Mondelez International Forecast and Stock Analysis
Technical MDLZ stock analysis for March 15, 2019.
Mondelez International gained 0.95% in the last trading day, rising from $47.35 to $47.80 , and has now gained 4 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. The price has been going up and down for this period, and there has been a 1.21% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 4.42 million more shares were traded than the day before. In total, 9.67 million shares bought and sold for approximately $462.21 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the MDLZ stock was $47.80. This is 0.95% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 1.22% from a day low at $47.38 to a day high of $47.96.
30 day high of the MDLZ stock price was $48.46 and low was $46.37.
90 day high was $48.46 and low was $38.79.
52 week high for the Mondelez International - $48.46 and low - $37.42.
Mondelez International lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $47.31 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.91% during the next 3 months and, with 90% probability hold a price between $57.20 and $61.36 at the end of this period.
Only positive signals in the chart today. Mondelez International 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 $47.13 and $46.68. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday March 08, 2019, 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.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
Mondelez International finds support from accumulated volume at $46.26.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.58 (1.22%) between high and low. For the last week, the stock has had a daily average volatility of 1.11%.
Our recommended stoploss: $45.35 (-5.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
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Evaluation: Strong Buy Candidate
Mondelez International holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.