BEYOND MEAT INC.
BEYOND MEAT INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: BYND
ISIN:

BEYOND MEAT INC. - 1H - Technical analysis published on 10/19/2021 (GMT)

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  • Timeframe : 1H
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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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Indicators

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:

Central 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


S3S2S1PriceR1R2R3
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
Standard101.95103.61105.35107.01108.75110.41112.15
Camarilla106.15106.46106.77107.08107.39107.70108.02
Woodie101.98103.63105.38107.03108.78110.43112.18
Fibonacci103.61104.91105.72107.01108.31109.12110.41


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard90.7495.45100.54105.25110.34115.05120.14
Camarilla102.95103.84104.74105.64106.54107.44108.34
Woodie90.9495.55100.74105.35110.54115.15120.34
Fibonacci95.4599.19101.50105.25108.99111.30115.05


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard80.4592.2398.75110.53117.05128.83135.35
Camarilla100.23101.91103.58105.26106.94108.62110.29
Woodie77.8190.9296.11109.22114.41127.52132.71
Fibonacci92.2399.22103.54110.53117.52121.84128.83

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 : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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