Open buy · week 3
Meta slips 3.1% after 5 straight weekly gains while the weekly MACD keeps improving
Our view last week
A 12.9% weekly jump has carried Meta stock to within 6% of its all-time high, and this time the price action sides with the buyers: seven days ago sellers took the bar and money flow sat below zero, now volume is on the buy side and the CMF is back in positive territory. The buy signal that fired 2 weeks ago is holding, with the trade up 16% since entry. A technical analysis to watch closely: sellers had the upper hand in the latest session.
This week's summary
The first pause after 5 straight weekly gains: Meta gives back 3.1% following last week's 12.9% jump and sits 8.6% below its all-time high again. The structure holds: the weekly MACD stays above its Signal line and weekly money flow is still positive. On the technical analysis, Meta stock remains inside the buy signal that fired 3 weeks ago, one of the weekly buy signals still open among tech stocks, with the trade up more than 12%. Earnings on October 28 are drawing closer.
IQS Phase
66
in tension
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#39 / 93
US stocks in progress
Trade P&L %
+12.35%
from signal to date, no stop loss
Meta Platforms (META) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 39th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
META belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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