Weaker Buy Today BYND ranks #207 as BUY CANDIDATE #207 Stronger Buy

BYND stock forecast Beyond Meat Inc.

BYND stock forecast

Monday January 27, 2020 Change 4.40% Price $124.75
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

BYND Forecast and Technical Stock Analysis


Buy candidate since 2020-01-24 Gain 4.40% PDF

Beyond Meat Inc. gained 4.40% in the last trading day ( Monday, 27th Jan 2020 ), rising from $119.49 to $124.75 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 8.55% from a day low at $119.60 to a day high of $129.83. The price has risen in 6 of the last 10 days and is up by 29.85% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 5.02 million more shares were traded than the day before. In total, 18.16 million shares bought and sold for approximately $2 266.03 million.

Quick summary:

  • 30 day high of the BYND stock price was $135.23 and low was $73.23.
  • 90 day high was $135.23 and low was $71.30.
  • 52 week high for Beyond Meat Inc. - $239.71 and low - $45.00.
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Trend

Beyond Meat Inc. lies in the upper part of a very wide and strong rising 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 $130.96 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 26.17% during the next 3 months and, with 90% probability hold a price between $98.92 and $165.23 at the end of this period.

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Signals

Only positive signals in the chart today. Beyond Meat Inc. holds buy signals from both short- and long-term moving averages. In addition, 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 $119.14 and $88.95. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 23, 2020, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 75 ]

RSI14 is 75 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Beyond Meat Inc. finds support from accumulated volume at $122.40.

Support: $122.40 Price: $124.75 Resistance: $129.18

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $10.23 between high and low, or 8.55%. For the last week, the stock has had a daily average volatility of 10.87%.

Our recommended stop-loss: $117.19 (-6.06%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 2 days ago.)

10.87 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Weaker Buy Today BYND ranks #207 as BUY CANDIDATE #207 Stronger Buy
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