Meta Platforms Inc. (META) is showing signs of a potential bounce as it enters earnings season, following a pattern observed on the weekly chart: each time Meta’s stock posts three consecutive down weeks, a rebound typically follows. After last week’s third straight decline, Meta’s upcoming earnings report could serve as a catalyst for a short-term rally. Currently, Meta’s share price is trading at approximately $578.96, with key resistance at $602.67.

Key Resistance Levels to Watch in Meta Stock

The resistance level at $602.67 has become a focal point for traders and investors. Previously, only the psychological resistance along the channel’s upper trendline was seen. If Meta’s stock price breaks above $602.67, it could clear the path to the next psychological resistance at around $630, where the upper trendline resides.

Potential Support Levels for Meta Stock Price

If Meta’s earnings disappoint, the stock may retest its recent breakout point, which now serves as a critical support area between $530 and $544. This support level is marked by a red dotted trendline on the chart. A dip below this support could bring the lower trendline into focus, where additional support may be found between $500 and $510.

Technical Indicators Signal Bullish Momentum

Meta’s technical indicators are currently leaning bullish, setting a positive tone as earnings approach. The MACD (Moving Average Convergence Divergence) has turned bullish again, supporting Meta’s recent breakout, while the RSI (Relative Strength Index) is also in bullish territory, reading 63.

Final Thoughts on Meta’s Stock Performance Ahead of Earnings

As Meta’s earnings report looms, traders are watching closely for a potential breakout or retest of support levels. If Meta breaks through $602.67, it may gain momentum toward $630. However, a negative earnings outcome could lead to a retest of support at $530–$544, with further support around $500–$510 if necessary. With bullish indicators in place, Meta’s stock price movement around earnings could offer significant insight into market sentiment.