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META PLATFORMS INC

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META Is it finally time to correct?Meta Platforms (META) has been among the biggest winners in 2023 and of course is having a great start to 2024 as well. Those who follow us know that we have been big bulls on META even right on its 2022 bottom (see charts below), when most of the market had lost faith in the company's operations, business model and its ability to generate profit. We even mapped to perfections its V-shaped recovery to new All Time Highs (ATH) As the company had one of its best 1W candles in history last week following the dividends announcement, we are starting to consider a short/ medium-term pull-back for the stock. This is also justified by historic price action. Since the current large Megaphone pattern started in mid 2018, META has corrected to or below its 0.236 Fibonacci retracement level within a -16.00% to -19.77% decline range, 5 times. On all cases except for the initial 2023 recovery, the 1W RSI was overbought above the 70.00 mark. Right now the 1W RSI is on its most overbought state in history. As a result, we have a growing belief that it is time for the social media giant to start correcting again. A minimum of -16.00% decline will deliver a $410.00 Target level for META, just below the 0.236 Fibonacci level. Note that during all such declines, the 1W MA5 (blue trend-line) provided support, closing all candles above it. Do you think it is time for a 4 - 6 week correction? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:METAShort
by TradingShot
2
Meta: Reached the Destination 📍✅Meta has reached our (now greyed our) Zone and started a pullback. We primarily expect the magenta-colored wave (iii) have already reached its high. Accordingly, we currently see the stock in a correction of the same-colored wave (iv), which should ideally push the price back towards the round $400 mark. According to our alternative scenario (38%), it would possible that the stock immentily rises. However, this scenario would merely shift the top of the wave alt. (iii) in magenta, which is why we expect another countermovement to the south afterwards before we can move on to the final stage of the green wave (1). As soon as the high of wave (1) in green could is set, we are preparing for a more extensive wave (2) correction.
NASDAQ:META
by MarketIntel
META Update: Count points much higherThere's a lot to unpack in this post. We'll start with the obvious and that price raised much higher than I anticipated. Rather it be the announcement of dividends or something else I'm not sure. The price action we got before the earnings released appeared corrective in nature which pointed lower. Given the new action we've received I've spent a decent amount of time looking at this thing from as many different angles as possible. The first thing I want to point out is how high MACD went. This easily confirms we are in fact in our wave III. On the larger count, the strength of this move up signals we should be headed towards the 0.786 fib @ $996.55 to complete ((1)) of III. Seem crazy? Yea, it does to me too. As I have said in the past, though, I don't make the rules I just follow them. This is the standard fib one should expect an extended wave 1 to end no matter the degree. On the chart I have a few boxes. We're currently in the target box for wave v of 3 which could rise as high as $510.54 and remain standard. I'm not saying it will, just that I don't expect it to move above that without first retracing to the next box with the wave 4 label. Should it move above the 1.382 @ $510.54 that means it is beyond standard fib levels and structure alone would have to guide us to the top of that wave. Given how META gained almost $100 in less than 24 hours, I suspect traders will be looking to take profits. On the 4HR chart, MACD just flashed a sell signal so ideally, we should be headed down for 4 next. I'm not some magician with a magic 8 ball that can see the future though, so I can't say for certain. When we get some more price action, I will update y'all on the expected path we're on.
NASDAQ:META
by TSuth
I am shorting META - Trade idea Feb 3 2024META price has increased dramatically during yesterday's trading session. META has published positive earnings and announced that they will pay dividends in the future. That's it for the good fundamental news. As a technical trader, I like looking at price action and trading activity. I noticed that retail activity has increased more than 300% yesterday, retails investors/gamblers FOMO-ed to buy the stock yesterday. For that reason (betting against the crowd) + the potential false breakout of the multi-weeks channel + the crazy price increase that occurred in the past year and a half (90 to 480 USD), I have opened a short position via options with expiration June (to be safe). I think the price will retest the 400/410 region at least by June.
