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Weaker Buy Today BYND ranks #1398 as BUY CANDIDATE #1398 Stronger Buy

BYND stock forecast Beyond Meat Inc.

BYND stock forecast

Monday June 24, 2019 Change -8.53% Price $140.99
Chart period: 2019-05-02 - 2019-06-24
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will BYND stock price go up or down on Tue, 25 Jun 2019?

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Beyond Meat Inc. Forecast and Stock Analysis

Technical BYND stock analysis for Monday June 24, 2019.

Buy candidate since 2019-06-19 Loss -16.71%


Beyond Meat Inc. fell by -8.53% in the last day ( Monday, 24th Jun 2019 ) from $154.13 to $140.99 and has now fallen 6 days in a row. During day the stock fluctuated 10.65% from a day low at $138.00 to a day high of $152.70. The price has fallen in 7 of the last 10 days and is down by -16.13% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1.01 million shares and in total 6.44 million shares bought and sold for approximately $908.31 million.

Quick summary:

  • 30 day high of the BYND stock price was $201.88 and low was $83.70.
  • 90 day high was $201.88 and low was $45.00.
  • 52 week high for the Beyond Meat Inc. - $201.88 and low - $45.00.

Trend

Beyond Meat Inc. has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $145.52. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

Beyond Meat Inc. holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $160.13. On a fall, the stock will find some support from the long-term average at approximately $108.77. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday June 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Beyond Meat Inc. finds support from accumulated volume at $138.65.

Support: $138.65 Price: $140.99 Resistance: $141.97

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 $14.70 between high and low, or 10.65%. For the last week, the stock has had a daily average volatility of 11.64%.

Our recommended stoploss: $128.71 (-8.71%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 5 days ago.)

11.64 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

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.

Buy Candidate Downgraded
Weaker Buy Today BYND ranks #1398 as BUY CANDIDATE #1398 Stronger Buy

Will BYND stock price go up or down on Tue, 25 Jun 2019?

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