INFINITY AND BELOW!Beyond Meat Inc. stock fell 5.2% in Friday trading after the plant-based meat company was initiated at sell at CFRA with a $120 12-month target. Analyst Arun Sundaram expects Beyond Meat to face increased competition from large food companies. Tyson Foods Inc. and Kellogg Co. are among the businesses that have entered the space with their own plant-based alternatives.
Beyond Meat shares are falling because of what happened to a competitor. Reuters reported Dave & Buster’s was bumping Beyond peer Impossible Foods, testing instead the new Lightlife brand made by competitor Maple Leaf Foods.
WHY I THINK THE MARKET IS GOING DOWN ?
1) The market is overvalued.
2) Too many competitors like impossible meat.
3) Plant based burgers not hard to make.
Meat
Beyond meat, 40% upside, little riskNASDAQ:BYND
Beyond meat is one of the best-preforming stocks this year, and will go into the history books of IPO´s. BYND is an alternative-to-meat company; in other words, they are in an incredibly growing market.
Their valuation is sky-high, but after the recent correction, there might be a trade opportunity. BYND has quadrupled earnings since the same time last year. Still, BYND fell more than 25%, but after hitting support, it´s been slowly climbing, indicating a trend reversal.
If the reversal is confirmed, we have an upside of 40%, a stop-loss at 165$ would fix our losses at 6%.
Keep in mind; the valuation is still incredibly high, so we must treat this as a trade. Should our support break, there is no telling where the price bottoms out.
Beyond Meat - the new TLRYThis was the hottest IPO of 2019. Statistically it was totally out of the line with others. But it happened and I'm glad that I was in it
The company is fine and the product is great.
But the revenue and the growth pace need to find balance with the market value of the company.
As soon as greed ends and we move to lock up period end BYND should correct somehow.
The 3 month lock up period is on 2 August,
The 6 month lock up period is on 2 November.
Earnings support and Volume support holds near ~ $100. This will eventually revisit.
Selling short overnight price is around 300%/year , as soon as it settles - we will have the meltdown.
Tyson technical/fundamental bull analysisFundamental analysis
With all the hype around Beyond Meat meatless burgers. Tyson (TSN) who is a now official competitor on this semi-new (not only for vegetarian) market could be a gainer.
Technical analysis
RSI @48 trending higher (could be stronger)
OBV confirming at all time high
We made a head and shoulders (shown on chart), with a positive uptrend on the support level.
Price target as well as stop-loss limit are drawn in the chart.
Happy trading!
dorfmanmaster
Beyond Meat: where does the story end ? or begin?I saw a post about a beyond meat chart floading around here and i wondered myself: where can bynd go, will it go anywhere? will it be a "bull" riding up until, where ? 100USD ? or will the bears kill it, not so vegan any longer, and drop down or stay in this position?
only time will tell, i made a super fast chart idea with some green and red lines showing possible areas of the course of BYN:USD following the massive increase from the opening of the stock nearly 3 weeks ago. this graphs background is the idea of an increasing price of BYND stacks.
this is not financial or trading advise, this is an opinion , maybe even a crappy one, only time will tell.