Meta Faces Slight Selling Pressure Ahead Of Q2 Earnings: Bearish Charts Suggest 20% Upside Potential
Portfolio Pulse from Surbhi Jain
Meta Platforms Inc (NASDAQ:META) is expected to report $4.72 in earnings per share and $38.3 billion in revenues for Q2. The stock is currently experiencing slight selling pressure, trading below its 5, 20, and 50-day exponential moving averages, indicating a bearish trend. However, the 200-day SMA and RSI suggest potential for a reversal. Analysts maintain a Buy rating with a 20% upside potential.
July 31, 2024 | 1:11 pm
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Meta Platforms Inc is expected to report $4.72 in EPS and $38.3 billion in revenues for Q2. The stock is currently experiencing slight selling pressure, trading below its 5, 20, and 50-day EMAs, indicating a bearish trend. However, the 200-day SMA and RSI suggest potential for a reversal. Analysts maintain a Buy rating with a 20% upside potential.
The stock is currently experiencing bearish momentum as it trades below its short-term moving averages. However, the long-term 200-day SMA and RSI suggest potential for a reversal. Analysts maintain a Buy rating with a 20% upside potential, indicating mixed short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100