Mondelez International Stock Forecast
Mondelez International stock price up 0.792% on Wednesday
(Updated on Apr 24, 2024)
The Mondelez International stock price gained 0.792% on the last trading day (Wednesday, 24th Apr 2024), rising from $70.75 to $71.31. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.39% from a day low at $69.87 to a day high of $71.54. The price has risen in 8 of the last 10 days and is up by 6.94% over the past 2 weeks. Volume fell on the last day by -404 thousand shares and in total, 15 million shares were bought and sold for approximately $1.10 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -10.61% during the next 3 months and, with a 90% probability hold a price between $58.02 and $63.74 at the end of this 3-month period. 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.
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MDLZ Signals & Forecast
The Mondelez International stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $68.46 and $69.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 8.26%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Mondelez International stock
Mondelez International finds support from accumulated volume at $70.75 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 $1.67 (2.39%) between high and low. For the last week, the stock has had daily average volatility of 1.83%.
Since the Mondelez International has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $69.07 (-3.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (MDLZ) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Mondelez International to open at $70.90, and during the day (based on 14 day Average True Range), to move between $70.20 and $72.42, which gives a possible trading interval of +/-$1.11 (+/-1.56%) up or down from last closing price. If Mondelez International takes out the full calculated possible swing range there will be an estimated 3.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $70.75 (0.79%) than the resistance at $71.98 (0.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Mondelez International will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.88. We will update the financials statements for Mondelez International, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.85% in the first trading day after earnings release.
Is Mondelez International stock A Buy?
Mondelez International holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Mondelez International of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $70.90 ( 0.570%) | $71.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDLZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.57 | 1.77 % | |
| R2 | 71.94 | 0.88 % | ||
| R1 | 71.54 | 0.324 % | ||
| Current price: | 71.31 | |||
| Support | S1 | 70.27 | -1.46 % | |
| S2 | 69.87 | -2.02 % | ||
| S3 | 69.23 | -2.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.27 | 5.55 % | |
| R2 | 73.19 | 2.64 % | ||
| R1 | 71.98 | 0.94 % | ||
| Current price | 71.31 | |||
| Support | S1 | 70.75 | -0.785% | |
| S2 | 70.04 | -1.78% | ||
| S3 | 68.21 | -4.35% |
MDLZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2024 | Mar 27, 2024 | Apr 11, 2024 | $0.425 | 0.636% |
| 2 | Dec 08, 2023 | Dec 29, 2023 | Jan 12, 2024 | $0.425 | 0.581% |
| 3 | Dec 08, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.425 | 0.581% |
| 4 | Jul 27, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.425 | 0.691% |
| 5 | May 17, 2023 | Jun 29, 2023 | Oct 13, 2023 | $0.385 | 0.626% |
FAQ
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