounced from it before. If the stock breaches this level going downward, it might continue its bearish trend. Bullish Line at 317.36 USD: This is a significant resistance level where the price has struggled to break above. Target Price 1 at 307.69 USD: This is the next significant support level below the bearish line, where the price might aim if it continues the bearish movement. Target Price 2 at 321.15 USD: This is the next resistance level above the bullish line. Breaking above this level could further solidify a bullish trend. Volume: The trading volume is shown at the bottom of the chart. Notably, there seems to be a spike in volume during the bullish movement, suggesting increased buying interest. Potential Reversal: As the stock price begins to trade above the moving averages and starts forming higher highs and higher lows, this could be indicative of a potential trend reversal from bearish to bullish. However, it's crucial to monitor if the stock can maintain its position above the moving averages and break above the resistance levels to confirm this. Ichimoku Cloud: The stock is currently trading below the shaded area, which is typically seen as a bearish sign. However, it is inching closer to the cloud, suggesting potential bullish momentum if it can break and maintain above it. To summarize, while the stock has shown a bearish trend for the majority of the visible period, there are recent signs of potential bullish momentum.by shkspr117
META: Buy on the Channel's bottom.Meta is having a strong turnaround day after 7 sessions of decline inside the two month Channel Up. The 1D technical outlook is neutral (RSI = 53.876, MACD = 3.900, ADX = 28.237) and as the RSI S1 (46.50) is holding, today is a strong buy opportunity to target the Channel's top (TP = 345.00). If it drops more, we will make one last buy attempt at the bottom of the Channel Up, marginally over the 1D MA100. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope115
meta sell trade- A dark cloud cover (red oval) on October 5, which indicated that the sellers were gaining control after a gap up opening⁷. - A shooting star (red arrow) on October 11, which signaled a rejection of higher prices and a potential top reversal⁷. - A bearish engulfing (red oval) on October 18, which confirmed the downtrend and the loss of momentum⁷. The stock also broke below the 50-day moving average (blue line) on October 19, which acted as a support level in the previous uptrend. This was a bearish crossover that suggested a change in the trend direction . The 50-day moving average is now acting as a resistance level, as the stock failed to close above it on October 20 and 21. The stock is currently trading near the 200-day moving average (red line), which is another important support level. If the stock breaks below this level, it could trigger more selling pressure and a further decline. The next support levels are at $250 and $200, which are the previous lows in June and February 2023. The stock is also forming a bearish flag pattern (green lines), which is a continuation pattern that indicates a pause in the downtrend before another drop⁹. The flagpole is formed by the sharp decline from $330.54 to $306.47, and the flag is formed by the consolidation between two parallel trend lines in an uptrend. A break of the lower trend line would signal the activation of the pattern and a target of $282.40, which is calculated by subtracting the length of the flagpole from the breakout point⁹. Therefore, based on these technical indicators, the outlook for META is bearish and the stock could face more downside risks in the near future. However, this analysis is not a recommendation to buy or sell any securities, and investors should do their own research and due diligence before making any trading decisions. (1) What Is a Head and Shoulders Chart Pattern in Technical Analysis?. www.investopedia.com (2) Technical Analysis of Stocks & Securities | CFA Institute. www.cfainstitute.org (3) Learn About Bear Flag Candlestick Pattern | ThinkMarkets | EN. www.thinkmarkets.com (4) Meta Platforms Inc. bing.com (5) META Stock Price Predictions: What Can Investors Expect in 2024?. www.msn.com (6) Want to Buy Meta Platforms Stock? Be Prepared for a Bumpy Ride. www.msn.com (7) Meta, Amazon Earnings Put Stock Market to the Test. www.msn.com (8) Meta Platforms, Inc. (META) Stock Price, News, Quote & History - Yahoo .... finance.yahoo.com (9) Meta Platforms Inc (META) Stock Price & News - Google Finance. www.google.com (10) Candlestick Bearish Reversal Patterns - StockCharts.com. school.stockcharts.com (11) Candlestick Basics: All the Patterns to Master Before Your Next Trade. commodity.comShortby Mansa_Musa_Capital0
