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Meta stock falls 0.9% as hourly MACD diverges from bearish daily trend

Meta stock falls 0.9% as hourly MACD diverges from bearish daily trend

Photo: The Cryptonomist

Meta stock analysis shows mixed signals at $614.6, down 0.9%, daily bearish structure with a positive hourly MACD histogram. Meta stock sits in a bearish daily setup, trading below its major exponential averages and near the lower daily Bollinger band. However, the hourly MACD provides a counterpoint, leaving the signals mixed rather than uniformly bearish. Meta opened at $621.83, traded between a low of $611.00 and a high of $624.39, and was last at $614.60, against a previous close of $620.19. The daily chart sets the main bias.

Source: The Cryptonomist

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