Beyond Meat stock: buy or sell

BYND stock price: $126.21 2.26% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

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Beyond Meat stock brief

  • Beyond Meat stock climbed 2.26% to close at $126.21 on the stock market on Wednesday, breaking a streak of 4 sessions in negative.
  • Beyond Meat is presenting its earnings report next Tuesday
  • Beyond Meat, Inc., a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally.

Should I buy Beyond Meat stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $BYND stock a buy?

In the current situation of Beyond Meat there is not any eligible buy setup. This doesn't mean $BYND will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Beyond Meat stock?

When is it time to sell Beyond Meat?. Like when we have to buy shares, deciding when is the best time to sell is not a whimsy decision, and we must adhere our own trading style. We like very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies should not be used for shorting $BYND stock

A golden rule is that you must never mantain an open trade that yields losses greater than those expected at the time of purchase. When to sell your stock always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Beyond Meat stock?

Currently, Beyond Meat stock doesn't match any of our preferred sell setups, so if you hold Beyond Meat shares and your operation is in profit probably is not time to sell now

Beyond Meat ratings

In the previous 30 days we couldn't find any rating for Beyond Meat

Beyond Meat stock analysis

SMAs overview

BYND stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $140.70 (11.48% above)
  • R2: $141.01 (11.73% above)
  • R3: $142.51 (12.91% above)
  • The current supports are:

  • S1: $125.87 (-0.27% below)
  • S2: $125.00 (-0.96% below)
  • S3: $123.50 (-2.15% below)
  • Bollinger bands

    Since the price broke down the lower band on July 16, the price rebounded by 1.43%

    BYND stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in early June after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Wednesday was 39.04. Beyond Meat shares dropped a 13.21% since RSI lost the overbought zone

    BYND stock RSI chart

    Beyond Meat stock price history

    Beyond Meat started trading priced at an adjusted price1 of $46.00 on May 2019. Since then, BYND stock surged by 174.37%, with an average of 87.19% per year. If you had invested $1,000USD in Beyond Meat stock on the IPO, it would have a value of $2,743.70 today.

    1: Adjusted price after possible price splits or reverse-splits

    BYND stock price history chart

    Price target for Beyond Meat stock

    Nobody can predict how much a share will be priced tomorrow. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.

    The following table shows the price predictions posted by financial institutions in the last 30 days. Again, these predictions are not direct recommendations for small traders and should not be followed blindly.

    In the previous month we couldn't find any price target published for Beyond Meat stock.

    Earnings and financials

    Beyond Meat ($BYND) is hosting the Q2 earnings call next Tuesday. Forecasted for this quarter is $-0.23, compared to $-0.42 that was reported for Q1.

    Last May, Beyond Meat ($BYND) had the investors call and released the report. Beyond Meat presented earnings of $-0.42 per share on sales of $108.2 million. The Wall St estimate was $-0.19 per share on revenue of $113.7 million.

    Compared to the same quarter last year, EPS was $0.03, so posted EPS is a drop of -1,500.00%. Sales rose a 11.42% on an annualized basis in the , from $970.7M to $1.1B last quarter.

    Beyond Meat performance

    BYND performance compared
    Company1m3m6m
    Beyond Meat ($BYND) -18.70% -6.90% -32.60%

    Important note:
    The comments contained in this post are personal and not recommendations for you to buy or sell stocks. The author of this document does not know the particular scenarios of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for learning reasons only

    Beyond Meat summary

    Wednesday, July 28th, 2021
    Open$124.52
    Close$126.21
    Day range$124 - $127.1
    Previous close$123.42
    Session gain2.26%
    Average true range$6.64
    50d mov avg$137.96
    100d mov avg$133.75
    200d mov avg$141.43
    Earnings dateAugust 3rd, 2021

    Frequently asked questions

    What is Beyond Meat stock symbol?

    Beyond Meat, Inc. is a public company trading in the US stock market with the BYND symbol

    Is Beyond Meat stock a buy or sell?

    Beyond Meat had no ratings in the last 30 days Read the article to get additional tips on trading BYND stock.

    Will BYND go up?

    There were no predictions published by analysts in the last month for Beyond Meat.

    Latest Beyond Meat news