Meta Platforms (META), Feb 2, 2023

US stock · 60 daily candles up to Feb 1, 2023

META daily candles before 2023-02-02; the event day is hidden160.13133.93107.7481.54

Did META close higher or lower on Feb 2, 2023?

Compared with the previous close. The hidden candle is the dashed box.

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META daily candles around 2023-02-02, with the event day highlighted208.07164.44120.8177.18

META closed up 23.28% at 188.77.

The hidden day

Over the prior 20 sessions it gained 22.8%, and RSI(14) sat near 73 (overbought).

Opening gap
+19.76%
Day range
11.10%
Volume vs 50-day avg
5.1×

What happened next

Next session
-1.19%
5 sessions later
-5.75%
20 sessions later
-1.86%

Measured from the event-day close.

Background

After Q4 2022 results, Meta announced a $40 billion buyback, cut its 2023 cost outlook and called 2023 a "year of efficiency". Revenue beat muted expectations.

Source: CNBC — Meta shares soar almost 20% on fourth-quarter revenue beat

What you can see before the call

Last visible close
153.12
20-session trend
+22.8%
RSI (14)
73
vs 50-day SMA
+22.1%
vs 200-day SMA
+0.7%
vs 52-week high
-53.3%

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Historical practice only. Past price moves say nothing certain about the next one, and nothing here is investment advice.