Volatility Contraction Sets Up META Move Near $663.29

Meta Platforms Inc (META) closed down 0.64% at $663.29 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($660.40) with a bullish stack. The 21-day EMA at $654.35 provides support.
• Momentum: RSI at 62.8 is in neutral territory. MACD is bullish (4.09 vs signal 1.67).
• Volatility: Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.

Key levels to watch: Support at $636.99, Resistance at $674.60.