NASDAQ:METAShort
by marketchan
META- Undervalued & Oversold. Market Cap - 426 Billion META has been on a 9 year bull run, in that period, it has firmly cemented itself as a digital marketing juggernaut. When it reached its all time high of $384.33 back in September 2021, it had an enormous market cap of 1.064 trillion dollars. At the time, it was only the fifth U.S. company to hit the milestone , joining Apple , Microsoft , Amazon and Google-parent company Alphabet . However the last 12 months have been somewhat brutal for Zuckerberg & co, the share price has dropped a staggering 60% to date, making this the biggest correction Meta has ever endured. Economic uncertainty, regulatory pressure and more recently, a first ever earnings miss, investors were quick to hit the panic button & add to the selling pressure. In February, Meta went down in history for the biggest one-day crash in the stock market. The company’s stock lost about $230 billion in market value in a single day. Meta revenue slipped to $28.8 billion in the second quarter, missing the $28.9 billion analyst estimate. Gross profit was $23.6 billion, down 0.5% from the equivalent quarter last year. In April, Apple introduced a change to its privacy policy that requires apps to ask users if they want to be tracked, this made META's ad selling business less affective, with only a reported 16% of users agreeing to be tracked. The privacy crackdown is set to cost Meta at least $10 billion in lost sales in 2022 alone. As a result of the data drought, Meta shifted their ad spending to Google because its flagship search-ad business relies on customer intent—users’ search terms immediately reveal what they are interested in—rather than data collected from app and web tracking. Google , the world’s largest digital-ad company by revenue, generated its highest sales growth in more than a decade in the third quarter. The sensational rise of short-video sharing app TikTok, has seen many users defect with approximately 1.4 billion monthly active users now on the popular platform. This is quickly approaching Instagram, which has approximately 2 billion monthly active users. This year, TikTok is on track to triple worldwide ad revenues, to $11.6bn, more than the $10.44bn for Snapchat and Twitter combined. This forced META to focus more on short-videos in the form of "Reels". Reels recently reached $1 billion in annualized revenue for the first time, Reels now has a higher revenue run rate than Facebook /Instagram Stories at identical times post-launch. Mark Zuckerberg is betting his company’s future on the metaverse — a virtual space in which people interact with each other using avatars and developing AR / VR technology. He said that he plans to invest heavily in his company’s metaverse ambitions & that will mean losing significant amounts of money on the project in the next three to five years. This massive shift has shaken up already nervous investors, however should one of its Reality Labs products change the world, it would be the jolt this company needs to continue funding its ambitions. The company once suffered a colossal 19% drop in 2018 after posting disappointing revenue and user figures for the second quarter of that year, however it bounced back before going on to make all time highs. Facebook has 2.74 billion monthly active users, No other platform offers this kind of reach. Facebook is the world’s third-most visited website- outranked only by Google and YouTube. It’s also the top Google search query. Facebook is the second-most downloaded free app in the App Store. 63% of the U.S. population over age 12 uses Facebook . 32.4% of Facebook’s audience is aged 25-34. Seniors are the fastest-growing group of Facebook users. More than 37% of people born in 1945 or earlier are on Facebook , up from 26% a year earlier. 74% of high-income earners use Facebook For those earning $75,000 or more, Facebook is the preferred social network. Facebook is also the most popular social network (besides YouTube) for college graduates, with 74% of them using the platform. LinkedIn again comes second with this group, at 51%. Facebook users spend 34 minutes per day using the platform. 36% of people get news from Facebook . 79.9% of Facebook users only access the platform on a mobile device. An average Facebook user clicks on 12 ads per month. Facebook has an advertising audience of 2.14 billion. Meta's balance sheet includes $40 billion in cash, equivalents and short term investments, with $16 billion in total debt (although some of this may include operating liabilities). The firm's free cash flow generation is very strong, with $8.5 billion generated in the quarter, up 8.9% year over year. $5 billion worth of stock was approved for purchase in the second quarter. In addition, the company authorized another $24.32 billion for stock repurchases. Meta further reduced its full-year operating expense during its latest earnings update. Its current operating expense guidance sits at $85.0-$87.0 billion for 2022 From a TA point of view, there are a number of reasons to be bullish which include- - A very strong oversold signal (not shown due to limitations using invite-only scripts on public ideas) - 9 + 5 oscillators recently printing divergence -look left, - RSI / MFI / Stochastic are all oversold & sit @ record lows, - Pulling a fib from the 2018 lows, we could see that price currently sits @ the 0.786 Fibonacci level, - Decreasing selling volume, - Support trendline being tested. Should the 0.786 / support trendline not hold, long-term bulls should look for buys @ 2018/2020 lows. Can price drop further? Sure! Timing tops or bottoms is not my thing. Will Zuckerberg's metaverse gamble pay off? Only time will tell. As it stands, Meta remains in a strong position with enormous reach, should the massive investment in metaverse pay off, there is no doubt that Meta will go on to make new highs. Speculative Setup, DYOR. Strictly a long term play. Allow 24-72 Months for this idea.
NASDAQ:METALong
by bL1TZZ
14
Meta - A great example of Elliott wave Our target for Meta is $420 by August.One would be able to see great volatility in its stock price and make significant profits by buying puts. Impulse Wave (Downward Move): The first phase is an impulse wave to the downside. This could be triggered by various factors, such as negative news about the company, poor financial performance, or a broader market downturn. During this phase, the stock price might experience a significant decline from $480. Correction Wave (Upward Move): Following the initial downward impulse, there's typically a corrective wave that retraces a portion of the previous downward move. This correction could result from profit-taking, short-covering, or a temporary shift in sentiment. The stock price may temporarily rise during this phase, but the overall trend remains bearish. Impulse Wave (Continuation): After the correction, another impulse wave to the downside may occur, leading to a further decline in the stock price. This could be driven by persistent negative factors affecting the company or the market as a whole.
NASDAQ:METAShort
by simpleincomeai
1
META CUP & HANDLE PATTERN META is trading a cup and handle pattern on its daily chart. The price is trading above the Breakout: 236.86. ST: 219.96 62%: 328.86 79%: 353.24 127%: 425.89 162%: 477.46 William J. 0’Neil developed and popularized in the 1980s the Cup and Handle pattern. Cup and Handle patterns are continuation patterns, and they usually form in bullish trends. They also form in all markets and in all time-frames. The “Cup” formation is developed as consolidation phase during price rallies from the round bottom formation over multiple weeks to months. The “Handle” part forms due to a price correction after “Cup" formation and before a clear breakout to the upside. Cup and Handle pattern structure show the momentum pause after reaching a new high in a U-Shape form, followed by another attempt to breakout. When this breakout from the rim of the cup fails it starts to fall back to build the 'Handle' structure. Usually, the handle structures are small, and the handle depth should not exceed more than 50% of cup depth. Entries When the pattern breaks out above the rim of the cup, a long trade is entered above the high of the breakout bar. Targets: 62-79%, 127-162% Cup height Stop A stop should be placed below the middle of the handle level.
NASDAQ:METALong
by TradeChartPatternsLikeThePros
5
Meta's Meteoric Rise: Unveiling Record ProfitsMeta (NASDAQ: NASDAQ:META ), the parent company of social media giant Facebook, is making waves in the business world after an impressive fourth-quarter earnings report that surpassed expectations and sent its stock soaring by 14% in after-hours trading. The company's robust performance is underlined by a tripled profit, a landmark first-ever dividend payment, and a $50 billion share buyback, signaling a newfound confidence in its financial position. Financial Highlights The financial highlights include earnings per share of $5.33, beating the expected $4.96, and revenue of $40.1 billion, surpassing the anticipated $39.18 billion. Daily active users (DAUs) and monthly active users (MAUs) also exceeded expectations, demonstrating the sustained growth of Meta's ( NASDAQ:META ) user base. The average revenue per user (ARPU) reached $13.12, outperforming the forecasted $12.81, showcasing the company's ability to monetize its user engagement effectively. The impressive results are attributed to Meta's ( NASDAQ:META ) online advertising business rebounding from challenges faced in 2022. Sales surged by 25% year over year, reaching $32.2 billion, the fastest growth rate since mid-2021. Simultaneously, the company implemented cost-cutting measures, with expenses decreasing by 8% year over year to $23.73 billion. The operating margin more than doubled to 41%, reflecting increased profitability. Net Income Net income skyrocketed to $14 billion, tripling from $4.65 billion a year earlier. Meta's strategic decisions, such as the announcement