Resistance

Simply

Billion

<ul class="list-ic vertical"> 
 <li> 1 <a>Meta stock price is currently trading at $314.31 and is made the higher pattern.</a> </li> 
 <li> 2 <a>Meta Platforms Inc. (NASDAQ: META) stock’s current market cap is $808.903 Billion.</a> </li> 
</ul> 
Meta stock is the new name of the company previously called Facebook. Meta Platforms Inc. (NASDAQ: META) is a social media powerhouse that operates well-known platforms such as Facebook, Instagram, WhatsApp, Messenger, and Oculus. Meta also revealed its plan to build a metaverse, a virtual realm where people can connect and create content. 
<h2 class="wp-block-heading" id="strong-fundamental-analysis-of-meta-stock-strong">Fundamental Analysis Of Meta Stock&nbsp;</h2> 
Meta has seen a growth of 9.9% in its earnings per year on average, according to Simply Wall St., a financial website. This is higher than the industry average of 3.6% for the Interactive Media and Services sector. 
Its revenues have also been increasing by 18.7% per year on average. Meta Platforms has a return on equity of 16.8% and a net margin of 18.7%. 
The company has a shareholder equity of $134.0 Billion and a debt of $18.4 Billion, resulting in a debt-to-equity ratio of 13.7%. As per Simply Wall St., Meta’s assets and liabilities are $206.7 Billion and $72.7 Billion, respectively. 
Company’ EBIT is $35.2 Billion, which implies an interest coverage ratio of -77.6. It has $53.4 Billion in cash and short-term investments. 
The market capitalization of META stock is $808.903 Billion, and the total revenue is $116.60 Billion. The stock’s basic EPS is $8.64, and the price-to-earnings ratio is 36.34. The average volume is 30.962 Million, and the current volume is 39.22 Million, which is above the average volume. 
The stock has performed well this month, rising by 14.40% and soaring by 117.85% in the last six months. Meta Platforms Inc. (NASDAQ: META) stock has a positive year-to-date return of 165.01% and a negative 1-year return of 106.40%. 
<h3 class="wp-block-heading" id="strong-meta-price-stock-technical-analysis-strong">Meta Price Stock Technical Analysis&nbsp;</h3> 
The price action shows that Meta Platforms Inc.’s (NASDAQ: META) stock price has been on a rising trend for the last three months, increasing by 36.18%. Currently, META’s price is trading at $314.31 and has been in an uptrend making higher highs and higher lows.&nbsp; 
<figure class="wp-block-image aligncenter size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Meta-Price-Stock-Technical-Analysis--1024x464.webp" alt="" class="wp-image-156420" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Meta-Price-Stock-Technical-Analysis--1024x464.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Meta-Price-Stock-Technical-Analysis--300x136.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Meta-Price-Stock-Technical-Analysis--768x348.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Meta-Price-Stock-Technical-Analysis--750x340.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Meta-Price-Stock-Technical-Analysis--1140x517.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Meta-Price-Stock-Technical-Analysis-.webp 1281w" sizes="(max-width: 1024px) 100vw, 1024px"> 
 <figcaption class="wp-element-caption">
 Source: META.1D.NASDAQ by TradingView 
 </figcaption> 
</figure> 
Meta Platforms, Inc. is trading above the 50 and 200-day EMAs (exponential moving average), which supports the bullish trend of the Meta stock price. The Meta price is likely to continue to rise as the daily chart shows bullish signals. 
The RSI is at 58.90 points and above the 50 level, indicating that the price is bullish. The 14 SMA is also above the middle line at 62.76 points, confirming the bullish momentum. 
The MACD line at 8.97 and signal line at 8.65 are above the zero line, and a bullish cross is expected soon in the MACD oscillator, which signals more upside potential for the META stock price. 
<h4 class="wp-block-heading">Summary</h4> 
<a href="https://www.thecoinrepublic.com/2023/07/25/meta-platforms-inc-meta-stock-preview-of-july-26-earnings/" rel="noopener noreferrer nofollow">Meta Platforms Inc.</a> (NASDAQ: META) shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action highlights a bullish outlook at the time of publishing. The technical parameters of the META stock price also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue in META stock price. 
<h5 class="wp-block-heading">Technical Levels</h5> 
Support levels: $292.00 and $260.00. 
Resistance levels: $352.00 and $383.00. 
<h5 class="wp-block-heading">Disclaimer</h5> 
The information provided in this article is for educational purposes only and does not constitute investment advice. Technical analysis is based on historical patterns and trends and does not guarantee future results. Trading involves risks and you should only invest what you can afford to lose.&nbsp;&nbsp;

Meta Stock Price Prediction: Is this A Break n the META Rally?

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