Mondelez International Stock Forecast
Red day on Wednesday for Mondelez International stock after losing 1.39%
(Updated on Nov 29, 2023)
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The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $71.56 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Mondelez International stock with a 90% probability to be traded between $59.44 and $70.40 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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.
MDLZ Signals & Forecast
The Mondelez International stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $71.19. On a fall, the stock will find some support from the long-term average at approximately $67.39. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, November 24, 2023, and so far it has fallen -1.65%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $69.99 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 $1.12 (1.59%) between high and low. For the last week, the stock has had daily average volatility of 1.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MDLZ) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Mondelez International to open at $70.71, and during the day (based on 14 day Average True Range), to move between $69.49 and $71.39, which gives a possible trading interval of +/-$0.95 (+/-1.35%) up or down from last closing price. If Mondelez International takes out the full calculated possible swing range there will be an estimated 2.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $70.57 (0.18%) than the support at $69.99 (0.64%), 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.
Is Mondelez International stock A Buy?
Mondelez International holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.234 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Mondelez International of Thursday, November 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price November 30, 2023 | Current price |
|---|---|
| $70.71 | $70.44 (Undervalued) |
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Trading levels for MDLZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.83 | 1.97 % | |
| R2 | 71.40 | 1.36 % | ||
| R1 | 71.13 | 0.99 % | ||
| Current price: | 70.44 | |||
| Support | S1 | 70.28 | -0.229 % | |
| S2 | 70.01 | -0.604 % | ||
| S3 | 69.59 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.94 | 2.13 % | |
| R2 | 71.26 | 1.16 % | ||
| R1 | 70.57 | 0.185 % | ||
| Current price | 70.44 | |||
| Support | S1 | 69.99 | -0.639% | |
| S2 | 68.49 | -2.77% | ||
| S3 | 63.36 | -10.05% |
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