Meta set to open higher but what about the technicals? What to look for today and going forward?
Meta has reached a settlement with the California attorney general and other states in a case alleging that its platforms harmed children. The states had filed claims against Meta’s at roughly $200 billion (and not realistic). The settlement caps Meta’s payments to the states at $16.68 billion—well below either figure and clearly better than market expectations. The payments are over 10 years as well.
Meta shares are up 4.65% at $596 in premarket trading following the news.
From a technical perspective, today’s rise is taking the price closer to its 100-day moving average at $607.35. However, the stock remains below that key technical level. If buyers are to take more control, the price needs to break above—and stay above—the 100-day moving average. That would open the door for a move toward the higher 200-day moving average at $623.46.
Meta moved above both moving averages on July 10, but the breakout proved short-lived. The price fell back below those MAs by July 22 and has remained below with the 100 day MA providing resistance on the corrective move earlier this month (on August 10 see blue line on the chart above).
Today’s price action is encouraging, but buyers still have work to do. Getting and staying above the 100-day moving average would be the first step. A subsequent break above the 200-day moving average would strengthen the bullish bias and give the stock a better chance of extending higher.
For perspective, Meta reached an all-time high of $796.25 in mid-August 2025. Its 2026 high was $676.82 on January 27, while the stock ended last year at $660.09. At the current premarket price of $596, Meta shares remain down approximately 9.7% for the year, despite today’s sharp rebound. That is good news for the dip buyers but until the MAs can be broken, the bias remains to the downside technically.
This article was written by Greg Michalowski at investinglive.com.