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 and 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. 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. The latest version of the AI model is Llama 3.2, in order to power new AI features and allow developers to use its models to build their own AI tools. According to Zuckerberg, Meta AI Assistant currently has roughly 500 million active users, and it's on track to be the most-used AI assistant in the industry by the end of 2024.
- META CONNECT (SEPTEMBER 25-26) ANNOUNCEMENTS: CEO Mark Zuckerberg reveals Orion smart glasses, new AI features, transparent Ray-Bans, and an affordable Quest 3S. The big news was his demo of Meta's first "true AR" prototype glasses, "Orion," which are still a work in progress. He also revealed new Meta AI features, limited-edition Ray-Ban smart glasses, and a $299 Quest 3S.
META Q3 EARNINGS REPORT: WEDNESDAY, OCTOBER 30, AFTERMARKET
- EXPECTATIONS: According to Bloomberg, the company is expected to print $40.23 billion in revenue. This would represent an approximate increase of 3.0% quarter-over-quarter and 17.8% year-over-year. Net income is expected to grow to $13.92 billion, reflecting a 3.1% increase from the previous quarter and a 14.6% rise year-over-year.
- META HAS BEATEN REVENUE FORECASTS 7 OUT OF 7 TIMES SINCE THE BEGINNING OF A.I. BOOM. Meta has beaten Earnings Per Share forecasts 6 times out of 7.
- ON AVERAGE, META'S STOCK ROSE 11.28% A MONTH AFTER EARNINGS: The table below shows how the stock price moved after earnings releases since the beginning of A.I. Boom. On average, META's stock price rose 7.61% the day after earnings and increased by 8.17% a week later.
Data Source: Bloomberg, MetaTrader 4 Platform
Please note that past performance does not guarantee future results
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 $575 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 $602.95 ON 7 OCTOBER 2024: The stock is currently traded around $572 and if it follows a full recovery to its most recent all-time high, this could provide an upside potential of around 5.41%. However, the stock price could further decline.
- ANALYSTS OPINIONS: Wells Fargo forecasts $652. UBS Group forecasts $690. Cantor Fitzgerald forecasts $670. Rosenblatt Securities forecasts $811.
#FACEBOOK, October 22, 2024
Current Price: 572
|
|
Weekly |
|
Trend direction |
|
|
760.00 |
|
|
690.00 |
|
|
640.00 |
|
|
525.00 |
|
|
505.00 |
|
|
480.00 |
Example of calculation based on weekly trend direction for 1 Lot1
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|
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|
Pivot Points |
||||||
|
Profit or loss in $ |
188,000.00 |
118,000.00 |
68,000.00 |
-47,000.00 |
-67,000.00 |
-92,000.00 |
|
Profit or loss in €2 |
173,647.99 |
108,991.83 |
62,808.85 |
-43,412.00 |
-61,885.19 |
-84,976.68 |
|
Profit or loss in £2 |
144,901.00 |
90,948.50 |
52,411.00 |
-36,225.25 |
-51,640.25 |
-70,909.00 |
|
Profit or loss in C$2 |
260,022.27 |
163,205.47 |
94,050.61 |
-65,005.57 |
-92,667.51 |
-127,244.94 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 12:00 (GMT+1) 22/10/2024
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.