Meta stock remains bearish below $571 despite $18B settlement relief

NewsFri, 28 Aug 2026 07:48:53 UTC3 hours ago
Meta stock remains bearish below $571 despite $18B settlement relief

Meta stock sits at a crossroads. The daily chart still points lower, while the hourly tape tries to stabilize after a major legal overhang was removed. That tension between structure and headlines defines the current setup.

META โ€” daily chart with candlesticks, EMA20/EMA50 and volume.

Key takeaways

  • META closed at 571.10, below the 20-day EMA (574.78), the 50-day EMA (588.96), and the 200-day EMA (625.00).
  • Daily RSI14 at 46.93 and a MACD line below zero keep the daily trend bearish, though momentum is decelerating.
  • Meta reached an $18 billion child-safety settlement with U.S. states, easing a key legal overhang.
  • Hourly charts show a mild recovery attempt, but price remains below the 200-hour EMA at 579.37.
  • Daily ATR14 near 18.54 signals elevated volatility, requiring disciplined positioning around key levels.

Meta Stock Price Action: Daily Trend Still Bearish

The daily trend in Meta stock remains bearish. Price still sits below all three key moving averages, and sellers stayed active into the close.

โ€ฆ Continue reading the full article at the original source below.

Read from Source ยท en.cryptonomist.ch ↗
This content is automatically aggregated. Full credit goes to the original publisher (en.cryptonomist.ch).

Related