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Advanced TA SearchArchive
- 4/26/2024 -
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Facebook (FB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Facebook (FB). During the week, the FB dropped -37.78 points, or -7.85%, and closed at 443.29 on Friday, April 26, 2024. Weekly volume was 84% above 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 price is near the trend resistance line (447.10). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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 chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (455.08) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 medium-term trend.
 Weekly Technical Indicators: [See FB weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See FB short-term trend chart]
A short-term downtrend had started on April 24, 2024 at 510.00 and reached 414.50 on April 25, 2024. FB lost 95.50 points, or 18.73%, in 1 days. The price is now at the 30.15% retracement level.
Daily Technical Indicators: [See FB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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