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Advanced TA SearchArchive
- 5/3/2024 -
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Facebook (FB) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week after 3 consecutive negative weeks for the Facebook (FB). During the week, the FB gained 8.67 points, or 1.96%, and closed at 451.96 on Friday, May 3, 2024. Weekly volume was -9% below average.
 Long-term trend: [See FB long-term trend chart]
A long-term uptrend had started on November 4, 2022 at 88.09 and reached 531.49 on April 8, 2024. FB gained -443.40 points, or -503.35%, in 74 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (475.23) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See FB medium-term trend chart]
A medium-term downtrend had started on April 8, 2024 at 531.49 and reached 414.50 on April 25, 2024. FB lost 116.99 points, or 22.01%, in 2 weeks. The price is now at the 32.02% retracement level.
 Weekly Technical Indicators: [See FB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 19, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See FB short-term trend chart]
A short-term uptrend had started on April 25, 2024 at 414.50 and reached 454.16 on May 3, 2024. FB gained -39.66 points, or -9.57%, in 8 days. The price is now at the 5.55% retracement level.
Daily Technical Indicators: [See FB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 11, 2024.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The distance between the Bollinger Bands is 109.15% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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