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.
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.
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