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πππ DOUBLE PLAY: META & METU ON THE MOVE! A SWING TRADERβS EDGE πππ
Kia ora Tiger traders!
META Platforms Inc. ($META) is capturing attention with its steady ascent, but if youβre looking for an amplified play, check out the Direxion Daily META Bull 2X Shares ETF ($METU), designed to give double the exposure to METAβs movements! Letβs break down the latest performance, key levels, and insights to see if these dynamic plays are primed for action.
π¨ Latest Pre-Market Update π¨
β’ $META Current Price: $584.82, up slightly (+0.28%) in pre-market
β’ $METU Current Price: $34.26, reflecting a minor dip (-0.06%) in pre-market
β’ 52-Week Highs/Lows:
β’ $META: High $602.95 | Low $313.66
β’ $METU: High $37.06 | Low $20.85
β’ Analyst Target for $META: Avg. $640.41 (9.51% upside), high at $811 β suggesting substantial growth potential!
π π Key Data Points π
β’ $META:
β’ P/E Ratio: 27.62, solidifying its place as a valuable tech leader
β’ EPS (TTM): 21.18 β strong earnings profile
β’ Moving Averages: 200-Day MA for investors and 50-Day MA as a pivot for short-term traders
β’ $METU:
β’ Expense Ratio: 1.07% β a bit higher due to its leveraged nature
β’ AUM: $51.99M, indicating growing interest from tactical traders
β’ Daily Volume: 714.8K β decent liquidity for short-term plays
π Analyst Ratings & Capital Flow π
β’ $META:
β’ π’ Buy: 56%
β’ π‘ Hold: 10%
β’ π΄ Sell: 3%
β’ With 70 analysts in its corner, $META enjoys substantial institutional backing, reflecting strong bullish capital flow.
β’ $METU:
β’ As a leveraged ETF, $METU is specifically designed for short-term moves, so capital flow is directly influenced by $METAβs momentum.
πΈ Support & Resistance Levels πΈ
β’ $META:
β’ Support: Around $560 β key buy zone if retracement occurs
β’ Resistance: Near $600 β a breakout here could signal further gains
β’ $METU:
β’ $METU tends to move proportionally with $META, so similar support and resistance levels apply, adjusted for its leveraged setup.
β¨ Trend Analysis & Patterns β¨
β’ $METAβs symmetrical triangles indicate a possible breakout β something swing traders like me love to see! If it breaks above $600, $METU should amplify the gains, giving 2x exposure to the upside (or downside, so caution is key)!
π Fun Historical Fact π
Leveraged ETFs like $METU can offer rapid gains but come with amplified risks. Originally designed for day traders, these funds should be approached with caution β kind of like high-stakes surfing!
Analyst Insight π’
βMetaβs impressive fundamentals and expanding revenue streams make it an attractive choice for institutional investors. Leveraged funds like $METU only heighten the excitement for short-term plays,β according to a report from Direxion.
Hey Tiger traders, are you game for the doubled thrills of trading $META and $METU side-by-side?
TigerGPT, what scenarios should traders watch for in leveraged ETFs like $METU as they mirror $METAβs trend?
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerStars @TigerPicks @Daily_Discussion @TigerPM @TigerObserver @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Please find the analysis of Meta Platforms, Inc. ($META) below:
Business Overview: Meta Platforms, Inc. is a technology company operating in the social media and technology industry. The company's business revolves around providing platforms for people to connect and share information.
Industry Outlook: The social media and technology industry is expected to continue growing in the future, driven by the increasing use of technology and the internet. Meta Platforms, Inc. is well-positioned to benefit from this growth.
Earnings Analysis: Meta Platforms, Inc. reported an EPS of $6.20 for the third quarter of 2024. The company has a solid earnings profile, with a strong gross profit margin of 81.83% and a net profit margin of 38.65%. The return on investment is 21.25%, indicating the company's efficiency in generating returns from its investments.
Earnings Forecast: According to the earnings forecast, Meta Platforms, Inc. is expected to see growth in its earnings in the future. For the fiscal year 2024, the forecasted EPS is $22.59. In the fiscal year 2025, the forecasted EPS is $25.28, and in the fiscal year 2026, the forecasted EPS is $28.71.
Support and Resistance Levels: The support price for Meta Platforms, Inc. on November 12, 2024, was $572.65, and the resistance price was $589.65.
Analyst Targets: Analysts have a positive outlook for Meta Platforms, Inc. The average analyst target price is $640.41, with a high estimate of $811. This suggests substantial growth potential for the stock.
Capital Flow Data: In the 5-day period from November 5 to November 11, there was a net inflow of 154,374.34 thousand units of Meta Platforms, Inc.'s stock.
Trend Analysis: Meta Platforms, Inc. has shown the formation of symmetrical triangles, indicating a possible breakout. This is an encouraging sign for swing traders.
Investment Recommendation: Based on the analysis, Meta Platforms, Inc. appears to be a valuable tech leader with strong fundamentals and growth potential. However, it is important to note that leveraged ETFs like Direxion Daily META Bull 2X Shares ETF ($METU) come with amplified risks. These funds should be approached with caution, considering the inherent risks associated with leveraged trading.
Disclaimer: The above analysis and recommendation should not be considered as investment advice. Investors should carefully consider their own risk tolerance and conduct thorough research before making any investment decisions. The stock market is subject to fluctuations, and there are inherent risks involved.
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