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Meta Platforms: This Chart Signaled Big Upside Last January

By:
Lucas Downey
Published: Dec 17, 2023, 12:17 GMT+00:00

Meta Platforms, Inc. (META) shares are up a whopping 178% this year. When you study the supply and demand picture, demand is off the chart.

NASDAQ, FX Empire

In this article:

Meta Platform Shares are a Big Money Favorite

Want an edge in investing? Follow the Big Money.

Volumes precede price. And when it comes to top-ranking stocks, institutional investors can send stocks soaring.

Fund managers are always on the lookout for the next outlier stocks…the best in class. They spend countless hours sizing up industries, reading reports, speaking to analysts…and more. When they find a company firing on all cylinders, they pounce in a big way.

The 1-year action tells the story. Each green bar signals unusual increasing volumes in META shares, pushing the stock higher. The evidence points to healthy institutional demand:

Source: www.mapsignals.com

Few stocks have charts this strong. Recent green bars suggest healthy demand. Now, let’s check the fundamental story.

Meta Platforms Fundamental Analysis

Institutional support coupled with a healthy fundamental backdrop makes this company interesting. As you can see, META has had positive sales & earnings growth in recent years:

  • 3-year sales growth rate (+19.2%)
  • 3-year EPS growth rate (+18.8%)

Source: FactSet

Now it makes sense why the stock has been powering higher. META is an earnings powerhouse.

Marrying great fundamentals with our proprietary Big Money software has found some big winning stocks over the long-term.

Check this out. Meta Platforms has been a top-rated stock at MAPsignals. That means the stock has had unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report many times. The blue bars below shows when META was a top pick:

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of the MAPsignals process.

Don’t fight the Big Money!

Meta Platforms Price Prediction

The META rally has been in place all year. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in META at the time of publication.

If you want to take your investing to the next level, learn more about the MAPsignals process here.

About the Author

Lucas Downeycontributor

Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.

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