of its first-ever dividend payment of 50 cents per share on March 26, illustrate its commitment to delivering value to investors. The company's cash and equivalents ballooned to $65.4 billion at the end of 2023, up from $40.7 billion a year earlier, further supporting its shareholder-friendly initiatives. The bullish momentum continues a trend from 2023 when Meta's ( NASDAQ:META ) stock nearly tripled, reaching a record high in January. As of the latest trading data, Meta's( NASDAQ:META ) market capitalization has surged to almost $1.2 trillion, solidifying its position as one of the tech industry's heavyweights. Sales Report Sales in Meta's Reality Labs unit surpassed $1 billion in the quarter, underlining the growing importance of virtual reality. However, the virtual reality unit reported losses of $4.65 billion, emphasizing the challenges and investment required to establish a foothold in this evolving market. Despite Meta's ( NASDAQ:META ) financial success, the company faces scrutiny from lawmakers, as CEO Mark Zuckerberg and other executives recently testified before the Senate Judiciary Committee. The hearing addressed concerns about child exploitation on Meta's family of apps, underscoring the ongoing challenges faced by social media platforms regarding user safety and mental health. Future Outlook Looking ahead, Meta ( NASDAQ:META ) anticipates first-quarter sales in the range of $34.5 billion to $37 billion, surpassing analyst expectations. The company remains committed to advancing artificial intelligence and the metaverse, with Zuckerberg emphasizing continued investments in these areas. Notably, despite growth, Meta's headcount decreased by 22% year over year, reflecting the efficiency achieved through organizational changes and layoffs. Conclusion In conclusion, Meta's ( NASDAQ:META ) stellar financial performance, marked by record profits, a historic dividend, and a thriving stock price, showcases the company's resilience and adaptability in the rapidly evolving tech landscape. As it continues to navigate challenges in user safety and content moderation, Meta's strategic focus on innovation and financial strength positions it for continued success in the ever-expanding digital frontier.
NASDAQ:METALong
by DEXWireNews
3
Meta Share Price Soars to Record Thanks to First-ever DividendMeta Share Price Soars to Record Thanks to First-ever Dividend After the close of yesterday's trading session, the social media giant reported activity for the 4th quarter of 2023. The actual numbers exceeded expectations: → gross income: actual = USD 40.1 billion (expected = USD 39.1 billion); → earnings per share: actual = USD 5.3 billion (expected = USD 4.8 billion). Zuckerberg's company also announced a USD 50 billion share buyback and, most importantly, the decision to pay dividends for the first time! As a result, META's share price soared approximately +15% to record highs. In the post-market, the META price exceeded USD 450 — this value may be a guideline for the opening of today's trading. The META stock chart today shows that the price has broken out of the ascending channel within which it has been since May last year. If widespread optimism about the company's progress continues, META's stock price could maintain its bullish momentum and rise closer to the blue line (drawn on the chart as a parallel channel) and the psychological USD 500 mark. On the other hand, indicators will show that the market is overbought and some investors will probably take advantage of the temptation to take profits after the price soars - this will create the preconditions for the formation of a pullback. The wide bullish gap that is likely to form at the opening of today's session could serve as an area of support for the META share price in the future - note that the price has not yet fallen into the May 2023 gap area. In any case, fundamentally, META looks strong and could be considered a candidate for a long-term investment portfolio (if you don't already have it there). 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.
