BEYOND MEAT INC. - 1H - Technical analysis published on 06/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 162.46 USD
My targets
175.37 USD (+5.95%)
187.53 USD (+13.30%)
My analysis
The bullish trend is currently very strong on BEYOND MEAT INC.. As long as the price remains above the support at 162.46 USD, you could try to benefit from the boom. The first bullish objective is located at 175.37 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 187.53 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BEYOND MEAT INC. price is 165.52 USD. The price has increased by +8.94% since the last closing and was between 154.51 USD and 167.16 USD. This implies that the price is at +7.13% from its lowest and at -0.98% from its highest.154.51
167.16
165.52
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this BEYOND MEAT INC. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 147.54 | 157.35 | 162.46 | 165.52 |
| Change (%) | -10.86% | -4.94% | -1.85% | - |
| Change | -17.98 | -8.17 | -3.06 | - |
| Level | Intermediate | Minor | Major | - |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.39 | 142.47 | 147.20 | 152.28 | 157.01 | 162.09 | 166.82 |
| Camarilla | 149.24 | 150.14 | 151.04 | 151.94 | 152.84 | 153.74 | 154.64 |
| Woodie | 137.23 | 142.38 | 147.04 | 152.19 | 156.85 | 162.00 | 166.66 |
| Fibonacci | 142.47 | 146.21 | 148.53 | 152.28 | 156.02 | 158.34 | 162.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.12 | 120.43 | 132.59 | 147.90 | 160.06 | 175.37 | 187.53 |
| Camarilla | 137.19 | 139.70 | 142.22 | 144.74 | 147.26 | 149.78 | 152.29 |
| Woodie | 103.54 | 119.64 | 131.01 | 147.11 | 158.48 | 174.58 | 185.95 |
| Fibonacci | 120.43 | 130.93 | 137.41 | 147.90 | 158.40 | 164.88 | 175.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.31 | 62.41 | 95.35 | 121.45 | 154.39 | 180.49 | 213.43 |
| Camarilla | 112.05 | 117.47 | 122.88 | 128.29 | 133.70 | 139.11 | 144.53 |
| Woodie | 39.73 | 64.12 | 98.77 | 123.16 | 157.81 | 182.20 | 216.85 |
| Fibonacci | 62.41 | 84.96 | 98.90 | 121.45 | 144.00 | 157.94 | 180.49 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.96 | |
| MACD (12,26,9): | 2.5900 | |
| Directional Movement: | 23.17 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 155.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 147.88 | |
| Elder Ray (13): | 9.47 | |
| Super Trend (3,10): | 150.47 | |
| Zig ZAG (10): | 164.46 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 82.81 | |
| TEMA (21): | 157.34 | |
| Williams %R (14): | -2.62 | |
| Chande Momentum Oscillator (20): | 14.19 | |
| Repulse (5,40,3): | 5.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 11.81 |
| MA7: | 152.57 | |
| MA20: | 141.53 | |
| MA50: | 117.74 | |
| MA100: | 105.28 | |
| MAexp7: | 158.41 | |
| MAexp20: | 152.58 | |
| MAexp50: | 149.34 | |
| MAexp100: | 144.62 | |
| Price / MA7: | +8.49% | |
| Price / MA20: | +16.95% | |
| Price / MA50: | +40.58% | |
| Price / MA100: | +57.22% | |
| Price / MAexp7: | +4.49% | |
| Price / MAexp20: | +8.48% | |
| Price / MAexp50: | +10.83% | |
| Price / MAexp100: | +14.45% |
Quotes :
2020-06-17 15:38:47
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15 min delayed data
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NASDAQ Stocks
News
The last news published on BEYOND MEAT INC. at the time of the generation of this analysis was as follows:
- Beyond Meat® Launches Cookout Classic™ at Most Affordable Price Point Yet, Furthering Goal of Making Plant-based Meat Accessible to All
- Beyond Meat® Expands Local Production Capabilities in Europe
- Beyond Meat® to Present at the William Blair 40th Annual Growth Stock Conference
- Beyond Meat® Reports First Quarter 2020 Financial Results
- Beyond Meat® Announces New Revolving Credit Facility
This member declared not having a position on this financial instrument or a related financial instrument.
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