Understanding META's Trends: Navigating the Shifts in the Stock Market.
The daily price of META has been in the Bullish zone for 11 consecutive days. After a recent uptrend, it shifted to a correction trend starting from October 12th, indicating a continued correction trend in the near future.
Although there might be signs of a return to the uptrend next week, the likelihood of a complete reversal to the bullish trend seems low, with an overall continuation of the correction trend anticipated.
As we approach mid to late October, the overall trend is expected to weaken further, entering the Bearish zone and giving rise to a downtrend. In the short term, the expected returns appear modest.
Oct 12, 2023 | |||
◆ Closed price | |||
324.16 | -1.12% |
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◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy] | |||
◆ Today's stock price Buy-Sell intensity analysis | |||
The current trend appears to be 'Correction trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and an appropriate LOW-price compared to the current trend. Finally, the CLOSE-price closed with a stronger decline rate than the current trend. | |||
The overall buy-sell intensity indicates that the sell intensity is stronger than the buy. | |||
Assuming that the average sell intensity is -100%, | |||
Today's sell intensity is | -147% | | |
◆ Tomorrow's stock price Buy-Sell intensity Prediction | |||
Based on recent stock trends and technical analysis, it looks like META stock is poised for an Correction trend tomorrow | |||
The %intensity of Risk & Return tomorrow : | -42% | ||
HIGH ~ LOW % range tomorrow : | 0.3% | -1.0% | |
Predicted Average loss over the next 3 days: | -2.8% | ||
The price of META stock moves in line with the rise and fall of the stock market index with a probability of | 76% | | |
, and conversely, it moves against the stock market index trend with a probability of | 24% | | |
because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-day forecast may also change. | |||
◆ META stock price 10 Day prediction [Short-term strategy] | |||
It is expected that the overall trend movement over the next 10 days will follow a strong upward direction, with a ratio of 6 : 4 for the downward to upward direction, indicating a higher proportion of the downward trend. However, in terms of the expected strength of the upward and downward movements, the downward strength is moderate, while the upward strength is somewhat higher. Currently, it's in the midst of a correction trend in a downward-trending market with a box pattern of price fluctuations, marked by small increases and downward fluctuations. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions. | |||
Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be in 3 days. | |||
The buying date is | Oct 16 | to | Oct 17 |
A good price to buy a stock: | $ 320.06 | ||
And the appropriate selling timing is predicted to be in 5 days. | | ||
The selling date is | Oct 18 | to | Oct 19 |
A good price to sell a stock: | $ 331.11 | ||
(Prediction may shift due to changes in the Buy-Sell intensity) | |||
◆ Volatility of Prediction | |||
Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility. | |||
◆ Prediction the turning point of the trend | |||
The probability of a trend reversal occurring approximately 4 days from now, 7 days from now | 44% | ||
◆ Prediction of Upper~Lower price range over the next 10 days | |||
Price: | 321.51 | ~ | 337.11 |
% Change: | -0.8% | ~ | 4.0% |
Median price between the upper and lower prices | 329.31 | 1.6% | |
◆ Analysis of the trend zone & level% and average intensity of trends | |||
For the last 30 days, the average trend zone & level% | Bullish | 11% | |
The Current trend zone & level% | Bullish | 144% | |
The expected average trend zone & level% for the next 10 days | Bullish | 93% | |
If the trend moves upward from the current trend level%, it's expected to have an average upward strength of | 56% | (Max 100%) | |
And if it moves downward, it is expected to have a downward strength of | -39% | (Min -100%) | |
◆ Prediction the intensity of the trend and the range of the HIGH ~ LOW | |||
Trend | %Intensity | HIGH | LOW |
In 1 day: Correction trend | -42% | 0.3% | -1.0% |
In 2 days: Correction trend | -50% | 0.1% | -1.6% |
In 3 days: Entering an uptrend | -42% | 0.0% | -0.6% |
In 4 days: Entering an uptrend | 65% | 2.2% | 0.1% |
In 5 days: Uptrend | 24% | 1.5% | -0.2% |
In 6 days: Turning into a correction trend | -32% | 0.4% | -1.2% |
In 7 days: Entering an uptrend | -48% | 0.1% | -1.9% |
In 8 days: Uptrend | -18% | 0.4% | -0.5% |
In 9 days: Uptrend | 62% | 1.7% | -0.1% |
In 10 days: Uptrend | 73% | 2.2% | 0.2% |
◆ Average closing price in case of rising: | | 1.5% | |
=> HIGH ~ LOW range: | 2.2% | ~ | -0.8% |
◆ Average closing price in case of falling: | | -0.8% | |
=> HIGH ~ LOW range: | 1.1% | ~ | -1.6% |
The 10-day prediction and technical analysis of META stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis. |
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