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Uptrend ExhaustionArchive
- 11/24/2023 -
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Facebook (FB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a fourth positive week after 3 consecutive negative weeks for the Facebook (FB). During the week, the FB climbed 3.19 points, or 0.95%, and closed at 338.23 on Friday, November 24, 2023. Weekly volume was -56% below average.
FB is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See FB long-term trend chart]
A long-term uptrend had started on November 4, 2022 at 88.09 and reached 342.92 on November 22, 2023. FB gained -254.83 points, or -289.28%, in 54 weeks. Price is near the trend high.
Medium-term trend: [See FB medium-term trend chart]
A medium-term uptrend had started on August 18, 2023 at 274.39 and reached 342.92 on November 22, 2023. FB gained -68.53 points, or -24.98%, in 13 weeks. The price is now at the 6.84% retracement level.
 Weekly Technical Indicators: [See FB weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since August 18, 2023. The distance between MACD and the signal line is low and getting smaller. 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 October 26, 2023 at 279.40 and reached 342.92 on November 22, 2023. FB gained -63.52 points, or -22.73%, in 27 days. The price is now at the 7.38% retracement level.
 Daily Technical Indicators: [See FB daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since November 3, 2023. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (335.04) comes close to the price (338.23). It indicates that the trend is getting weaker. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Communication Services |
12 |
| Industry |
Interactive Media & Services |
111 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
342.92 |
| High Date |
11/22/2023 |
| Low |
336.77 |
| Low Date |
11/24/2023 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
279.40 |
| Low Date |
10/26/2023 |
| High |
342.92 |
| High Date |
11/22/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
274.39 |
| Low Date |
08/18/2023 |
| High |
342.92 |
| High Date |
11/22/2023 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
88.09 |
| Low Date |
11/04/2022 |
| High |
342.92 |
| High Date |
11/22/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
384.33 |
| High Date |
09/01/2021 |
| Low |
88.09 |
| Low Date |
11/04/2022 |
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