BEYOND MEAT INC (BYND) Stock Technical Analysis
NASDAQ:BYND - Nasdaq - US08862E1091 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to BYND. BYND's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
93% of all other stocks performed better in the past year than BYND.
BYND is part of the Food Products industry. There are 89 other stocks in this industry, of which 75% are performing better than BYND.
BYND is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month BYND has a been trading in the 2.61 - 4.82 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
BYND has an average volume of 2506900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of BYND is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.62
4.44
We found 1 important support area.
- A support zone ranging from 2.65 to 2.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.33 to 3.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.11 from a trend line in the daily time frame.
- Resistance @4.40 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BYND is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BYND is down. |
| ChartMill Relative Strength | 7.85 | NEGATIVE | BYND has a low relative strength, it was outperformed by 92.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BYND is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BYND is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BYND is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.92 | NEUTRAL | The RSI value for BYND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests BYND has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.4 | OVERSOLD | The low Stochastics value suggests BYND may be oversold. |
| Average True Range in percent/ATR (20) | 10.8 | HIGH VOLATILITY | The high ATR as a percentage value for BYND suggests high volalility. |
| Average Directional Index/ADX (14) | 21.74 | NEUTRAL | The ADX value for BYND suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.7
+0.04 (+1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg1.5%
1 Week-10.89%
2 Weeks-20.35%
1 Month-21.97%
3 Month-2.53%
6 Month-31.65%
12 Month-56.03%
2 Year-77.12%
3 Year-88.93%
5 Year-98.01%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%10.8%
ATR Inc-62.96%
Range Today0.11
ADR(20)0.28
ADR(20)%10.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.85
Mansfield-4
10 Day High3.45
10 Day Low2.61
20 Day High4.82
20 Day Low2.61
52 Week High7.6
52 Week Low2.23
CS1 End2.65
CR1 Start3.33
Volume & EV
DER(3)-1.95%
DER(5)-0.65%
Volume2.59M
Volume Incr-34.99%
Vol(5)2.25M
Vol(50)2.51M