Last Updated: Feb 26, 2025 08:17:32 AM (GMT)
META/USD: The current market price is 715.56, reflecting a decrease of 0.06% from the previous close. Today's economic focus on USD New Home Sales reveals a consensus forecast of 0.68, down from a previous figure of 0.698, indicating potential market sensitivity.
Support and Resistance Levels Current support levels are at 711.75, 709.45, and 707.15, while resistance levels are at 718.01, 720.45, and 723.78. The pivot point is established at 715.47.
Indicators The RSI is at 47.57, suggesting neutral momentum. The ADX indicates a trend strength of 22.45, while the ATR stands at 5.18286, revealing low volatility. The 50-day SMA is at 715.66, and the 200-day EMA is at 722.91, showing a bearish sentiment.
Market Sentiment Given the price is below the pivot point (715.47) and bearish indicators, expect a potential downtrend.
META has this year gone up by 50%. This is despite a tough 2022 and indicates it s a good time to consider the Facebook stock as a buy. However, note that the significant gains could be the result of the company's sharp drop in 2022. The aftermath rebound shows that the stock is on time this year to grow and pay off investors.
The general outlook for META is somewhat stagnant due to lagging advancement across VR/AR technologies. META seems highly invested in building the Metaverse, and could significantly rely on the mentioned technologies. While there seems to be an upward rebound trajectory, this is not enough information to conclude a bullish prediction. Again, it's not fair to dismiss the stock as bearish given its endurance through the tough 2022.
META's stock is influenced by both tech-industry force and company perfomance. In 2022, the tech industry slumped, however, META witnessed its stock fall below the tech-heavy NASDAQ 100 index. Advancement across the VR/AR industry is also likely to affect the price of Facebook stocks.
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