Volatility Contraction Sets Up META Move Near $663.29
NeutralMeta Platforms Inc (META) closed down 0.64% at $663.29 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($660.38) with a bullish stack. The 21-day EMA at $652.37 provides support.
Momentum
RSI at 66.4 is in neutral territory. MACD is bullish (3.95 vs signal 1.46).
Volatility
Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.