META remains in a confirmed downtrend below the 10-week SMA with negative technical indicators; not a buy candidate despite positive legal news.
Bearish
“The Rally Is Still Working, But It’s Getting Selective”
StockCharts TVPublished Aug 28 · 1 passage
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Also looking at these M7 names, let's take a look at Meta. Big news last week for this particular stock because they did resolve their youth addiction lawsuit. So, that was certainly good news, but we are very much in a confirmed downtrend.
We're going to pull up the weekly here. You'll see that we are trending below that 10-week simple moving average, negative RSI, negative MACD. So, not a candidate at this point. Still has quite a bit by way of work to do.
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2026-09-11
Meta up here front and center. We are back above that 200-day simple moving average. A lot of this having to do with the fact that Meta did settle that class-action lawsuit against them that was viewed as good news. However, I would not call this a particularly attractive chart, but it certainly is outperforming weakness that we are seeing elsewhere.
Quote at 14:50 ›2026-08-28BearishThis one
Also looking at these M7 names, let's take a look at Meta. Big news last week for this particular stock because they did resolve their youth addiction lawsuit. So, that was certainly good news, but we are very much in a confirmed downtrend. We're going to pull up the weekly here. You'll see that we are trending below that 10-week simple moving average, negative RSI, negative MACD. So, not a candidate at this point. Still has quite a bit by way of work to do.