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Sergey Savastiouk's Avatar
published in Blogs
Apr 27, 2023

Meta Stock Soars to a Yearly High on Projected Revenue Growth and Bullish Technical Signals

This AI trading robot, available at Swing Trader: BABA, F, META, NVDA, WMT (TA), was a top performer in our robot factory, generating 51% for META  over the past 6 months.

 

Meta Platforms Inc. (META), Facebook's parent company, saw its stock price reach the highest level in a year as the company projected significant revenue growth. Technical indicators also support the bullish trend, with the Aroon Indicator triggering a bullish signal on April 25, 2023.

The Aroon Indicator, developed by Tushar Chande in 1995, measures the strength and persistence of a trend. It consists of two components: the AroonUp (green) line and the AroonDown (red) line. When the AroonUp line moves above 70 and the AroonDown line remains below 30, it's a sign that the stock could be setting up for a bullish move.

According to Tickeron's A.I.dvisor, META's Aroon Indicator showed the AroonUp green line above 70 while the AroonDown red line remained below 30 on April 25, 2023. This bullish signal indicates that traders may want to buy the stock or look to buy call options.

To assess the accuracy of this signal, A.I.dvisor analyzed 272 similar instances where the Aroon Indicator showed a similar pattern. In 210 of the 272 cases, the stock moved higher in the days that followed, putting the odds of a move higher at 77%.

The bullish technical signal, combined with Meta's projected revenue growth, is driving optimism among investors. The company's recent earnings release and forward guidance have spurred the market to push Meta's stock price to its highest level in a year.

Meta Platforms Inc. is experiencing a bullish trend driven by strong technical indicators and the company's projected significant revenue growth. With a 77% historical success rate of the Aroon Indicator in predicting upward moves, traders and investors may want to consider taking a long position in the stock or purchasing call options to benefit from the potential gains.

Related Ticker: META

Aroon Indicator for META shows an upward move is likely

META's Aroon Indicator triggered a bullish signal on June 11, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 349 similar instances where the Aroon Indicator showed a similar pattern. In of the 349 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 03, 2024. You may want to consider a long position or call options on META as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

META moved above its 50-day moving average on June 05, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for META crossed bullishly above the 50-day moving average on June 10, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where META advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for META moved out of overbought territory on June 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 50 similar instances where the indicator moved out of overbought territory. In of the 50 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where META declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

META broke above its upper Bollinger Band on June 05, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. META’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (8.177) is normal, around the industry mean (14.667). P/E Ratio (33.034) is within average values for comparable stocks, (48.306). Projected Growth (PEG Ratio) (1.115) is also within normal values, averaging (3.441). Dividend Yield (0.001) settles around the average of (0.026) among similar stocks. P/S Ratio (9.569) is also within normal values, averaging (110.644).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to slightly better than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Spotify Technology SA (NYSE:SPOT), Baidu (NASDAQ:BIDU), Pinterest (NYSE:PINS), Tencent Music Entertainment Group (NYSE:TME), Snap (NYSE:SNAP), Twilio (NYSE:TWLO), Zillow Group (NASDAQ:Z).

Industry description

Companies in this industry typically license software on a subscription basis and it is centrally hosted. Such products usually go by the names web-based software, on-demand software and hosted software. Cloud computing has emerged as a major force in this space, making it possible to save files to a remote database (without requiring them to be saved on local storage device); as long as a device has access to the web, it can access the data and the software programs to run it. This has in many cases facilitated cost efficiency, speed and security of data for businesses and consumers. Alphabet Inc., Facebook, Inc. and Yahoo! Inc. are some well-known names in the internet software/services industry.

Market Cap

The average market capitalization across the Internet Software/Services Industry is 60.93B. The market cap for tickers in the group ranges from 1.11K to 1.94T. GOOGL holds the highest valuation in this group at 1.94T. The lowest valued company is MSEZ at 1.11K.

High and low price notable news

The average weekly price growth across all stocks in the Internet Software/Services Industry was -1%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was 11%. ONFO experienced the highest price growth at 60%, while HRYU experienced the biggest fall at -40%.

Volume

The average weekly volume growth across all stocks in the Internet Software/Services Industry was -14%. For the same stocks of the Industry, the average monthly volume growth was -28% and the average quarterly volume growth was -63%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 46
P/E Growth Rating: 73
Price Growth Rating: 58
SMR Rating: 83
Profit Risk Rating: 91
Seasonality Score: 4 (-100 ... +100)
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METADaily Signal changed days agoGain/Loss if shorted
 
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