Meta Platforms (META) Price Forecast: Technical Breakout Signals Higher Prices

META Breaks Higher as Bullish Momentum Accelerates

The stock of Meta Platforms, Inc. (META) triggered a sharp bullish reversal on Thursday, breaking through resistance levels on the way towards the record high of $796.25. Several technical signals show sentiment improving and the recent bearish correction over. The long-term monthly chart is supportive of an upside continuation that leads to an eventual breakout to new highs as the bull trend progresses.

Earnings Gap Confirms Technical Breakout

META gapped higher on Thursday following the company’s Q4 earnings release after market close the night before. Strength of the advance was supported by a volume spike to a 26-day high and on a breakout through two key price levels, with a high for the day at $744.00. A double bottom triggered above $676.71 and the 200-day average was reclaimed above $680.44. These are all bullish signs that suggest new signs of strength should follow as Thursday’s price action shows a change in sentiment. The day ended with META forming a bullish one-day pattern with a low of $712.55 and a close in the top third of the day’s range. The low is important near-term support.

Monthly Chart Supports Long-Term Bull Trend

There is a solid rising trend pattern on the monthly chart below that does a good job of illustrating the integrity of the long-term bull trend. A solid pattern of higher swing highs and higher swing lows is supported by dynamic support near the 20-month moving average. Since the average was reclaimed in April 2023, it has been successfully tested as support three times, starting with April 2025 and most recently this month. However, this month needs to end to confirm that. Each time price was rejected and the month closed well above that 20-month average, resulting in a relatively fast recovery.

January Strength Signals Potential New Highs

January looks likely to confirm a bullish reversal on the monthly chart with a close at a three-month high, above $711. Once confirmed, the chance to eventually rise above the record high at $796.25. During January’s ascent, the 10-month average was reclaimed, a sign of strength.

Remaining above the 10-month average may lead to a similar advance as seen following the 2022 low. In February 2023, the 10-month average was reclaimed and a strong rally followed, with it retaining support for 23 months. This observation could take on added meaning if a sustained breakout above the $796.25 high is successful.

Bull Trend Resumes After Extended Consolidation

META advanced by as much as $75.27 or 11.3% on Thursday and closed up by approximately 10%. A reversal from downtrend to uptrend just began, with a new leg up on the bull trend looking ready to proceed to higher prices.

Support Levels and Near-Term Risk Assessment

Bullish momentum in the long-term uptrend stalled following a high in March 2025. That was 11 months ago and enough time to build a bit of a base for the next launch higher. META is showing strong demand following a correction to the 61.8% Fibonacci retracement area at $600.68. Note that the most recent pullback to support at $600 was a direct touch before the rally began. Two swing lows were generated during the pullback, resulting in the double bottom pattern.

Bullish Outlook with Pullback Risk

Despite the potential upside for META stock, short-term risk is presented by Thursday’s large upside gap. Immediate support is at Thursday’s low of $712.55. If it fails, a drop to test support all the way down near the breakout range of $680.48 to $676.71 becomes possible. However, Thursday’s bullish pattern shows buyers in charge and the possibility of a continuation of the rally on a breakout above Thursday’s high. Given the wide range on Thursday, a pullback into that range prior to an upside-breakout would not be surprising as well. If that occurs and generates an inside day, a new bullish aggressive setup is indicated.

Summary

In summary, META is gaining in strength and is bullish, with an expectation for eventual new highs. However, risk is elevated at current levels due to the possibility of a pullback before new trend highs. Meanwhile, aggressive investors may use Thursday high as a signal for higher prices, rising a pullback into the day’s range, at a minimum.

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