META weekly review: sideways movement likely — watch $685 support and $710 resistance

META weekly review: sideways movement likely — watch $685 support and $710 resistance
Meta falls 3.50% over the week

Meta Platforms, Inc. (META, formerly Facebook, Inc.) closed the week at $691.61, posting a decrease of $14.80 or 2.10% over the past seven days. The asset remains positioned above its weekly MA-20 ($656.47), MA-50 ($652.13), and MA-200 ($683.30), reaffirming the strength of the bullish trend across all major timeframes.

META price prediction
24H -0.02%
$567.14
48H -0.69%
$563.38
7D -0.48%
$564.52
1M 0.24%
$568.64
3M 12.17%
$636.28
6M -4.63%
$541.01
12M -8.9%
$516.8
Current price: $ 567.27 -1.1600 0.20%
Closed 06/12
Daily range 563.25 Arrow from to Icon 574.48
Weekly range 557.01 Arrow from to Icon 597.63
Loading...

Highlights

  • Meta trades at $691.61, remaining above the MA-20 ($656.47), MA-50 ($652.13), and MA-200 ($683.30), confirming bullish momentum across all timeframes.
  • Momentum indicators show mixed signals: MACD and RSI suggest continued buy strength, but ADX and Bull/Bear Power highlight neutral or overbought conditions and possible buyer exhaustion.
  • For the next five days, Meta is expected to range between $685 and $710, with a greater than 80% probability of price increase, but short-term weakness could trigger a shallow retracement.

Earnings beat and AI spending lift sentiment amid portfolio shifts

Meta reported strong Q4 and full-year 2025 earnings, with revenue reaching $59.89 billion, up 24% year-over-year, and net income of $22.77 billion. The company provided robust revenue guidance for the first quarter of 2026 and announced a significant increase in planned capital expenditures, with $115–$135 billion dedicated to AI infrastructure and data centers in 2026. Meta also declared a quarterly dividend of $0.525 per share and saw notable institutional activity as investment firms adjusted their holdings.

Meta Platforms Inc. asset chart
Meta Platforms Inc. price dynamics. Source: TradingView.

Upward momentum holds as technical indicators signal near-term fatigue

On the weekly chart, Meta continues to trade above its MA-20, MA-50, and MA-200, reinforcing upward momentum in the broader trend. Dynamic support is established by the Ichimoku Kijun at $672.00, with resistance focused near the psychological $700 level. Weekly RSI remains in bullish territory, while other indicators such as the CCI confirm upward bias, but there are emerging signs of potential exhaustion as the Bull/Bear Power is overbought and the Stochastic RSI is neutral. The ADX reflects moderate trend strength, suggesting momentum may be pausing but not reversing.

Sideways movement favored as breakout and retracement risks rise next week

For the next five to seven trading days, the technical outlook expects Meta to fluctuate between support at $685 and resistance at $710. Continuation of the sideways movement is most probable, although a bullish breakout above $710 could open the way for new highs, given strong signals from the moving averages and Ichimoku Kijun. Should price slip below $685, a deeper pullback is possible, but the underlying weekly trend suggests any dip will likely attract renewed buying.

Parshwa Turakhiya, analyst, notes that Meta held firm above key moving averages this week, despite a 2.10% decline. He highlights that positive sentiment was reinforced by robust earnings and higher capex plans, though the price stalled near resistance. The analyst sees strong long-term momentum but recognizes early signs of exhaustion, with indicators suggesting sideways action may dominate. Turakhiya believes any dip below $685 would likely find buyers, while a breakout above $710 is needed for new highs. "I’m watching $685–$710 this week — if bullish sentiment bites again, the upside could surprise after this healthy pause."

Previously it was reported that Meta Platforms is trading firmly above major moving averages, supported by a robust bullish trend and positive momentum signals such as a MACD buy reading, though multiple oscillators highlight overbought conditions and a neutral ADX suggests trend exhaustion. Short-term technicals indicate resistance near $720 and support at $705–$670, pointing to a likely sideways consolidation as markets digest recent gains.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.