![]() 1-hour, 4-hour and 1-day candlestick charts are among the most popular. Traders can view candlesticks that represent the price action of Meta stock with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. ![]() When making a Meta stock forecast, most traders use candlestick charts, as they provide more information than a simple line chart. How to read Meta stock charts and forecast price movements? Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the Meta stock price. Conversely, a drop below an important moving average is usually interpreted as a negative forecast for the META market. If the Meta stock price moves above any of these averages, it is generally seen as a bullish sign for Meta stock. ![]() The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.ĥ0-day, 100-day and 200-day moving averages are among the most commonly used indicators in the stock market to identify important resistance and support levels. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). For example, a 12-day simple moving average for META is a sum of META’s closing prices over the last 12 days which is then divided by 12. As the name suggests, a moving average provides the average closing price for META stock over a selected time frame, which is divided into a number of periods of the same length. Moving averages are among the most popular Meta stock prediction tools. When trying to make a Meta stock forecast, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall. These tools can roughly be divided into indicators and chart patterns. Meta stock traders use a variety of tools to make a prediction on which way the META market is likely to head next. In comparison with Bitcoin, Meta stock performed 24.40% better in the last year and 8.03% better than Ethereum. The 1-year performance of META/USD is 73.76%. In the last month, the META/USD pair is up 15.77%. To get a better idea of what could happen to the META stock price in the future, it’s helpful to also explore Meta’s price history. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. ![]() No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our Meta stock forecast, it's now a bad time to buy META stock because it's trading 10.88% above our forecast.ĭisclaimer: This is not investment advice. META stock recorded 21/30 (70%) green days with 6.17% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 39 (Fear). According to our current META stock forecast, the value of Meta shares will drop by -7.96% and reach $ 256.61 per share by June 25, 2023.
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