Want to Buy Meta Platforms Stock? Be Prepared for a Bumpy RideMeta Platforms generated good revenue growth last quarter, but its earnings are still down through through the first half of 2023. Meta Platforms (META -1.33%) has benefited from increased ad activity on its platform. The company has been delivering some improved growth numbers of late, and investors have become bullish on the tech stock this year. Shares of the company are up almost 160% year to date. But before you think about jumping on this bandwagon, you should prepare yourself for some volatility in the future. The metaverse will be a drag on earnings for years The big problem with Meta always leads back to the metaverse and its Reality Labs business. It doesn't generate much money, and it may never be a significant part of the company's operations. So far this year, the company's Family of Apps segment, which includes popular social media apps Facebook, Instagram, and WhatsApp, has generated over $60 billion in revenue. Reality Labs, by comparison, has brought in $616 million. That might seem reasonable for a new business, but consider that it has also incurred $7.7 billion of losses in the same period. Meanwhile, the Family of Apps business, which posted $24.4 billion in profit, has allowed Meta Platforms to remain in the black. But on a year-over-year basis, overall operating income of $16.6 billion is down 2%. And this is with the company's core business doing well. Should its core operations struggle, the bottom line could seriously falter. And investors shouldn't forget the company continually warns that operating losses from Reality Labs will "increase meaningfully year-over-year due to our ongoing product development efforts." Meta Platforms could make for a volatile investment If not for Reality Labs, Meta's business would be promising. But as long as that's going to be a key part of its growth strategy, investors should brace for volatility. Meta's growth rate jumped last quarter, but it still faces significant competition like TikTok. And if its Family of Apps business can't generate earnings growth at a faster rate than Reality Labs is incurring losses, the sell-off the stock saw in 2022 could return. Meta is a risky stock to be holding with its valuation at these levels. and it will require the company's Family of Apps business to be firing on all cylinders for it to continue to draw in growth investors. A big test will come later this month when the company reports its latest round of earningsby DEXWireNews222
META Platforms Options Ahead of EarningsIf you haven`t sold META when ARK did here: or entered the dip here: Then analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week, I would consider purchasing the $317.50 usd strike price Calls with an expiration date of 2023-10-27, for a premium of approximately $10.30. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it. Longby TopgOptions335
META BIAS DOWNSIDE with 3 Signal21st Oct 2023. Bias Meta on downside (after 25th Oct Earnings) TA Basis Resisted by 78.6% Forming Bearish Divergence (RSI) Weekly Candle show bearish EngulfingShortby probabilityta0
META to CRASH NEXT RUN DO NOT WALK TO THE EXIT Meta is the next one to collapse Based simple on RSI this stock bottomed within 3 of my target and has formed a classic 5 th wave blowoff be safe Wavetimerby wavetimer227
MetaPullback here after completing double bottom. Gap closed at 322 , mission accomplished! Look for a pullback to 310 before heading higher.. Mid support at 317. So your short targets would be 317 then 310.. Stop loss over 326.00Shortby ContraryTraderUpdated 101024
META has the potential for an EPIC failThe squeeze to the upside was phenomenal! But in my view, they over-pumped it - who ever it was... The white Center-Line provided good support when price failed at the GAP/Resistance Zone. this zone is built just with the range of the GAP-Bar. After the CL support, meta reached the another temporary high at the orange CL, bounce back to the white CL again and once more got pumped up to the orange CL/GAP/Resistance zone, where it hangs out now. Of course; If I had the money to move markets, I would want my Stock to be as high as possible to a) unload and b)short it for a Double-Whammy. The huge divergence with price and RSI speaks for it self. I know that I know NOTHING. But I know what I can "Project" into the future. It's good to be prepared, also for a move in the opposite direction, which is Up Up and away. That means, if I short, my risk is small. No need to be a Hero and win a T-Shirt for putting myself at risk to loose my House, Cats & Dogs. I am fully aware, that price is currently ABOVE the white CL and no lower low is broken yet. That's what makes a short so difficult. Peace4TheWorld!Shortby Tr8dingN3rd6
