NEW YORK – Meta Platforms Inc. (NASDAQ: META) closed a strong trading day on Thursday, with its stock gaining over 1% to finish at $733.63. The session was marked by significant volatility and a powerful late-day surge, signaling strong bullish sentiment heading into the closing bell.
The tech giant’s stock finished the day up $7.54, a solid 1.04% increase. Trading activity showed a battle between buyers and sellers, with the stock opening at $726.52, dipping to a low of $725.86, before climbing impressively to a daily high of $735.43 in the final hour of trading. This strong finish near its peak suggests that momentum was firmly in the hands of buyers as the official session concluded.
However, a look at after-hours trading paints a more cautious picture. Following the close, META’s stock gave back some of its gains, slipping
731.75. This post-market pullback indicates some profit-taking and could temper expectations for the start of the new trading week.
Will the Market Go Up or Down on Monday?
The Bullish Case (Market Up): The primary driver for an upward open on Monday is the powerful momentum seen during Thursday’s main session. The stock closed significantly higher than its previous close of $726.09 and is trading very close to its 52-week high of $740.89. If investors focus on the company’s strong performance and the broader market sentiment remains positive, META could challenge and potentially break through its recent highs.
The Bearish Case (Market Down): The after-hours decline is a key warning sign. It suggests that resistance may be forming near the $735 level. Traders will be watching to see if this post-market selling pressure continues into the pre-market session on Monday. If the stock opens below Thursday’s closing price, it may test lower support levels around the $726 mark.
Conclusion:
Monday’s direction will likely be decided by which force proves stronger: the bullish momentum from Thursday’s impressive rally or the cautionary note from the after-hours sell-off.
Investors should watch the
726 area will act as the first major line of support. The opening moments on Monday will be critical in setting the tone for the day and the week ahead.
