Mondelez International Stock Forecast
Mondelez International stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Mondelez International stock price fell by -0.268% on the last day (Friday, 26th Apr 2024) from $70.80 to $70.61. During the last trading day the stock fluctuated 1.28% from a day low at $70.24 to a day high of $71.14. The price has risen in 7 of the last 10 days and is up by 5.88% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 7 million shares were bought and sold for approximately $489.21 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $71.05 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.08% during the next 3 months and, with a 90% probability hold a price between $58.19 and $63.89 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MDLZ Signals & Forecast
The Mondelez International stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $69.74 and $69.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 7.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Mondelez International stock
Mondelez International finds support from accumulated volume at $70.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.90 (1.28%) between high and low. For the last week, the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: $67.75 (-4.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (MDLZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Mondelez International to open at $70.66, and during the day (based on 14 day Average True Range), to move between $69.52 and $71.70, which gives a possible trading interval of +/-$1.09 (+/-1.54%) up or down from last closing price. If Mondelez International takes out the full calculated possible swing range there will be an estimated 3.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $70.75 (0.20%) than the support at $70.04 (0.81%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Mondelez International will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.88. We will update the financials statements for Mondelez International, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.85% in the first trading day after earnings release.
Is Mondelez International stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.362 Buy Candidate Upgraded
Predicted Opening Price for Mondelez International of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $70.66 ( 0.0755%) | $70.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDLZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.56 | 1.35 % | |
| R2 | 71.22 | 0.86 % | ||
| R1 | 71.01 | 0.562 % | ||
| Current price: | 70.61 | |||
| Support | S1 | 70.32 | -0.411 % | |
| S2 | 70.11 | -0.712 % | ||
| S3 | 69.76 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.27 | 6.60 % | |
| R2 | 71.31 | 0.99 % | ||
| R1 | 70.75 | 0.198 % | ||
| Current price | 70.61 | |||
| Support | S1 | 70.04 | -0.81% | |
| S2 | 68.21 | -3.40% | ||
| S3 | 68.11 | -3.54% |
MDLZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2024 | Mar 27, 2024 | Apr 11, 2024 | $0.425 | 0.636% |
| 2 | Dec 08, 2023 | Dec 29, 2023 | Jan 12, 2024 | $0.425 | 0.581% |
| 3 | Dec 08, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.425 | 0.581% |
| 4 | Jul 27, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.425 | 0.691% |
| 5 | May 17, 2023 | Jun 29, 2023 | Oct 13, 2023 | $0.385 | 0.626% |
FAQ
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