META Coiled Spring Ready to Release at $620.80
Meta Platforms Inc (META) advanced 0.86%, ending the session at $620.80 on January 16.
Chart analysis reveals a bearish configuration:
Momentum
RSI at 33.9 is neutral but weakening. MACD reads -7.33 against its -3.01 signal line (bearish).
Moving Averages
Moving averages are stacked bearishly—price below the 9-day at $637.25, resistance at 21-day ($643.96).
Volatility
Stock has been in a TTM Squeeze for 8 days, indicating compressed volatility and potential for a significant move.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $623.27.
Support sits at $623.27 with resistance at $680.90.
