Facebook stock forecast and price prediction
Jun 22nd, 2021
Facebook forecast brief
- After marking all-time highs on June 15, Facebook closed at $332.29 just moving a 0.80%
- From the chart point view, price is drawing a scaled uptrend since last January with higher tops and higher bottoms. Up to date, shares marked a 35.84% profit since the beginning of this rally. On Monday Facebook broke out above $331.81 giving an entry point
- On Monday broke out above its latest top at $331.81
- Last Thursday broke out above its latest top at $331.81
- On June 14 broke out above its latest top at $331.81
- Facebook, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices worldwide.
Facebook stock price forecast
Nobody can predict how much a share will be priced in the future. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price target based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial information by the company, and many times. If you are a small trader you must not buy or sell based on these forecasts.
The average price target for Facebook stock calculated from the table below is $360.00. Facebook closed at $332.29 on Monday, so the target price is predicting a growth by 8.34%.
|Brokerage firm||Price target|
|May 25th, 2021|
|HSBC||$220.00 → $275.00|
|Jun 2nd, 2021|
|Jun 3rd, 2021|
|Jefferies Financial Group||$385.00|
In the last month, 3 ratings were published for Facebook. General sentiment is bullish, with 2 out of 3 publishing optimistic forecasts
|May 25th, 2021|
|Jun 2nd, 2021|
|Jun 3rd, 2021|
|Jefferies Financial Group|| |
Earnings and financials
Last April, Facebook ($FB) hosted the quarterly shareholders event and posted the report. Facebook surpassed market estimates and presented of $3.30, that is a 39.24% better than expected compared to the estimates of $2.37. Similarly, reported sales were $26.2 billion compared to estimates of $23.7 billion.Same quarter last year, reported EPS was $1.71, so recently posted EPS is an improvement of 92.98%. Looking at turnover, figures exploded a 47.55% compared to $177.4B same quarter last year.
Facebook ($FB) will host the earnings call late next July. Forecasted for this quarter is $3.02, compared to $3.30 that was reported for Q1.
Facebook stock: buy or sell?
Is $FB stock a buy?Facebook received 3 ratings in the last 30 days: 2 bullish, 0 bearish and 1 neutral.
Currently, Facebook stock matches one trading strategy:
Uptrend buy setup
Facebook stock continues to trend higher since last January and marked a gorgeous 35.84% gain. Price marked a pull back in this uptrend at $298.19 in mid-May, and since then it bounced off a 11.44%. Price just broke out above the entry point at $331.81, but it's still eligible. If price goes beyond $348.40, you should not chase the price and wait for the next entry point. If you decide to enter this trade, the suggested stop loss is at $298.63
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$331.81||$298.63||10.00%|
Is it time to sell Facebook stock?
In the current situation of Facebook there is not any eligible sell setup, so Facebook stock holders with operations in profit can keep their positions
Facebook stock price action predictions
Since last January, Facebook has been printing an uptrend that by now marked a gorgeous 35.84%. During this uptrend, the price gave some buy points on the breakouts. Latest low was in mid-May, when price bounced at $298.19. On Monday, Facebook broke out above its last top ($331.81) offering a good entry point
$FB at Highs
On June 15, Facebook marked new all-time highs (ATH) again at $339.92
Supports and resistances
Price is at all-time highs and there are not upper resistances.
The current support levels are:
The evolution of the Bollinger Bands on the chart shows that they are pretty close to each other (less than 5%), which clearly indicates that price volatility is low. The narrowness of the Bollinger bands is frequently a sign of a sharp price movement (up or down), so we must be cautious and manage our buy or sell orders correctly
Relative strength index
The RSI dropped below the overbought level of 70 last April after just crossing to the overbough zone for just one day (weak signal). The RSI value on Monday was 55.37. Facebook price only moved a 0.84% since RSI lost the overbought zone
Facebook stock price history
Facebook went public priced at an adjusted price1 of $42.05 on May 2012. Since then, FB stock has risen by 690.23%, with an average of 76.69% per year. An investment of thousand dollars on the IPO would be valued $7,902.26 today.
1: Adjusted price after possible price splits or reverse-splits
Please read:The opinions published in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the individual scenarios of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for learning purposes only
|Monday, June 21st, 2021|
|Day range||$327.65 - $332.92|
|Average true range||$7.14|
|50d mov avg||$318.51|
|100d mov avg||$296.76|
|200d mov avg||$283.56|
|Earnings date||July 29th, 2021|