META reclaimed the 200-day SMA on positive news, yet the technical setup remains unattractive even as it outperforms weak peers.
“Only 25% of Stocks Are Holding Up”
StockCharts TVPublished Sep 11 · 1 passage
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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.
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2026-09-11This one
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.
2026-08-28Bearish
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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