NASDAQ:META
by FXOpen
3
MBV-SP500-CLIMBER: METAIntroduction: This trading idea is based on a Long-Only strategy that utilizes the Dynamic Movement Index (DMI), supplemented by the Average Directional Index (ADX) and an Average True Range (ATR)-based Trailing Stop-Loss. Strategy Overview: Main Indicators: DMI, ADX, ATR Time Frame : Variable, based on the DMI length (Default: 14 days) Objective: To take long-term positions in bullish market phases Optional Trading Hours and Seasonality: Yellow Background (Trading Days) : Positions are only opened on trading days highlighted with a yellow background on the chart. Blue Background (S&P 500 Seasonality) : Positions are only opened during periods highlighted with a blue background on the chart. Strategy Details: ADX and DMI : A Long signal is generated, taking into account the optional trading hours and seasonality, when the ADX exceeds a defined threshold and the positive DMI is greater than the negative DMI. This indicates a strong upward movement. ATR-based Trailing Stop-Loss : The Stop-Loss is dynamically set with a multiplier of the ATR value below the current price and updated to secure profits. The strategy script is available for free on TradingView. You can find it under the name: "MBV-SP500-CLIMBER" Please share your optimizations with the TradingView community by leaving comments under the script. Please provide feedback on the strategy, especially on the trading signals, in the comments. --- Einleitung: In dieser Handelsidee beruht auf einer Long-Only-Strategie, die auf dem Dynamic Movement Index (DMI) basiert, ergänzt durch den Average Directional Index (ADX) und einen Average True Range (ATR)-basierten Trailing Stop-Loss. Strategie-Überblick: Hauptindikatoren : DMI, ADX, ATR Zeitfenster : Variable, basierend auf der DMI-Länge (Standard: 14 Tage) Ziel : Langfristige Positionen in bullishen Marktphasen Optionale Handelszeiten und Saisonalität: Gelber Hintergrund (Handelstage): Positionen werden nur an den im Chart mit einem gelben Hintergrund hervorgehobenen Handelstagen eröffnet. Blauer Hintergrund (S&P 500-Saisonalität): Positionen werden nur während der im Chart mit einem blauen Hintergrund hervorgehobenen Zeiträume eröffnet. Strategie-Details: ADX und DMI : Ein Long-Signal wird unter Berücksichtigung der optionalen Handelszeiten und Saisonalität generiert, wenn der ADX einen definierten Schwellenwert überschreitet und der positive DMI größer ist als der negative DMI. Dies signalisiert eine starke Aufwärtsbewegung. ATR-basierter Trailing Stop-Loss : Der Stop-Loss wird dynamisch mit einem Multiplikator des ATR-Wertes unter dem aktuellen Preis gesetzt und aktualisiert, um Gewinne zu sichern. Das Strategie-Skript ist auf TradingView kostenlos verfügbar . Sie finden Sie unter dem Namen: "MBV-SP500-CLIMBER" Bitte teilen Sie Ihre Optimierungen mit der TradingView-Community, indem Sie Kommentare unter dem Skript hinterlassen. Bitte geben Sie Feedback zur Strategie, insbesondere zu den Handelssignalen, in den Kommentaren.
NASDAQ:METALong
by MBV-TRADING
META ENTER 408 TP 416 AFTER EARNINGS NASDAQ:META Growth and Profitability: Bank of America Securities analyst Justin Post maintains a bullish stance on Meta stock, citing potential for growth and profitability1. His analysis anticipates a fourth quarter revenue surpassing the consensus estimates, driven by a 22% year-over-year increase1. This optimistic outlook is fueled by the positive momentum of Reels and advancements in artificial intelligence1. Monetization of Reels and Messaging: Post believes that Meta is in the early stages of monetizing Reels and messaging, and that ongoing AI and machine learning integrations will enhance user engagement and advertising spend1. New Products Leveraging AI: The anticipation of new products leveraging Meta’s AI assets, combined with an attractive valuation excluding Metaverse losses, further supports the Buy recommendation1. Bullish Diagonal Spread: Some investors are going bullish on Meta stock with a diagonal spread2. This strategy involves buying a call option and selling a shorter-term call option against it2. Advancements in Tech Tools: Meta continually advances its next-gen tech tools, like their AI Code Llama for coding assistance3. Investment in Metaverse: Meta Platforms is investing billions into the metaverse4. Changes to iOS have stalled Meta’s top line, but Wall Street thinks this will be short-lived ENTER 408 TP 416 After Earnings
NASDAQ:METALong
by NYRUNSGLOBAL