BEYOND MEAT INC (BYND) Stock Technical Analysis
NASDAQ:BYND - Nasdaq - US08862E1091 - Common Stock - Currency: USD
Overall BYND gets a technical rating of 2 out of 10. In the past year, BYND was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, BYND is a bad performer in the overall market: 93% of all stocks are doing better.
BYND is part of the Food Products industry. There are 90 other stocks in this industry, of which 79% are performing better than BYND.
BYND is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BYND is lagging the market.
In the last month BYND has a been trading in the 2.23 - 3.13 range, which is quite wide. It is currently trading near the high of this range.
BYND has an average volume of 2214820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
2.90
4.24
3 important resistance areas can be observed.
- A resistance zone ranging from 2.94 to 2.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.38 from a trend line in the daily time frame.
- Resistance @4.20 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for BYND is up. |
| ChartMill Relative Strength | 7.91 | NEGATIVE | BYND has a low relative strength, it was outperformed by 92.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BYND is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BYND is above 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) | 61.43 | NEUTRAL | The RSI value for BYND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BYND has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.3 | OVERBOUGHT | The high Stochastics value suggests BYND may be overbought. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for BYND suggests high volalility. |
| Average Directional Index/ADX (14) | 28.37 | POSITIVE | The high ADX value value for BYND suggests a strong 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)
2.93
-0.03 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.01%
1 Week18.62%
2 Weeks25.21%
1 Month14.9%
3 Month-27.11%
6 Month-40.08%
12 Month-59.14%
2 Year-71.13%
3 Year-88.92%
5 Year-97.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%5.19%
ATR Inc34.84%
Range Today0.23
ADR(20)0.15
ADR(20)%5.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.91
Mansfield-4.22
10 Day High3.13
10 Day Low2.25
20 Day High3.13
20 Day Low2.23
52 Week High9.24
52 Week Low2.23
CS1 EndN/A
CR1 Start2.94
Volume & EV
DER(3)1.48%
DER(5)3.94%
Volume2.12M
Volume Incr27%
Vol(5)2.58M
Vol(50)2.21M