Annual Forecast for Meta Platforms (2022)

PUBLISHED: Jan 17 2022 @ 03:39 | Comments (0) | More info about Azeez Mustapha

Meta Platforms stock (NASDAQ:FB) is a choppy market. Recent price action shows trendlessness, but it may go out of balance soon, resulting in a prolonged directional movement.

The ADX period 14 is below the level 20, which means there is less momentum in the market right now. The DM- is below the DM+, which means bears have more strength than bulls.

The MACD default parameters has its histogram below the zero line, while its signal lines are also almost crossing the zero line to the downside. There is nearly a Bearish Confirmation Pattern in the market, especially in the short-term.

This means this year, the possibility of price going downwards is higher than its possibility of going upwards. Thus when FB breaks out strongly, eventually, it would most probably favor sellers.

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