NEW YORK – Meta Platforms Inc. (NASDAQ: META) closed a turbulent trading day in positive territory, but late-day weakness and after-hours selling have left investors questioning whether the momentum can carry over into next week. The tech giant’s stock finished Friday’s session at $719.01, a gain of 0.76%, but this figure belies a day of significant swings.
The market opened with strong optimism for Meta, as the stock quickly surged to a high of
714.42. While the stock showed resilience by recovering from its daily low, it failed to reclaim its opening strength, trading sideways for most of the afternoon.
The most critical signal for Monday’s open may come from the after-hours trading session. After the closing bell, Meta’s stock slipped 0.22% to $717.41. This suggests that some investor sentiment turned negative after the market closed, potentially setting a bearish tone for the start of the new week.
The Outlook for Monday:
The case for an upward trend (Bullish):
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The stock successfully defended its lows and closed the day with a respectable gain, finishing well above the previous close of $713.57.
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Buyers clearly showed interest in the
715 range, indicating a potential support level.
The case for a downward trend (Bearish):
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The failure to hold onto early morning highs and a close far below the day’s peak of $729.03 suggests that sellers have the upper hand at higher price levels.
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The negative movement in after-hours trading is a direct indicator of immediate-term bearish sentiment, which could lead to a lower opening on Monday.
Investor sentiment for Meta appears divided. While the stock’s ability to close higher demonstrates underlying strength, the fade from the daily high and the negative after-hours activity are significant headwinds.
Traders will be closely watching Monday’s opening price. A start above Friday’s close of $719.01 could signal that buyers are back in control, potentially targeting the recent high. However, if the stock opens lower, reflecting the after-hours trend, it could indicate a further pullback towards the support levels seen on Friday. The first hour of trading on Monday will be crucial in determining Meta’s direction for the week.
Disclaimer: This article is for informational purposes only and is based on the data provided in the screenshot. It does not constitute financial advice. Investors should conduct their own research before making any trading decisions.
