RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BYND
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Red day on Thursday for Beyond Meat Inc.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 15, 2024 Loss -2.59% PDF

The Beyond Meat Inc. stock price fell by -0.121% on the last day (Thursday, 28th Mar 2024) from $8.29 to $8.28. During the last trading day the stock fluctuated 5.60% from a day low at $8.22 to a day high of $8.68. The price has been going up and down for this period, and there has been a 0.61% gain for the last 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $17.03 million.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.43% during the next 3 months and, with a 90% probability hold a price between $7.18 and $11.89 at the end of this 3-month period.

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BYND Signals & Forecast

The Beyond Meat Inc. 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 $8.13 and $7.98. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 4.81%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Beyond Meat Inc. stock

Beyond Meat Inc. finds support from accumulated volume at $8.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the 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 $0.460 between high and low, or 5.60%. For the last week, the stock has had daily average volatility of 4.88%.

Our recommended stop-loss: $7.93 (-4.29%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (BYND) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Beyond Meat Inc. to open at $8.39, and during the day (based on 14 day Average True Range), to move between $7.65 and $8.91, which gives a possible trading interval of +/-$0.633 (+/-7.65%) up or down from last closing price. If Beyond Meat Inc. takes out the full calculated possible swing range there will be an estimated 15.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.19 (1.09%) than the resistance at $8.51 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Beyond Meat Inc. stock A Buy?

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 Beyond Meat Inc. stock to perform well in the short-term.

Current score: 1.915 Buy Candidate Unchanged

Predicted Opening Price for Beyond Meat Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$8.39 ( 1.37%) $8.28

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BYND

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.85 6.92 %
R2 8.68 4.80 %
R1 8.57 3.49 %
Current price: 8.28
Support S1 8.22 -0.753 %
S2 8.11 -2.06 %
S3 7.93 -4.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.83 18.72 %
R2 9.77 18.00 %
R1 8.51 2.78 %
Current price 8.28
Support S1 8.19 -1.09%
S2 7.52 -9.18%
S3 6.82 -17.63%

FAQ

What is the symbol for Beyond Meat Inc. Stock and on which exchange is it traded?
The symbol for Beyond Meat Inc. is BYND and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Beyond Meat Inc. Stock?
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 Beyond Meat Inc. stock to perform well in the short-term.

How to buy Beyond Meat Inc. Stock?
Beyond Meat Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Beyond Meat Inc. Stock.

What's the current price of Beyond Meat Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Beyond Meat Inc. (BYND) share was $8.28.

What is the 52-week high and low for Beyond Meat Inc. Stock?
The 52-week high for Beyond Meat Inc. Stock is $19.24 and the 52-week low is $5.58.

What is the market capitalization of Beyond Meat Inc. Stock?
As of the 2024-03-28, the market capitalization of Beyond Meat Inc. is 535.528M.

When is the next earnings date for Beyond Meat Inc.?
The upcoming earnings date for Beyond Meat Inc. is May 08, 2024.
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About Beyond Meat Inc.

Beyond Meat. Beyond Meat, Inc. manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club store, convenience store and natural retailer channels, and direct-to-consumer, as well as various food-away-from-home channels, including restaurants, foodservice ... BYND Profile

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