(META) is showing extremely high implied volatility Meta Platforms (META) is showing extremely high implied volatility in the lead-up to its earnings announcement on Wednesday. There is also significant volatility skew, with short-term options showing much higher implied volatility than long-term options. One way to take advantage of this skew is via a diagonal put spread. This option strategy is an advanced strategy because it utilizes options over different expiration periods and different strike prices. e risk on the trade is on the downside, with a potential maximum loss of $995. This is calculated by taking the difference in the spread (10) multiplied by 100 and factoring in the cost (5). The maximum potential gain is around $1,035. It would occur if Meta stock closes right at 300 on Oct. 27. The trade has a nice profit zone between 280 and 370. If Meta stock stays between these values, the trade should do well. The main risk is if the stock drops below 280.Longby DEXWireNews1
Potential double-top ahead of earningsMeta Platforms posted a new 52-week high last week, hitting $330.54. After that, it retreated lower, creating a potential setup for a double-top pattern. As a result, we are carefully watching the developments on the daily chart, with the main focus on RSI, which seems to have topped slightly below 70 points last week. In many instances, such behavior is associated with bear markets. Therefore, in the next few days, we will observe whether it will be able to break into the overbought territory; if not, it will act as a warning sign. One thing to consider, however, is that Meta Platforms is scheduled to report earnings next week. Within the past two years, all except for one earnings release were accompanied by a volatile price action and an opening gap the next day. Consequently, we would not be surprised to see a similar occurrence take place this time again. That brings us to the conclusion that staying on the sidelines would be the best alternative until the company releases its earnings. Illustration 1.01 Illustration 1.01 displays the daily chart of Meta Platforms. Yellow arrows indicate four major opening gaps within the past twelve months. Interestingly, every one of them coincided with the release of the quarterly earnings report. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade. Shortby Tradersweekly12
Short Meta Again - Zuc shortMade some good % on a Zuc short earlier this year. Then straight 12 months of up candles is crazy, total clown show. Short here based on history of the monthly RSI crosses. I have the patience to ride it out, will add. Not Advise, Good Luck.Shortby A5gamakatsu115
Meta calls gonna be big next weekGrabbing a handful here at the oversell with uptrend. Will pay off nicely if no negative news all next week.Longby RobbinthehoodUpdated 4
META PENNANT (NOT YET TRIGGERED)Watching this pennant on NASDAQ:META daily (energy building for over 2months) - looking for over 308 for upside breakout to 313-316 then 324-326 or for a break of 297 for downside breakout to 285.66, 274.38 and 266.60by Jovan888Updated 114
Mission Rejected at Mt. Everest -Bullish Market Structure IntactNASDAQ:META Update - Bullish Outlook - October 15, 2023 Opening Summary : Bullish breakout stalled at a key resistance level. Market Structure: Currently in Markup, signaling bullish trend continuation. Key Price Levels: Support: $300, $304.79, $309.32, $311.7 Resistance: $325.88, $328.79, $334.79, $340.56, $353.36 Chart Patterns: Day: 2-2-2d reversal Week: 3-2-2u continuation, bullish flag breakout, inverse hammer Month: 2-1-2u reversal, bullish flag pattern Quarter: 2-2-2u continuation Volume Analysis: Day: Bearish volume confirms the 2-2-2d reversal. Week: Bullish volume supports the 3-2-2u continuation. Month: Volume data not conclusive. Quarter: Bullish volume strengthens the quarterly 2-2-2u pattern. Overall Outlook: If bearish sentiment continues, a retracement to $300 PL is likely. Note : Back-testing shows an inverse hammer typically leads to a gap up or gap down. Longby Solidified0
