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Last Updated: Jul 04, 2025 03:21:48 PM (GMT)
META/USD: The current market price stands at 733.64, reflecting no change from the previous close.
Support and Resistance Levels Support levels are 725.90, 720.24, and 715.95, while resistance levels are at 740.28, 745.43, and 750.50. The pivot point is 734.80.
Indicators The RSI is at 66.31, indicating momentum but nearing overbought conditions. The ADX is at 93.84, suggesting a strong trend. The Parabolic SAR shows a supportive bullish signal, while both 50-day SMA and 200-day EMA are trending upward, reflecting ongoing bullish sentiment.
Market Sentiment Overall, the market is bullish as the price is above the pivot point of 734.80, supported by strong indicators.
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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