Resistance

Simply

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>META stock price decreased by 2.38% over the past 24 hours and by 4.02% over the past week.</a> </li> 
 <li> <span>2</span> <a>Meta Platforms, Inc ( NASDAQ: META) stock’s 52-week price range is $167 – $326.</a> </li> 
</ul> 
<p>Meta experienced an incline in its earnings at a rate of 9.9% per year on average, according to Simply Wall St., a financial website. The interactive media and services industry’s average annual earnings growth is 2.7%. Therefore, Meta’s earnings are higher than the industry average.</p> 
<p>Meta has a debt-to-equity ratio of 13.7%, as reported by Simply Wall St. This implies that it has less debt than equity, which is the difference between its total assets of $206.69 Billion and total liabilities of $72.66 Billion. Meta’s debt is $18.38 Billion, while its equity is $134.03 Billion.</p> 
<p>Moreover, Meta Platforms, Inc’s (META) stock market capitalization is $785.483 Billion and the total revenue is $116.609 Billion. Moreover, the stock’s basic EPS is $8.64 and the price-to-earnings ratio is 36.44.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-meta-stock-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of META Stock Stock Price in 1-D Timeframe</strong></h2> 
<p>The price action shows that Meta Platforms, Inc’s ( NASDAQ: META) stock price has been on an inclining trend for the last three months, increasing by 30.96% making higher highs and higher lows, and rising upwards.</p> 
<p>At the time of writing, META stock is facing resistance and violating the uptrend by making lower lows from $326.01 trading at around $305.21, and declining.</p> 
<p>Therefore, if the META price fails to sustain the current level and drops, it might hit the nearest support levels of $292.45 and $259.19.</p> 
<p>However, if it maintains the current level, the META prices could continue to move upward and reach the first and second resistances of $326.01 and $352.82.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/mZOJRmKesIrBFQGXAkRZK63IQESKrkZ-Ai3jMj3h0r8Kred8_Qjh6YjNEc4pMDcTZd7QhQbZqqXnbzPtuRvX5EmagrT3dXyiK3UgQV29E6sbHw_5LtAKQORenfBauhA60H0eaCd_ml_QtP53K1txYnw" alt="META Stock Price Prediction: Is Meta Gonna Fall Beneath $300?"> 
  <figcaption class="wp-element-caption">
    Source: META.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, <a href="https://www.thecoinrepublic.com/2023/07/25/meta-platforms-inc-meta-stock-preview-of-july-26-earnings/" target="_blank" rel="noopener noreferrer nofollow">Meta Platforms, Inc. (NASDAQ: META)</a> is trading above the 50, 100, and 200-day EMA (exponential moving averages), which supports the Meta price trend.&nbsp;</p> 
<p>However, the Meta stock price is facing resistance and trading below 20-day EMA, and if more selling volume adds up then the Meta price might conquer supporting EMA’s by making lower highs and lows.</p> 
<p>Hence, the Meta price is expected to move downwards showing bearish views over the daily time frame chart.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/2pMOruW0pSc1ZUAr3WkdlvCq_nwglUDPQsTseFLCaD4Jy9Q769GKZ263aAIMp5ypvRtSp4LJRZWnFtR8tGBPoGyZ3586h7lQdBm-2gXd07-42pVNjwNaITSMTOu3KXU2VOcWFbowp4ti3x9cM6fhRCI" alt="META Stock Price Prediction: Is Meta Gonna Fall Beneath $300?"> 
  <figcaption class="wp-element-caption">
    Source: META.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>The current value of RSI is 50.87 points. The 14 SMA is above the median line at 57.90 points which indicates that Meta stock took rejection from 14 SMA line, indicating the bearishness for the Meta stock.</p> 
<p>The MACD line at 6.23 and signal line at 7.75 are above the zero line and both lines have crossed each other. A bearish crossover is observed in the MACD oscillator which might signal more bearishness for <a href="https://www.thecoinrepublic.com/2023/07/25/meta-platforms-inc-meta-stock-preview-of-july-26-earnings/" target="_blank" rel="noopener noreferrer nofollow">the Meta stock price.</a></p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Meta Platforms, Inc. (NASDAQ: META) indicates that the investors and traders of the stock price are bearish on the 1-D time frame. The price action reflects a bearish outlook at the time of publishing. The technical analysis tools of the Meta stock price also support the bearish trend. The MACD, RSI, and EMA highlight negative signals and imply that the downtrend may continue in Meta’s stock price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels</strong>: The nearest support levels for Meta’s stock price are $292.45 and $259.19.</li> 
 <li><strong>Resistance levels:</strong> The nearest resistance levels for Meta stock price are $326.01 and $352.82.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

META Stock Price Prediction: Is Meta Gonna Fall Beneath $300?

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 10, 2023

OKX to List Render ($RNDR)

Is Ripple’s XRP Preparing For A Heavy Selloff? Here’s What To Expect From XRP Price Next

Monero and OKB Sees A Dip As Holders Jump Towards The Highly Anticipated Pomerdoge Presale

XRP Listed by Gemini After Recent Ripple Victory in Court

GM Stock Price Detours From Uptrend; Fall Continues Since Earnings

Lucky Roo Casino

Join our free newsletter for daily crypto updates!