Technical analysis by Options360 about Symbol METAX: Sell recommendation (2/7/2025)

META & COST are overbought. With a RSI by 80 and trading above it's outer ATR band of 3x standard deviations. Once momentum fizzles out, gravity will bring META & COST back down to SMA20. So here's a straightforward trading idea. META levels: ATR 23 SMA 20 = 653 SMA50 = 623 SMA100 = 598 SMA200 = 545 COST levels: ATR 20 SMA 20 = 965 SMA50 = 963 SMA100 = 932 SMA200 = 882 META short trade idea: short 715 stop 725 profit 655 COST short trade idea: short 1060 stop 1070 profit 965 META options data: 2/21 expiry Put Volume Total 20,489 Call Volume Total 25,697 Put/Call Volume Ratio 0.80 Put Open Interest Total 105,207 Call Open Interest Total 131,858 Put/Call Open Interest Ratio 0.80 3/21 expiry Put Volume Total 8,533 Call Volume Total 19,062 Put/Call Volume Ratio 0.45 Put Open Interest Total 101,527 Call Open Interest Total 110,511 Put/Call Open Interest Ratio 0.92 4/17 expiry Put Volume Total 4,053 Call Volume Total 5,625 Put/Call Volume Ratio 0.72 Put Open Interest Total 32,737 Call Open Interest Total 53,495 Put/Call Open Interest Ratio 0.61 COST options data: 2/21 expiry Put Volume Total 4,458 Call Volume Total 5,217 Put/Call Volume Ratio 0.85 Put Open Interest Total 11,521 Call Open Interest Total 12,621 Put/Call Open Interest Ratio 0.91 3/21 expiry Put Volume Total 3,210 Call Volume Total 3,064 Put/Call Volume Ratio 1.05 Put Open Interest Total 25,964 Call Open Interest Total 22,294 Put/Call Open Interest Ratio 1.16 4/17 expiry Put Volume Total 592 Call Volume Total 1,388 Put/Call Volume Ratio 0.43 Put Open Interest Total 10,602 Call Open Interest Total 8,988 Put/Call Open Interest Ratio 1.18META short entry 722COST short entry 1055