BEYOND MEAT INC. - 1H - Technical analysis published on 10/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 106.08 USD
My targets
109.92 USD (+2.02%)
111.99 USD (+3.94%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BEYOND MEAT INC. as long as the price remains well above 106.08 USD. The buyers' bullish objective is set at 109.92 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 111.99 USD. If there is any crossing, the next objective would be the resistance located at 113.78 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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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. rating is 107.74 USD. The price has increased by +0.62% since the last closing and was between 105.39 USD and 108.44 USD. This implies that the price is at +2.23% from its lowest and at -0.65% from its highest.105.39
108.44
107.74
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BEYOND MEAT INC.:
Technical
Technical analysis of this 1H chart of BEYOND MEAT INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 101.52 | 104.03 | 106.08 | 107.74 | 108.01 | 109.92 | 111.99 |
Change (%) | -5.77% | -3.44% | -1.54% | - | +0.25% | +2.02% | +3.94% |
Change | -6.22 | -3.71 | -1.66 | - | +0.27 | +2.18 | +4.25 |
Level | Major | Intermediate | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 101.95 | 103.61 | 105.35 | 107.01 | 108.75 | 110.41 | 112.15 |
Camarilla | 106.15 | 106.46 | 106.77 | 107.08 | 107.39 | 107.70 | 108.02 |
Woodie | 101.98 | 103.63 | 105.38 | 107.03 | 108.78 | 110.43 | 112.18 |
Fibonacci | 103.61 | 104.91 | 105.72 | 107.01 | 108.31 | 109.12 | 110.41 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 90.74 | 95.45 | 100.54 | 105.25 | 110.34 | 115.05 | 120.14 |
Camarilla | 102.95 | 103.84 | 104.74 | 105.64 | 106.54 | 107.44 | 108.34 |
Woodie | 90.94 | 95.55 | 100.74 | 105.35 | 110.54 | 115.15 | 120.34 |
Fibonacci | 95.45 | 99.19 | 101.50 | 105.25 | 108.99 | 111.30 | 115.05 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 80.45 | 92.23 | 98.75 | 110.53 | 117.05 | 128.83 | 135.35 |
Camarilla | 100.23 | 101.91 | 103.58 | 105.26 | 106.94 | 108.62 | 110.29 |
Woodie | 77.81 | 90.92 | 96.11 | 109.22 | 114.41 | 127.52 | 132.71 |
Fibonacci | 92.23 | 99.22 | 103.54 | 110.53 | 117.52 | 121.84 | 128.83 |
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): | 59.30 | |
MACD (12,26,9): | 0.5500 | |
Directional Movement: | 9.85 | |
AROON (14): | 42.86 | |
DEMA (21): | 107.60 | |
Parabolic SAR (0,02-0,02-0,2): | 108.80 | |
Elder Ray (13): | 0.89 | |
Super Trend (3,10): | 104.60 | |
Zig ZAG (10): | 107.96 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 70.55 | |
TEMA (21): | 107.50 | |
Williams %R (14): | -26.42 | |
Chande Momentum Oscillator (20): | 2.02 | |
Repulse (5,40,3): | -0.0100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0800 | |
Courbe Coppock: | 1.95 |
MA7: | 105.54 | |
MA20: | 106.05 | |
MA50: | 112.89 | |
MA100: | 125.95 | |
MAexp7: | 107.27 | |
MAexp20: | 106.84 | |
MAexp50: | 105.84 | |
MAexp100: | 105.96 | |
Price / MA7: | +2.08% | |
Price / MA20: | +1.59% | |
Price / MA50: | -4.56% | |
Price / MA100: | -14.46% | |
Price / MAexp7: | +0.44% | |
Price / MAexp20: | +0.84% | |
Price / MAexp50: | +1.80% | |
Price / MAexp100: | +1.68% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on BEYOND MEAT INC. at the time of the analysis were as follows:
- Beyond Meat® Breaks through the Breakfast Category in Canada by Introducing Plant-Based Beyond Breakfast Sausage® Links at All Major Retailers Across the Country
- Beyond Meat® Announces Latest Expansion in Plant-Based Chicken Platform
- Beyond Meat® Reports Second Quarter 2021 Financial Results
- Beyond Meat® Expands Partnership With A&W Canada To Launch Plant-Based Chicken Nuggets Nationwide for a Limited Time Starting August 9
- Beyond Meat® to Report Second Quarter 2021 Financial Results on August 5, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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