META Dips 0.4%, $633 Support Holds
$Meta Platforms, Inc.(META)$
Dips -0.41%: Social Media Giant Tests Support at $633, AI Investment Cycle Consolidating
Latest Close Data
META closed at $633.61 on Nov 27, down -0.41% (-$2.61) from previous close of $636.22.
Stock trading 20.4% below 52-week high of $796.25, with narrow intraday range of $631.63-$638.36.
Core Market Drivers
Meta faces consolidation pressure amid ongoing AI infrastructure spending concerns and regulatory scrutiny over social media practices.
Capital flow shows mixed signals with $246.8M inflow vs $249.2M outflow, indicating institutional indecision. Short interest elevated at 10.55% ratio suggests bearish sentiment persisting.
Technical Analysis
Volume at 15.22M shares (0.66x ratio) shows subdued interest.
MACD improving with DIF at -22.62 vs DEA at -28.27, generating bullish divergence signal. RSI(6) at 66.46 indicates overbought territory cooling off, while RSI(12) at 48.60 suggests neutral momentum.
KDJ shows K-line at 68.57 crossing above D-line at 46.77.
Key Price Levels
Primary Support: $627.25 (recent technical floor)
Strong Resistance: $715.25 (psychological barrier)
Immediate Pivot: $640.00 (pre-market resistance level)
Valuation Perspective
Current P/E TTM at 27.99x vs historical average of 23.41x, suggesting premium valuation.
P/S ratio of 8.43x reflects high growth expectations. EPS TTM of $22.63 with ROE at 32.64% demonstrates strong profitability metrics.
Analyst Targets
65 analysts covering META with average target of $838.17 (32.3% upside potential).
Strong consensus: 20 Strong Buy, 41 Buy, 7 Hold ratings. Target range: $685-$1,117 indicates wide institutional outlook variance.
Weekly Outlook
Expect consolidation between $620-$650 range as stock digests recent gains.
Break above $640 pivot could target $665 resistance, while failure at $627 support may test $600 psychological level. MACD bullish crossover suggests upside bias emerging.
Risk Disclaimer
This analysis is for informational purposes only and does not constitute investment advice.
Past performance does not guarantee future results. Please conduct your own research before making investment decisions.
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