Technical Strength: META Clears Moving Averages at $762.50
Shares of Meta Platforms Inc (META) rose 2.63% to $762.50 on October 14.
Key indicators suggest a bullish bias:
Moving Averages
Price trades above the 9-day EMA ($735.65) with a bullish stack. The 21-day EMA at $714.93 provides support.
Momentum
RSI at 66.1 is in neutral territory but trending higher. MACD is bearish (25.87 vs signal 28.85).
Volatility
Bollinger Band width at 14.9% indicates normal volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Technical levels: $673.50 support, $781.83 resistance.
