Volatility Contraction Sets Up META Move Near $663.29
NeutralMeta 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.