Meta Platforms Inc. (META) — Technical Analysis
Timeframe: 1-Hour
Current Price: $546.45
Trend Bias: Intermediate-term Bearish, Short-term Reversal Attempt
Price Action & Structure
Downtrend from March to mid-April: META has been in a clear and sustained downtrend, characterized by lower highs and lower lows. Price consistently failed to break above prior resistance levels, confirming seller dominance.
Capitulation & Bounce (mid-April): The sell-off intensified into mid-April, where META appears to have formed a temporary bottom around $485–$490, aligning closely with a support zone (marked by the red line at $479.76).
Recent Recovery: The stock has since shown signs of short-term strength, bouncing approximately 12% off the April lows. However, this move currently resembles a bear market rally rather than a true trend reversal.
Key Levels
Resistance:
$582.60 (Pre) – Historical pivot level; potential rejection zone.
$613.73 – Structural resistance and supply zone. Confluence with prior breakdown point.
$641.63 – $657.80 – Major resistance range. Represents previous distribution zone and failed breakout area.
Support:
$546.00 (Current level) – Price is hovering just above minor structure but remains vulnerable.
$479.76 – Last-ditch structural support; breakdown below opens risk to lower $400s.
Volume spike near the “E” suggests earnings reaction was a key turning point — important to monitor how price holds above this level.
Volume & Momentum
Volume Profile: Increased volume at the recent low suggests capitulation or accumulation. This could mark the early stage of a base, but it’s too soon to confirm.
Momentum Indicators (Not visible here but assumed): Typically, RSI/MACD would now be recovering from oversold. However, given the context, momentum is likely neutral-to-slightly-bullish but fragile.
Technical Outlook
Short-term: META is attempting to recover within a broader downtrend. Watch for price action around $560–$582. If it rejects and turns lower, that would confirm the bear flag or rising wedge pattern.
Medium-term: The stock must reclaim and hold above $582.60 to gain serious traction. Otherwise, this bounce may serve as a dead cat rally before another leg down.
Long-term Investors: Wait for either:
A successful breakout above $613.73 with strong volume and follow-through, or
A flush toward $479.76 followed by a clear reversal pattern (e.g., double bottom, bullish engulfing).
Analyst’s Summary
This is a fragile recovery within a technically damaged chart. META must prove this bounce is real by retesting and holding higher levels. Otherwise, sellers remain in control. Patience and discipline are key here.
Timeframe: 1-Hour
Current Price: $546.45
Trend Bias: Intermediate-term Bearish, Short-term Reversal Attempt
Price Action & Structure
Downtrend from March to mid-April: META has been in a clear and sustained downtrend, characterized by lower highs and lower lows. Price consistently failed to break above prior resistance levels, confirming seller dominance.
Capitulation & Bounce (mid-April): The sell-off intensified into mid-April, where META appears to have formed a temporary bottom around $485–$490, aligning closely with a support zone (marked by the red line at $479.76).
Recent Recovery: The stock has since shown signs of short-term strength, bouncing approximately 12% off the April lows. However, this move currently resembles a bear market rally rather than a true trend reversal.
Key Levels
Resistance:
$582.60 (Pre) – Historical pivot level; potential rejection zone.
$613.73 – Structural resistance and supply zone. Confluence with prior breakdown point.
$641.63 – $657.80 – Major resistance range. Represents previous distribution zone and failed breakout area.
Support:
$546.00 (Current level) – Price is hovering just above minor structure but remains vulnerable.
$479.76 – Last-ditch structural support; breakdown below opens risk to lower $400s.
Volume spike near the “E” suggests earnings reaction was a key turning point — important to monitor how price holds above this level.
Volume & Momentum
Volume Profile: Increased volume at the recent low suggests capitulation or accumulation. This could mark the early stage of a base, but it’s too soon to confirm.
Momentum Indicators (Not visible here but assumed): Typically, RSI/MACD would now be recovering from oversold. However, given the context, momentum is likely neutral-to-slightly-bullish but fragile.
Technical Outlook
Short-term: META is attempting to recover within a broader downtrend. Watch for price action around $560–$582. If it rejects and turns lower, that would confirm the bear flag or rising wedge pattern.
Medium-term: The stock must reclaim and hold above $582.60 to gain serious traction. Otherwise, this bounce may serve as a dead cat rally before another leg down.
Long-term Investors: Wait for either:
A successful breakout above $613.73 with strong volume and follow-through, or
A flush toward $479.76 followed by a clear reversal pattern (e.g., double bottom, bullish engulfing).
Analyst’s Summary
This is a fragile recovery within a technically damaged chart. META must prove this bounce is real by retesting and holding higher levels. Otherwise, sellers remain in control. Patience and discipline are key here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.