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Last Updated: Jun 17, 2025 03:17:33 PM (GMT)
META/USD: The current market price is 699.25, reflecting a 1.15% increase from the previous close. Today's high-impact economic reports, including U.S. retail sales data, are anticipated to influence market dynamics, with expectations for a decrease in retail sales from 5.2% to 4.9%.
Support and Resistance Levels Key support levels are at 695.07, 694.88, and 694.38. Resistance levels are noted at 699.90, 700.74, and 701.45, while the pivot point is set at 698.50.
Indicators The RSI indicates an oversold condition at 20.04, suggesting potential upward momentum. The ADX is at 36.73, indicating a strong trend, while the Parabolic SAR is above the current price, signaling the potential for a bearish reversal.
Market Sentiment With the current price above the pivot point of 698.50 and strong trend indicators, a bullish scenario appears likely.
META has this year gone up by 50%. This is despite a tough 2022 and indicates it s a good time to consider the Facebook stock as a buy. However, note that the significant gains could be the result of the company's sharp drop in 2022. The aftermath rebound shows that the stock is on time this year to grow and pay off investors.
The general outlook for META is somewhat stagnant due to lagging advancement across VR/AR technologies. META seems highly invested in building the Metaverse, and could significantly rely on the mentioned technologies. While there seems to be an upward rebound trajectory, this is not enough information to conclude a bullish prediction. Again, it's not fair to dismiss the stock as bearish given its endurance through the tough 2022.
META's stock is influenced by both tech-industry force and company perfomance. In 2022, the tech industry slumped, however, META witnessed its stock fall below the tech-heavy NASDAQ 100 index. Advancement across the VR/AR industry is also likely to affect the price of Facebook stocks.
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