Last Updated: Mar 25, 2025 04:17:32 PM (GMT)
META/USD: The current market price is 630.68, marking a 0.23% increase from the previous close. Today’s economic indicators, such as new home sales, are expected to show slight improvement from previous figures, possibly influencing market sentiment.Support and Resistance Levels The three support levels are 621.16, 619.28, and 618.64, while the resistance levels are 632.40, 634.40, and 637.00. The pivot point is at 629.24.Indicators The RSI is at 45.84, indicating neutral momentum. The ATR is relatively stable at 11.88, suggesting moderate volatility. The ADX is at 26.56, showing a strengthening trend. The 50-day SMA is at 605.65, while the 200-day EMA is at 601.01.Market Sentiment Given the price is above the pivot point (629.24) and supported by indicators, a bullish scenario is likely.
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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