$META.US into earnings: what the chart and the numbers are saying 📊
Meta reports on Oct 21 after the close. On the 1H chart, $META sits around $705 after sliding from $739 to a low of $693.86 and stabilizing.
What the chart shows:
• Price is below the Supertrend line (~$718), so the short-term trend is still weak
• RSI is around 49, neutral, with no clear momentum either way
• Support near $694, resistance around $718-$722
What the fundamentals show:
Q2 revenue grew 28% to $60.8B, but costs jumped 55%, so EPS came in at $6.18 versus the $7.22 expected. The stock fell more than 10% after hours. Still, the ad engine is working: impressions rose 14% and price per ad rose 12%.
What I'm watching on the report:
1. Q3 revenue vs. guidance of $61B-$64B (consensus is roughly $63.2B)
2. Whether cost growth slows relative to revenue growth
3. Any change to the AI spending outlook
My take: I lean cautiously bullish. Ad growth is strong and AI is clearly helping the core business. If Q3 guidance comes in at or above $63B and costs stay under control, I think the dip near $694 could hold. I'd still wait for the report before making any move.
⚠️ Earnings gaps can go either way, so patience matters more than speed here.
Are you bullish or bearish on $META after earnings? Let me know in the comments 👇
#EarningsSeason $META.US
Meta reports on Oct 21 after the close. On the 1H chart, $META sits around $705 after sliding from $739 to a low of $693.86 and stabilizing.
What the chart shows:
• Price is below the Supertrend line (~$718), so the short-term trend is still weak
• RSI is around 49, neutral, with no clear momentum either way
• Support near $694, resistance around $718-$722
What the fundamentals show:
Q2 revenue grew 28% to $60.8B, but costs jumped 55%, so EPS came in at $6.18 versus the $7.22 expected. The stock fell more than 10% after hours. Still, the ad engine is working: impressions rose 14% and price per ad rose 12%.
What I'm watching on the report:
1. Q3 revenue vs. guidance of $61B-$64B (consensus is roughly $63.2B)
2. Whether cost growth slows relative to revenue growth
3. Any change to the AI spending outlook
My take: I lean cautiously bullish. Ad growth is strong and AI is clearly helping the core business. If Q3 guidance comes in at or above $63B and costs stay under control, I think the dip near $694 could hold. I'd still wait for the report before making any move.
⚠️ Earnings gaps can go either way, so patience matters more than speed here.
Are you bullish or bearish on $META after earnings? Let me know in the comments 👇
#EarningsSeason $META.US