BYND trade ideas
BYND19 Wall Street analysts have issued ratings and price targets for Beyond Meat in the last 12 months. Their average twelve-month price target is $121.11, predicting that the stock has a possible downside of 7.84%. The high price target for BYND is $190.00 and the low price target for BYND is $68.00.
Beyond Meat, Inc., a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. It operates under the Beyond Meat, Beyond Burger, Beyond Beef, Beyond Sausage, Beyond Breakfast Sausage, Beyond Chicken, Beyond Fried Chicken, Beyond Meatball, the Caped Steer Logo, Go Beyond, Eat What You Love, The Cookout Classic, The Future of Protein, and The Future of Protein Beyond Meat and design trademarks. The company sells its products through grocery, mass merchandiser, club, convenience store, natural retailer channels, restaurants, foodservice outlets, and schools, as well as through an e-commerce site. The company was formerly known as Savage River, Inc. and changed its name to Beyond Meat, Inc. in September 2018. Beyond Meat, Inc. was founded in 2009 and is headquartered in El Segundo, California.
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BYND - Stuck Between Two Battle ZonesThis one looks like a break out with Trend Line analysis. But the Demand/Supply Zones on either side of current price mean that it probably will not move very quickly. It does have Positive Divergence on the PPO.
This one doesn't appeal to me until it is above 145 or below 113.
$BYND Breakout Soon?$BYND is a beautiful pattered which could result into a breakout. In the chart I have the top and bottom of the trend lines marked at their prices. Currently I am looking @ 4/9 150 lottos and if we see an ABCDE correction breakout I will go with further expirations. This seems like a low risk high reward Yolo play to me. Comment your thoughts.
Beyond Meat is waiting for a trend It is at a very strong support level at $130-120.
It has strong resistance at $200 and has yet to touch its all-time high around $250 (it will eventually).
3 major oscillators are at the oversold point (buy signal).
It is waiting to start a trend after spending almost 1 year trading in the same range (120-200).
I see no way that it will continue to fall unless something extraordinary happens that impacts the markets as a whole.
The chart is on a logarithmic scale and on a daily candle.
NASDAQ:BYND
Watching BYND for longBYND in a downward trend retesting demand zone. I'll monitor the movement to see if it bounces and breaks trend. If it breaks trend will look for an entry on retest of new support. If continues on downtrend surpassing the demand zone, then it can flush. I see some support at $102 level. Lets see what it does, the market still needs a correction, so not to bullish.