Meta Platforms stock price (META) fell in the intraday levels, amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching levels, while the stock tries to gather momentum and vent off some of that overbought saturation, amid the dominance of the main upward trend in the medium term, as the stock trades alongside the secondary short-term trend line.

Therefore we expect the stock to return higher, targeting the pivotal resistance of $531.50, provided the support of $453.00 holds on.

Trend forecast: Likely Bullish