Traders are rotating back into growth stocks as risk appetite strengthens. Meta is also attempting to extend its rebound after a choppy, multi-month decline.META Technical AnalysisMeta is trading above its 20-day simple moving average of $574.61 and its 20-day exponential moving average of $580.23. That signals improving short-term momentum following the June swing low.However, the longer-term trend remains under pressure. The stock is trading 3.2% below its 50-day SMA of $603.45, 5.3% below its 100-day SMA of $616.71 and 9.5% below its 200-day SMA of $645.55.The relative strength index stands at 49.63. That reading is neutral and suggests the stock is neither overbought nor oversold.The moving-average setup also remains a headwind. The 20-day SMA is below the 50-day SMA, while the 50-day SMA remains below the 200-day SMA, forming a long-term “death cross” that first appeared in December 2025. Until Meta reclaims those levels, rallies may remain limited.Key resistance sits near $606, close to the 50-day SMA. Key support is around $557, where buyers previously stepped in.Shares are down 18.46% over the past 12 months. The stock remains well below its 52-week high of $796.25 but has recovered from its 52-week low of $520.26 reached in March.Earnings And Analyst OutlookMeta is expected to report earnings on July 29.Wall Street expects earnings of $7.18 per share, up from $7.14 a year earlier. Revenue is projected to reach $60.22 billion, compared with $47.52 billion in the prior-year period.The stock trades at about 21.2 times earnings.Analysts maintain a consensus Buy rating with an average price forecast of $823.15. Recent analyst actions include: