Facebook stock forecast and price prediction
Updated on:
Jul 29th, 2021
2
Facebook forecast brief
- Facebook closed on Wednesday at $373.28 (1.49%) prior to presenting financial results on Thursday at 16:00
- Facebook marked a new all-time high on Wednesday, setting the new record at $377.55.
- The price is currently higher than the upper Bollinger band, which is usually an indicator of a near-term correction
- Facebook marked a new all-time high on Wednesday, setting the new record at $377.55.
- Last Friday broke out above its latest top at $358.79
- The stock is configuring an uptrend pattern since last January, when it bottomed at $244.61. Up to date, the uptrend made a 52.60% gain since the beginning of this rally. Facebook gained a 4.04% since last Friday after breaking out over its last top at $358.79
- 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 knows how much a share will be priced tomorrow. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions post their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial information by the company, and usually. Again, these predictions are not direct recommendations for small investors and should not be trusted blindly.
We don't have any target price posted in the last 4 weeks for Facebook.
Analysts recommendations
In the last month we couldn't find any rating for Facebook
Earnings and financials
Facebook stock: buy or sell?
Is Facebook good stock to buy now?
Facebook had no ratings in the last 4 weeks Read the article to get additional tips on trading FB stock.In the current situation of Facebook there is just one buy setup eligible:
Uptrend buy setup
Facebook stock is in an uptrend since last January that so far has marked a gorgeous 53.00% gain. Price marked a local bottom in this uptrend at $334.50 on July 20, and since then it bounced off a 11.59%. Price just broke out above the buy point at $358.79, but it can be traded. If price climbs above $376.73, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $324.47
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $358.79 | $324.47 | 9.57% |
Should I sell Facebook?
Currently, Facebook stock doesn't match any of our preferred sell setups, so if you hold Facebook shares and your operation is in profit probably is not time to sell now
Facebook stock price action predictions
Since last January, Facebook has been printing an uptrend that so far marked an amazing 52.60%. During this uptrend, the price gave some buy points on the breakouts. Latest low was on July 20, when price bounced at $334.50. Last Friday, Facebook broke out above its last top ($358.79) offering a good buy point
$FB at Highs
On Wednesday, Facebook hit all-time highs (ATH) again at $377.55
SMAs overview
Supports and resistances
Price is at highs and there are not upper resistances.
The current support levels are:
Bollinger bands
When the price moves out of the band (above the upper line or below the lower line) it shows that the price is maintaining a very strong trend and therefore can correct the trend to the average. In this case, the price is beyond the upper band, which should mean a short-term adjustment (at least) until it is under the band
Relative strength index
The RSI dropped below the overbought level of 70 on Tuesday after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 68.21
Facebook stock price history
Facebook IPO was on May 18th, 2012 at $42.05 per share1. Since then, FB stock has risen by 787.71%, with an average of 87.52% per year. If you had invested $1,000USD in Facebook stock at that time, it would worth $8,877.05 today.
1: Adjusted price after possible price splits or reverse-splits
Important note:
The thoughts published in this article are personal and not recommendations for you to buy or sell shares. The author of this paper does not have an understanding of the specific positions of the reader, his or her 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 Viewpoints are expressed for educative purposes onlyFacebook summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $374.56 |
| Close | $373.28 |
| Day range | $366.93 - $377.55 |
| Previous close | $367.81 |
| Session gain | 1.49% |
| Average true range | $11.60 |
| 50d mov avg | $339.48 |
| 100d mov avg | $318.98 |
| 200d mov avg | $294.86 |
| Earnings date | July 29th, 2021 |