$METAB
$METAB (META): Sharp Two-Day Drop Ahead of Earnings
On October 16, Meta closed at $709.33, down about 3.72% on the day, and it had also fallen 3.27% on October 14. Market cap is about $1.81 trillion. (Meta Platforms ($MSFTB ) Stock Price & Overview +2)
๐น Technical picture
52-week range: $520.26 to $779.82. (stockanalysis)
Price is above both the 50-day average (about $643) and the 200-day average (about $630). The long-term trend is still upward. (kucoin)
However, MACD is below its signal line, which points to weaker short-term momentum. (kucoin)
Key support is around $628, with resistance in the $719โ$727 zone above. (kucoin)
๐น The big event: Q3 earnings
Meta reports after the close on October 21, with revenue expected at about $63.32 billion. Options markets are pricing in a move of roughly 7.3% in either direction. After last October's earnings the stock fell 11.33%, while July 2025 and January 2026 saw gains of over 10%. (Meta to Report Q3 Earnings on Oct. 21 Amid Rising Costs and Analyst Price Target Hikes +2)
๐น What to watch
2026 capital expenditure guidance is $130โ145 billion. Investors want to see whether ad revenue can keep paying for this AI spending. The average analyst target is about $814, but targets are never guaranteed. (stockanalysis)
๐น Possible scenarios (not predictions)
Bullish: Strong ad revenue and contained spending could help a move back above $720.
Bearish: Disappointing expenses or 2027 guidance could put the $628 support to the test.
#META #TechnicalAnalysis #earningways #Nasdaq100 #StockMarket
$METAB (META): Sharp Two-Day Drop Ahead of Earnings
On October 16, Meta closed at $709.33, down about 3.72% on the day, and it had also fallen 3.27% on October 14. Market cap is about $1.81 trillion. (Meta Platforms ($MSFTB ) Stock Price & Overview +2)
๐น Technical picture
52-week range: $520.26 to $779.82. (stockanalysis)
Price is above both the 50-day average (about $643) and the 200-day average (about $630). The long-term trend is still upward. (kucoin)
However, MACD is below its signal line, which points to weaker short-term momentum. (kucoin)
Key support is around $628, with resistance in the $719โ$727 zone above. (kucoin)
๐น The big event: Q3 earnings
Meta reports after the close on October 21, with revenue expected at about $63.32 billion. Options markets are pricing in a move of roughly 7.3% in either direction. After last October's earnings the stock fell 11.33%, while July 2025 and January 2026 saw gains of over 10%. (Meta to Report Q3 Earnings on Oct. 21 Amid Rising Costs and Analyst Price Target Hikes +2)
๐น What to watch
2026 capital expenditure guidance is $130โ145 billion. Investors want to see whether ad revenue can keep paying for this AI spending. The average analyst target is about $814, but targets are never guaranteed. (stockanalysis)
๐น Possible scenarios (not predictions)
Bullish: Strong ad revenue and contained spending could help a move back above $720.
Bearish: Disappointing expenses or 2027 guidance could put the $628 support to the test.
#META #TechnicalAnalysis #earningways #Nasdaq100 #StockMarket