EXCLUSIVE: Meta's Still The Mag 7 Standout, Says Expert - But Can It Hold On?

Meta Platforms Inc. META has been an unlikely standout in a turbulent tech year, but the chart suggests the party might be coming to an end.

Despite outperforming its Mag 7 peers year-to-date, Meta is now down 13.85% YTD, slipping 13.67% in the last month alone.

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"Meta's current valuation is still reasonably priced relative to most of its Mag Seven counterparts, which might explain why the stock has shown some relative strength," said Ed Egilinsky, managing director at Direxion, in an exclusive interview with Benzinga.

But with the stock plunging nearly 10% over the past five sessions and rebounding just +2.28% early Tuesday, traders are watching closely for signs of a turning tide.

Meta Stock Technicals Flash A Warning

Chart created using Benzinga Pro

Meta stock technicals look grim. Trading at $516.25, the stock is below its eight, 20, 50, and 200-day simple moving averages (SMAs)—all flashing bearish signals. Its eight-day SMA stands at $559.78 and the 50-day SMA is at a distant $643.73.

The MACD (moving average convergence/divergence) indicator is a steep negative 28.60, and the RSI (relative strength index) is just 29.80 – suggesting that Meta stock is oversold but struggling to regain momentum.

Tariffs & Tension Ahead Of Earnings

Investor sentiment was initially unfazed by tariff talk, but that changed fast. "Initially, many investors were viewing the tariff risks to Meta stock as nominal. However, with the announced tariffs…many investors have reassessed the potential impact it might have on Meta's global advertising revenue, specifically within China," Egilinsky said.

Meta reports earnings on April 30, a make-or-break moment that could either confirm the bearish trend or offer a catalyst for a rebound.

Traders betting on a bounce or bracing for more downside are carefully eyeing those short-term technicals.

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