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Technical Assessment: Neutral in the Intermediate-Term

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Meta Platforms, Inc. (META) Stock Forecasts

AllTechnical Analysis

Argus•October 03, 2023

Intermediate Term

Long Term

Summary

We’re sorry to sound like a broken record, but Monday was yet another day with poor market breadth. The major indices masked the weakness under the hood, with the S&P 500 (SPX) finishing the first trading day of October flat, the Nasdaq gaining 0.7%, and the Nasdaq 100 popping 0.8%. The two SPX sectors that rose on the day were Technology (XLK +0.8%) and Communication Services (XLC +0.6%).

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