META (#FACEBOOK) weekly special report based on 1 Lot Calculation:
META (FACEBOOK): ARTIFICIAL INTELLIGENCE WORLD
- META A.I.: According to META, built with Meta Llama 3, Meta AI is one of the world’s leading AI assistants, already on phones, in pockets for free. And it is starting to go global with more features. One can use Meta AI on Facebook, Instagram, WhatsApp and Messenger to get things done, learn, create and connect with the things that matter.
- META A.I. SUBSCRIBERS RISE: According to Winbuzzer.com, Meta AI, the artificial intelligence chatbot developed by Meta, has surpassed 400 million monthly active users. The significant milestone underscores the accelerated uptake of the chatbot across Meta's ecosystem, including WhatsApp, Facebook, Instagram, and Messenger. The AI chatbot sees interaction from approximately 185 million users each week. Despite intense competition from rivals like OpenAI's ChatGPT, Google's Gemini, and Microsoft's Copilot, Meta AI is steadily increasing its user engagement levels.
- META A.I. EXPANSION: Since its debut in September 2023, Meta AI has expanded into more than 22 countries, including the US, Australia, and India.
- Llama 3: NEXT GENERATION OPEN SOURCE LANGUAGE MODEL. Meta Llama 3 is designed to build, experiment, and responsibly scale generative artificial intelligence applications. Llama 3 models are the most capable to support a broad range of use cases with improvements in reasoning, code generation, and instruction.
META CONNECT (SEPTEMBER 25-26)
- Meta Connect is an annual event hosted by Meta (formerly Facebook), where the company showcases its latest advancements in virtual reality (VR), augmented reality (AR), and other technologies related to the metaverse. The event will feature a number of expected sessions about virtual reality, featured technology, and speakers such as CEO Mark Zuckerberg.
- WHAT TO EXPECT? According to The Verge and KnowxLab, Meta Connect will unveil the Quest 3S, a more affordable version of the Quest 3, priced at $300 compared to $500. Meta also has future VR headsets, like the Quest 4 planned for 2026, which might be introduced at the event. Additionally, Meta is expected to reveal the Orion AR glasses prototype and showcase AI advancements, including the integration of Llama 3.1 into VR devices and expanded AI assistant features across Meta’s ecosystem.
COULD META (FACEBOOK) ANNOUNCE A STOCK- SPLIT?
- STOCK PRICE ACTION: Meta has risen more than 1000% since its Initial Public Offer (IPO) took place in 2012 at a price of $38 a share. The stock was last trading around $561 a share. Please note that the price could decline.
- PEERS FROM THE “MAGNIFICENT 7” HAVE ALREADY HAD STOCK SPLITS. Apple, Amazon, Alphabet (Google), Nvidia, Tesla, Microsoft and Meta (Facebook) make the famously known group of “MAGNIFICENT 7”. All of the companies, except Meta have already had at least one stock split in the past.
- META (FACEBOOK) HAS NEVER BEFORE HAD A STOCK SPLIT. Meta is the only company from the “MAGNIFICANT 7” that has never had a stock split.
META (FACEBOOK): PRICE ACTION
- META REACHED NEW ALL TIME HIGH OF $564.40 ON 20TH SEPTEMBER 2024: The stock is currently traded around $561. Since the beginning of the year, META has increased by around 59%, significantly outperforming the USA 500 and USA 100, which have risen by 19.7% and 17.9%, respectively. However, the price could also decline
- ANALYSTS OPINIONS: Wells Fargo forecasts $647. JPMorgan forecasts $610. Cantor Fitzgerald forecasts $660. Tigress Financial forecasts $645.
#FACEBOOK, September 23, 2024
Current Price: 561.35
|
Weekly |
Trend direction |
|
720.00 |
|
660.00 |
|
610.00 |
|
520.00 |
|
500.00 |
|
470.00 |
Example of calculation based on weekly trend direction for 1 Lot1
|
||||||
Pivot Points |
||||||
Profit or loss in $ |
158,650.00 |
98,650.00 |
48,650.00 |
-41,350.00 |
-61,350.00 |
-91,350.00 |
Profit or loss in €2 |
142,665.09 |
88,710.44 |
43,748.23 |
-37,183.75 |
-55,168.63 |
-82,145.96 |
Profit or loss in £2 |
119,171.47 |
74,101.89 |
36,543.91 |
-31,060.45 |
-46,083.64 |
-68,618.43 |
Profit or loss in C$2 |
214,925.53 |
133,642.63 |
65,906.88 |
-56,017.47 |
-83,111.77 |
-123,753.22 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 13:00 (GMT+1) 23/09/2024
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.