Wall Street expects Meta Platforms Inc (NASDAQ:META) to report $4.72 in earnings per share and $38.3 billion in revenues when the company releases second-quarter financials after market hours on Wednesday.
The stock is up 45.38% over the past year — 30.86% year-to-date.
Meta Platforms' current stock price of $463.22 reflects a strongly bearish trend, as it sits below its 5, 20, and 50-day exponential moving averages. This signals slight selling pressure in the market. See below.
Chart created using Benzinga Pro
The eight-day simple moving average (SMA) is at $468.57; the 20-day and 50-day SMAs are $490.23 and $491.29, respectively.
All three indicators suggest bearish momentum around Meta stock.
2 Indicators Hint At Possible Reversal In Meta Stock Trend
Furthermore, the 200-day SMA is positioned at $431.72, indicating a bullish signal over the long term, given the current price is above this level.
Chart created using Benzinga Pro
The Moving Average Convergence Divergence (MACD) indicator reads -10.57, reinforcing the bearish sentiment.
Meta's Relative Strength Index (RSI) is 39.79, which indicates that the stock is approaching oversold territory, suggesting that selling momentum may soon weaken.
The Bollinger Bands (25) range from $443.04 to $545.41, and with the stock price trading in the lower band, this supports a bearish perspective, indicating potential downward momentum.
Overall, Meta stock's technical indicators are aligned towards a bearish outlook, though the RSI and 200-day SMA hint at a possible opportunity for reversal if buying pressure increases.
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Meta Analysts See 20% Upside
MetaRatings & Consensus Estimates: The consensus analyst rating on Meta stock stands at a Buy currently with a price target of $532.43. Recent analyst ratings from JMP Securities, Wedbush, and Bernstein suggest a 20.10% upside for Meta stock with an average price target of $556.67.
METAPrice Action: Meta stock closed the trading day of Tuesday at $463.19, down 0.54%.
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
