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Tag: META

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Meta Falls Below $100 For The First Time Since 2016

Meta is one of the world’s most valuable companies. As of 2021, the revenue was over $117billion. Mark Zuckerberg is the controlling shareholder of Meta. In October 2021, Meta changed its name from Facebook. Meta reached an all-time high at $384.33 in August 2021. All months in 2021 closed bearish except for March and April 2022. The Bulls are having a hard time with the continuous downtrend movement since 2021 all-time high.

Weekly Chart

Meta’s share price closed at $130.28 on the 26th of October, but opened today, the 27th of October at $98.04 as a result of a gap-down. On the Daily Chart, RSI shows price has been oversold in September and October. A price rally might occur, which could close the gap down and price could reach $120.

Monthly Chart

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here

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Meta Share Slumps, The Worst Day Fall For Any Stock

The Facebook parent company, Meta Platform Inc plunged 26% last week Thursday after the release of poor earnings results. About $251.3 billion in market value was wiped out, making it the biggest daily loss for any U.S. company ever. As a result of this fall, Mark Zuckerberg lost over $30 billion. This massive fall of Meta made other tech stocks fall, the likes of Twitter, Snap, and Pinterest.

Weekly Chart

In the year 2021, the opening price of Meta was $274.79 and closed at $332.46. The appreciation in price put smiles on the faces of investors. Now, the reverse is the case this year. The opening price of the Meta stock was $338.26 but now the price is at $237.01, which is a 30% loss from the year’s opening price. Long-term investors have nothing to fear about the most recent dip in the price of Meta. In the coming weeks, the price could rally to $381, which will eventually lead to a new all-time high.  There was a gap down when the market opened last week Thursday as a result of the earnings report. On Friday, Meta’s loss increased because of the continued bearish turn, but at the end of the trading day, there was a rally that formed a Doji. RSI using the daily time frame shows that price has been oversold, which could lead to a possible reversal.

Monthly Chart

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here.

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