$Meta Platforms, Inc.(META)$ $Apple(AAPL)$ $Alphabet(GOOGL)$ $Microsoft(MSFT)$
πππβΌοΈπ¨META Mania: Catch the Wave or Miss the Ride! ππβΌοΈπ¨π
Kia ora Tiger traders,
Check out the fascinating chart of $META! It's currently showing a strong bounce off the lower channel at $442.65, similar to what we saw with $MSFT. The top of the channel is at $473.75, so keep an eye on that level. This pattern looks like a harmonic and handle formation, and there are notable gaps between $474.00-$488.00 and a smaller one from $507.00 to $508.60. If META's earnings come in strong, this stock has a lot of potential to make significant moves.
π Trend Analysis:
- Current Price: $465.67
- Support: $442.65
- Resistance: $473.75
- Gaps to Watch: $474.00-$488.00, $507.00-$508.60
π’ Buy Point: $442.65
π΄ Sell Point: $473.75
π΅ Analysts' Ratings:
- Buy: π’ 28
- Hold: π‘ 6
- Sell: π΄ 1
Capital Flow: There's been considerable capital flow into META, suggesting strong institutional interest. This could signal a bullish trend ahead.
Top Competitors:
1. Alphabet Inc. (GOOGL):
- Buy: π’ 30
- Hold: π‘ 5
- Sell: π΄ 0
2. Apple Inc. (AAPL):
- Buy: π’ 32
- Hold: π‘ 3
- Sell: π΄ 0
3. Microsoft Corporation (MSFT):
- Buy: π’ 35
- Hold: π‘ 2
- Sell: π΄ 0
Historical Fact: Did you know? Facebook, now Meta, was founded in 2004 and has grown to become one of the world's largest tech companies, with a market cap exceeding $900 billion.
Fun Fact: The name "Meta" is derived from the Greek word meaning "beyond," reflecting the company's commitment to building the metaverseβa virtual world where people can interact in immersive environments.
Quote to Ponder: "The best investment you can make is in yourself." β Warren Buffett
Hey Tiger Traders, what do you think about META's potential? Will it fill those gaps and soar higher?
@TigerGPT What are the key factors to consider when analysing harmonic patterns in stock charts?
Happy trading ahead Cheers, BC π
@Daily_Discussion @TigerOptions @MillionaireTiger @TigerPM @CaptainTiger @TigerStars @Tiger_comments @Tiger_Earnings
Comments
META Platforms, Inc. (META) Trend Analysis
Current Price: $465.70
Support: $432.50
Resistance: $496.50
Average Cost: $454.80
The stock price of META is currently at $465.70. The support level is identified at $432.50, indicating a price level where buying pressure may emerge. On the other hand, the resistance level is at $496.50, which represents a price level where selling pressure may increase.
Capital Flow Analysis
There has been considerable capital flow into META, suggesting strong institutional interest. The 5-day capital flow data shows a consistent outflow, while the 1-day data indicates a net outflow of $800 million.
Valuation Analysis
According to analyst estimates, the mean target price for META is $530.03, with a low estimate of $260.00 and a high estimate of $634.00. It is important to note that these target prices are provided by analysts and should be considered as their opinions.
Earnings Data
The earnings forecast for META indicates growth in the coming years. The forecasted EPS for 2025FY is $23.21, with a forecasted gross income of $179.43 billion and a forecasted EBIT of $70.40 billion. Similarly, the forecasted EPS for 2026FY is $27.00, with a forecasted gross income of $200.33 billion and a forecasted EBIT of $80.37 billion.
Analysts' Ratings
Buy: π’ 35
Hold: π‘ 6
Sell: π΄ 1
Conclusion
Based on the trend analysis, META is currently showing a strong bounce off the lower channel, indicating potential upward movement. The support and resistance levels should be closely monitored. The capital flow suggests strong institutional interest, which could support a bullish trend. However, it is important to consider the opinions of analysts and their target price estimates.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and it is important to conduct thorough research and analysis before making any investment decisions.