META Stock Forecast: 545.83 Capped by the 568 Average

• Meta Platforms trades at 545.83, essentially flat on the day at minus 0.04% after a 539.35 to 548.05 session range.
• Second-quarter revenue rose 28% to $60.8 billion, but full-year capital spending guidance of $130 to $145 billion cut earnings per share by 13%.
• The 568.43 moving average is the level that decides the next move; it has capped every rally attempt since the earnings gap.

Fundamental Analysis: META

The operating business is not the problem. Meta reported second-quarter revenue of $60.801 billion, up 28% year on year, with family daily active people averaging 3.60 billion in June, a 3% increase. Third-quarter guidance of $61 to $64 billion implies the advertising engine is still compounding. On the top line this was a strong quarter by any reasonable measure.

The counterweight is what that growth now costs. Diluted earnings per share fell 13% to $6.18 and net income dropped 14% to $15.848 billion, weighed by $2.4 billion of legal charges and $1.18 billion in severance. More consequentially, the company guided full-year capital expenditure including finance lease principal to $130 to $145 billion and total expenses to $165 to $169 billion. Investors are being asked to fund an infrastructure build whose returns arrive on a horizon nobody has committed to.

The balance is a stock caught between a business that works and a spending plan that has not yet been underwritten by the market. That is why the shares gave back the post-earnings rebound rather than extending it: each rally runs into the same unanswered question about the payback period. Until a quarter arrives that ties the spending to incremental revenue, the burden of proof sits with the company, and price is behaving accordingly.

Technical Analysis: META

The damage was done in one move. Price peaked near 684 in late July, gapped sharply lower on the second-quarter release and bottomed near 505 in early August. The rebound that followed reached roughly 600 before failing, and the shares have since slid back into the 539 to 548 area. All four moving averages now sit overhead at 568.43, 584.20, 594.30 and 606.70, in bearish sequence, which is the clearest structural read on the chart.

Resistance is the 568.43 fast average, then 584.20, with 594.30 marking where the failed rebound stalled. Support is the 539.35 session low, then the early-August floor near 505. A four-hour close back above 584.20 would be the first genuine sign the post-earnings downtrend has ended.

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