Meta Platforms Revives in 2023 with Impressive GainsMeta Platforms Revives in 2023 with Impressive Gains After a lackluster performance in 2022, Meta Platforms, previously known as Facebook, has made a remarkable comeback in 2023. The company's shares have surged by approximately 162%, a stark contrast to the previous year when the stock saw a decline of over 64%. These gains are over 13 times the returns of the S&P 500, demonstrating the magnitude of Meta's resurgence. The primary driving force behind Meta's 2023 success is its return to revenue growth after several quarters of decline. Additionally, Meta Platforms has harnessed the power of artificial intelligence (AI), which holds promising implications for its future. Investors who remained on the sidelines during Meta's resurgence now face a crucial decision. They must weigh the allure of potential further gains against concerns about the stock's high valuation and the uncertainties within the digital advertising industry. Let's delve deeper into this conundrum. The economic challenges that dominated the headlines in the previous year took a toll on many companies, and Meta Platforms was no exception. In times of economic uncertainty, marketers often cut back on advertising spending, which can be quickly adjusted. Meta Platforms, as a company heavily reliant on digital advertising across its social media platforms and the world's second-largest online advertiser, with a 20% market share, felt the brunt of this impact. While most technology companies faced challenges during this period, the decline in ad spending led Meta to report three consecutive quarters of year-over-year revenue declines, a first in its history. Understandably, investors grew concerned, and the most risk-averse among them chose to exit the stock. However, as it turns out, their cautious approach proved costly as Meta Platforms made a strong comeback this year. The rebound in digital advertising has fueled significant gains for investors. Yet, it's important to note that this recovery is still in its early stages. In the second quarter of the year, Meta reported an 11% year-over-year growth in revenue and a 21% increase in earnings per share, positioning the company for potential record-high sales and profits. What sets Meta apart is its commitment to embracing cutting-edge technology, particularly Generative AI. While AI has been integral to the company for various purposes, it now plans to apply these advanced algorithms to enhance its digital advertising efforts. Meta is one of the few companies with the resources required to develop large language models for generative AI. In a recent move, Meta introduced a suite of AI-powered marketing tools for businesses advertising on its platforms. These tools allow for customized images and text, empowering businesses to target their desired audiences more effectively. AI plays a crucial role in creating backgrounds, adjusting aspect ratios, and generating multiple ad versions tailored to various advertising channels. While many companies view the widespread adoption of AI as a future endeavor, Meta is already leveraging this technology to drive its growth. However, Meta's stock is currently trading at 37 times its trailing 12-month earnings and roughly 7 times its sales, making it less of a bargain for investors. This somewhat inflated valuation may warrant caution. Nonetheless, when you consider Meta's future prospects, the outlook becomes more favorable. It's valued at only 24 times next year's earnings and 5 times next year's sales, which is significantly more attractive. Why? Because the company is expected to return to double-digit growth in sales and earnings per share by the end of 2024. The recovery in the digital advertising market is well underway, and Meta is generously offering its AI expertise to advertisers at no cost, potentially attracting a growing number of them to its platform. Despite the potential for market volatility due to ongoing economic uncertainties, investing in Meta Platforms now could prove to be a savvy move in five or ten years, especially given the extensive growth prospects on the horizon.Longby FOREXN16611
Meta - Short to $265 minimumPretty confident this is a great opportunity to short Meta. Daily RSI is looking exhausted, just reached a heavy resistance area coupled with higher sell volume than buy volume the past few days. I expect a move down to $265, there i would reevaluate the chart. However you see the path i am bias on above. However, it could go to $265 and further push toward all-time highs but would need to see that reaction in real time. My main play here is down to $265 and reevaluate if we get there.Shortby RobsPlanUpdated 6621