Key Takeaways
- Shares of Meta Platforms received a lift Monday because the tech big introduced plans to introduce paid promoting to WhatsApp, opening up a brand new income stream.
- After reclaiming the 50- and 200-day shifting averages, Meta shares consolidated inside a pennant earlier than decisively breaking out from the sample earlier this month.
- Traders ought to monitor vital overhead areas on Meta’s chart round $741 and $865, whereas additionally watching key assist ranges close to $635 and $603.
Meta Platforms (META) shares rose Monday because the tech big introduced plans to introduce paid promoting to WhatsApp, a transfer that expands the corporate’s revenue-generating alternatives.
The corporate, which expects to launch a number of promoting options globally over the following few months, mentioned that it’s introducing channel subscriptions, promoted channels, and adverts to its WhatsApp Updates tab, which it says attracts about 1.5 billion customers every day.
Meta shares, which rose practically 3% to shut round $702 on Monday, have gained 20% for the reason that begin of the yr and are simply 5% beneath their file excessive, set in mid-February, as of Monday’s shut. The inventory, which is the highest performing member of the Magnificent Seven to date in 2025, has impressed buyers with robust AI-driven advert income development and plans to considerably broaden its AI capability.
Final week, startup Scale AI mentioned the social media big had made a “vital new funding” within the firm, with the event following stories that Meta CEO Mark Zuckerberg has been pissed off with the corporate’s degree of AI progress.
Under, we take a more in-depth have a look at Meta’s chart and apply technical evaluation to establish vital worth ranges that buyers will seemingly be watching.
Pennant Sample Breakout
After reclaiming the 50- and 200-day shifting averages, Meta shares consolidated inside a pennant earlier than decisively breaking out from the sample earlier this month. Furthermore, the relative energy index confirms bullish worth momentum and sits beneath the indicator’s overbought threshold to supply room for additional upside.
Nonetheless, it’s price noting that inventory’s rally from its April low has occurred on declining buying and selling quantity, suggesting that bigger market participant, reminiscent of institutional buyers, stay on the sidelines.
Let’s establish two vital overhead areas on Meta’s chart to observe if the shares proceed climbing and in addition find key assist ranges price watching throughout potential pullbacks within the inventory.
Necessary Overhead Areas to Monitor
Additional upside momentum might see the shares initially climb towards $741. This space on the chart would seemingly entice vital consideration close to the inventory’s all-time excessive (ATH).
Traders can forecast a worth goal to observe above the ATH through the use of the bars sample device. When making use of the evaluation to Meta’s chart, we extract the worth bars comprising the inventory’s transfer increased previous the pennant and overlay them from the sample’s breakout level. This tasks a goal of round $865 if a continuation transfer performs out, implying 23% upside from Monday’s closing worth.
Key Help Ranges Price Watching
The primary key assist degree to observe sits round $635, slightly below the pennant sample’s breakout space. The shares might entice shopping for curiosity on this location close to a collection of peaks that shaped on the chart between December and March.
Lastly, an in depth beneath this key degree might see Meta shares revisit decrease assist close to $603. Traders might search entry factors on this area close to the shifting averages and a horizontal line that connects a spread of corresponding buying and selling exercise on the chart stretching again to final October.
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