BEYOND MEAT INC (BYND) Stock Technical Analysis
USA - NASDAQ:BYND - US08862E1091 - Common Stock
Taking everything into account, BYND scores 1 out of 10 in our technical rating. BYND scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BYND has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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1.17
When analyzing the support we notice one important area.
- Support @1.18 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @1.39 from a horizontal line in the daily time frame.
- Resistance @2.30 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 | DOWN | NEGATIVE | The short term trend for BYND is down. |
| ChartMill Relative Strength | 1.8 | NEGATIVE | BYND has a low relative strength, it was outperformed by 98.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BYND is below the rising 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) | 43.17 | NEUTRAL | The RSI value for BYND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BYND has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.9 | OVERSOLD | The low Stochastics value suggests BYND may be oversold. |
| Average True Range in percent/ATR (20) | 54.69 | HIGH VOLATILITY | The high ATR as a percentage value for BYND suggests high volalility. |
| Average Directional Index/ADX (14) | 36.37 | POSITIVE | The high ADX value value for BYND suggests a strong trend. |
1.34
-0.05 (-3.6%)
BEYOND MEAT INC / BYND FAQ
Can you provide the ChartMill technical rating for BEYOND MEAT INC?
ChartMill assigns a technical rating of 1 / 10 to BYND.
Can you provide the trend direction for BEYOND MEAT INC?
The current trend direction for BEYOND MEAT INC (BYND) is Bearish.
What is the RSI signal for BEYOND MEAT INC (BYND) stock?
BEYOND MEAT INC (BYND) has an RSI value of 43.1696. This indicates that the stock is currently neutral.
What is the buy/sell signal for BEYOND MEAT INC (BYND) stock?
The buy/sell signal for BEYOND MEAT INC (BYND) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for BEYOND MEAT INC?
BEYOND MEAT INC (BYND) has a support level at 1.18 and a resistance level at 1.39. Check the full technical report for our detailed analysis of BYND support and resistance levels.