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Facebook Technical Analysis - Facebook Trading: 2022-06-17

Facebook Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 159.52

Sell Stop

Above 201.91

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2110
IndicatorSignal
RSI Neutral
MACD Sell
Donchian Channel Sell
MA(200) Buy
Fractals Neutral
Parabolic SAR Sell

Facebook Chart Analysis

Facebook Chart Analysis

Facebook Technical Analysis

The technical analysis of the Facebook stock price chart on daily timeframe shows #S-FB,Daily has fallen under the 200-day moving average MA(200) as it started retreating after hitting all-time high nine months ago. We believe the bearish momentum will resume after the price breaches below the lower boundary of Donchian channel at 159.52. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper boundary of Donchian channel at 201.91. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (159.52) without reaching the order (201.91), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Facebook

Facebook’s stock closed down after news it made antitrust commitments regarding the French online advertising sector. Will the Facebook stock price continue retreating?

Meta Platforms, Inc. is an American social media giant formerly known as Facebook, Inc. which changed its name to Meta Platforms, Inc. in October 2021. Its market capitalization is $483.3 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 12.82 currently. The company earned a revenue for the trailing twelve months of $119.7 billion, Return on Assets (ttm) of 16.74% and Return on Equity (ttm) of 29.07%. Meta announced it will give access over a five-year period to advertising inventories and campaign data to so-called advertising technology companies in the French online advertising sector when a level of spending is met on its interface. Meta provides access to the advertising data through Meta Business Partner. France's anti-trust watchdog body said on Thursday it had approved commitments made by Facebook to give access on transparent, objective and predictable conditions. Facebook stock closed down 5% on the day after the news.

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