Meta Platforms may fall to 376.00 - 393.00

Our pivot point stands at 486.

Our preference

The downside prevails as long as 486 is resistance.

Alternative scenario

The upside breakout of 486 would call for 515 and 533.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 499.2381 and 492.1073).

Supports and resistances

533 **

515 *

486 **

475

453.41 (USD-last)

409

393 **

376 *

360 **

Number of asterisks represents the strength of support and resistance levels.