pool adsFacebook FB is weak on a Near and Midterm Basis
Facebook (NASDAQ:FB) is weak on a Near and Midterm Basis, and that is a warning.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Neutral |
| P1 | 160.57 | 141.90 | 156.37 |
| P2 | 163.70 | 159.78 | 175.33 |
| P3 | 168.30 | 174.72 | 193.11 |
Support and Resistance Plot Chart for FB
Long Term Trading Plans for FB
April 24, 2018, 3:37 pm ET
The technical Summary and associated Trading Plans for FB listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for FB. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
FB - (Long) Support Plan
Buy over 156.37 target 175.33 stop loss @ 156.11.
The technical summary data tells us to buy FB near 156.37 with an upside target of 175.33. This data also tells us to set a stop loss @ 156.11 to protect against excessive loss in case the stock begins to move against the trade. 156.37 is the first level of support below 159.11 , and by rule, any test of support is a buy signal. In this case, support 156.37 would be being tested, so a buy signal would exist.
FB - (Short) Resistance Plan
Short under 175.33 target 156.37 stop loss @ 175.59.
The technical summary data is suggesting a short of FB as it gets near 175.33 with a downside target of 156.37. We should have a stop loss in place at 175.59 though. 175.33 is the first level of resistance above 159.11, and by rule, any test of resistance is a short signal. In this case, if resistance 175.33 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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