BYND on the 15 minute chart has been in a VWAP band breakdown finally slowing down
with the ranging of the candles transitioning from wide body candles into ones more narrow.
Earnings were a very mild beat in the thick of the fall as apparently traders expected more.
The zero-lag MACD has crossed lines under a red histogram that flipped green. The dual...
An update on BYND, a stock ive been watching. I have put out some ideas on it potentially bottoming out and this idea is an update on my previous thoughts.
This analysis is on the 3D chart
ALSO NOTE: Current 3D candle will close AUGUST 1st.
I've split my thoughts into Bullish/Bearish sections, Lets start with the GOOD NEWS first!
BULLISH THOUGHTS
Currently...
It formed a base around its current price. Looks like it want to hit 35-40 range. Once it breaks above 19 and stays above it, then next stop around 40. All the best.
BYND has had a good trend up over about 15 days rising about 40% over the interval.
The question that arises is whether the trend is now near to a top and so consolidation or
reverse or instead can it continue higher? The indicators may give a hint on the 4 hr
chart which being a higher time frame has better reliability than a low TF. About a week ago
price...
Hi guys. So BYND is something ive been observing along with LMND and CVNA. WHich i believe these 3 have similar patterns, especially the BULLISH DIVERGENCE on large timeframes like the weekly.
This analysis of Beyond Meat is also on the WEEKLY. Im using the Weekly timeframe as i believe these stocks are good investments (holding for more than couple months) for...
BYND had it surge in the post Covid months. As seen on the weekly chart, multiple
touches of the supply / resistance zone occurred in the range of $160-180 per share.
Price is now at 5-10% of the highs and at the multi-year lows. Volume is weak.
The RSI swing indicator has given a buy signal but I am skeptical. BYND is heavily shorted
and sellers have...
On the chart, we can see a triple bottom for BYND, which is at its all time low.
Because of these facts, we expect a huge upside for BYND 50% gain from its current price.
RSI is showing a bullish divergence.
More details are shown on the chart.
Good luck!
Beyond Meat (BYND) is below its 1D MA50 (blue trend-line) but unlike the previous break on August 19 2022, it is reversing to re-test it as a Resistance. If successful, it will be the first step towards a major bullish break-out.
The long-term Resistance is the June 30 2021 Lower Highs trend-line, basically the trend-line that started from the most recent peak....
Looking at the H4 chart, my overall bias for BYND is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 16.65, where the 38.2% Fibonacci line and overlap support is. Stop loss will be at 11.04, where the recent swing low is. Take profit will be at 22.54, where the overlap resistance...
Looking at the H4 chart, my overall bias for BYND is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 16.65, where the 38.2% Fibonacci line and overlap support is. Stop loss will be at 11.04, where the recent swing low is. Take profit will be at 22.54, where the overlap resistance...
If looking at last year's POC of BYND, you can notice we have been oscillating above and below that $15 range since September 2022. BYND has been in this slightly sloping downward/sideways channel with the most recent low being the bottom of the value range, building a nice base for a move higher.
In recent days I've noticed some unusual options activity in a...
Beyond Meat - 30d expiry - We look to Sell at 16.18 (stop at 17.45)
The primary trend remains bearish.
This stock has seen poor sales growth.
Price action continued to range between key support & resistance (12 - 16) and we expect this to continue.
Preferred trade is to sell into rallies.
16 continues to hold back the bulls.
The bias is to break to the...
Classic bullish diamond formation. Should mean that the price will go up, but there's no reason for that to happen other than due to a squeeze which could happen as the stock is at 148% borrow fee at the moment.
On the other hand, BYND's financials are bad and the market may be about to go in bear mode which would instead support the move down.
The correct move...
Beyond Meat - 30d expiry - We look to Sell at 16.18 (stop at 17.45)
The primary trend remains bearish.
This stock has seen poor sales growth.
Price action continued to range between key support & resistance (12 - 16) and we expect this to continue.
Preferred trade is to sell into rallies.
16 continues to hold back the bulls.
The bias is to break to the...
BYND is sitting at key support line (green).
If the support line holds - price will go re-test the orange line above and try to breakthrough.
If the support line fails - price will go down to test the orange line below for support. If the orange line holds as support - the green line will become resistance.
There are no doubts that BYND is going nowhere! But why?
It's worth mentioning that they had a first wave of layoff (~40) in August, followed by second wave that happened yesterday. Yesterday more than half (words say 75%) of R&D department were notified virtually that they no longer work for BYND. Company has been struggling with cash flow for months, words on...
