Enid Bertha
05-08

$Meta Platforms, Inc.(META)$ Daily Chart Analysis

Daily chart over 5 years shows two Death Crosses (yellow circles), where the 50-day moving average (yellow line) crosses below the 200-day moving average (red line):

First Death Cross: Late 2021–Early 2022

- 50-DMA fell below 200-DMA, signaling a bearish trend.

- Result: Prolonged downtrend, with META bottoming at ~$88 in late 2022.

- Volume: Rising red bars confirmed selling pressure. Second Death Cross: Q1–Q2 2025

- 50-DMA is crossing below 200-DMA again, signaling potential reversal or correction.

- Price: Hit an ATH of ~$720, dropped to ~$490, now at ~$590.

- Trend: Bearish unless 50-DMA reclaims 200-DMA. Past suggests downside risk if macro or earnings weaken.

Outlook

- Previous Death Cross caused a ~75% drop. A similar decline is unlikely, but short-term topping is possible unless buyers hold 200-DMA and push above $600.

- Support: $530 (200-DMA & prior pivot).

- Resistance: $620–$650 (50-DMA & prior breakdown zone).

TL;DR

META’s recent Death Cross mirrors 2021’s, which triggered a major selloff.

Watch for weakness below 200-DMA (~$570).

A move above 50-DMA (~$600) could signal recovery.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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