#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!
Meta
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.
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.
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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 earnings
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.
NVDA AAPL MSFT AMZN GOOGL META TSLA Price Forecast00:00 Economic Data, AAII Sentiment Data, Earnings, Fear & Greed Index
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18:36 Meta Forecast Technical Analysis
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!
7 Mega Cap Tech Stocks Forecast part 2 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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06:27 Gold XAUUSD Stock Forecast
07:21 Silver XAGUSD forecast
06:37 US dollar DXY Stock Forecast
10:37 QQQ Stock Price Forecast
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15:00 Tesla Stock TSLA Forecast Technical Analysis
17:14 Nvidia Stock NVDA Forecast Technical Analysis
18:10 Apple Stock AAPL Forecast Technical Analysis
19:00 Amazon Stock AMZN Forecast Technical Analysis
19:59 Google Stock GOOGL Forecast Technical Analysis
21:43 Microsoft Stock MSFT Forecast Technical Analysis
24:09 Meta Forecast Technical Analysis
(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.
Natural Gas Price Forecast & 7 Mega Cap Tech Stocks Forecast00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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14:50 Nvidia Stock NVDA Forecast Technical Analysis
17:14 Apple Stock AAPL Forecast Technical Analysis
18:00 Amazon Stock AMZN Forecast Technical Analysis
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21:29 Meta Forecast Technical Analysis
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.
Natural Gas Price Forecast & 7 Mega Cap Tech Stocks ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock in a daily uptrend
- natural gas ideally bounce at 3.18
#naturalgas #xauusd #dxy #xagusd #natgas #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil
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07:13 Nvidia Stock NVDA Forecast Technical Analysis
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NVDA AAPL MSFT AMZN GOOGL META TSLA Price ForecastWelcome to the daily how to make money online with stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
00:00 Rate Hike Data, Earnings Report, Economic Data
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09:40 Nvidia Stock NVDA Forecast Technical Analysis
11:41 Apple Stock AAPL Forecast Technical Analysis
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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.
$QQQ The Precipice?We are nearing a meaningful trigger on the daily at cost basis above. This is in confluence with our downtrend channel. Tomorrow We will utilize the PBS to take QQQ to 375.50 if our levels above are reclaimed. If we stop and chop the rest of the day BUT HOLD the daily floor as reference, then next week will be above CB and we are looking for the 380s. Otherwise, the box we left is a box to retest, and with today momentum behind us, it is a possibility.
𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. Keep it simple𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: NASDAQ:QQQ Daily. Keep it simple. Above line-in-sand ("LIS") of 373 a bull flag 🐂 breakout. Below risk lower to consolidate 🐻
$NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks
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.
Exciting Times Ahead! Time to Go Long on Meta!First things first, have you noticed the recent absence of news surrounding Meta and Mark Zuckerberg? Well, let me tell you, my friend, it's actually a fantastic sign for the stock! Sometimes, no news is indeed good news, especially when it comes to a company as innovative and influential as Meta.
Here's why the silence is golden: Meta, under the visionary leadership of Mark Zuckerberg, has been relentlessly pushing boundaries and revolutionizing the way we interact with technology. With their groundbreaking advancements in augmented and virtual reality, as well as their strong foothold in social media, Meta is perfectly positioned for exponential growth.
When there's a lack of news, it often signifies that the company is diligently working behind the scenes, cooking up something truly remarkable. They might be busy refining their products, developing new features, or even exploring potential partnerships that could skyrocket their stock value in the near future.
So, my friend, this is the perfect time to seize the opportunity and go long on Meta! By investing in Meta stock now, you position yourself to reap the benefits of their future success. As the world becomes increasingly interconnected and reliant on immersive digital experiences, Meta's offerings are poised to become even more integral to our daily lives.
Imagine a world where virtual reality becomes the norm, where we can connect with loved ones, explore new places, and engage in virtual commerce seamlessly. Meta is at the forefront of making this vision a reality, and you have the chance to be part of this groundbreaking journey.
So, what's the call-to-action, you ask? It's time to take action and consider adding Meta to your portfolio! Conduct thorough research, analyze the market trends, and evaluate your risk appetite. Once you feel confident in your decision, seize the moment and make your move. Remember, fortune favors the bold!
As always, I encourage you to consult with your financial advisor or do your own due diligence before making any investment decisions. The stock market can be unpredictable, but with Meta's track record and the potential for future growth, we have a compelling opportunity on our hands.
Let's embrace the excitement and optimism that comes with investing in a company that is shaping the future of technology. Together, we can ride the Meta wave and enjoy the fruits of our foresight!
Wishing you happy trading and a prosperous journey ahead!
💎 $GOLD : Will Gold Fall to 1642 ? Really ? (READ THE CAPTION)By examining the gold chart in the daily time frame, we can see that the price, with the strong Break it made yesterday, was able to penetrate below $1884 and cause a Break in Market Structure (BMS) , due to this incident and the downward trend that has been going on for about 4 months. I give the probability that the price will prepare itself for heavier falls to fill a series of old liquidity voids ! In front of the price, there are different demand levels that can cause positive reactions and create demand in the short term! The first and most important downward target is the range of $1859 to $1841! The reaction to this zone, especially the $1841 level, will be spectacular! If the price can move below $1805 in the medium term and stabilize below this range, we will probably see more falls in the market and the Possible mid-term and long-term gold bearish targets will be $1787, $1748, $1709, and $1642, respectively! Share this important analysis with your friends! This analysis will be updated every day!
Best Regards , Arman Shaban
META Buy the rally but sell mid OctoberMeta Platforms / META is having a strong rebound off the 4hour MA200.
A potential Wedge pattern attracts comparisons with the consolidation after the COVID recovery in 2020 and Trade Wars in 2019.
Even in the event of a break out above the top of the Wedge, the price touched in both occasions the 1day MA200 before resuming the rally.
Be ready to sell in around 2 weeks and target 285.
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