MDLZ stock: buy or sell
Jul 29th, 2021
MDLZ stock brief
- After making new all-time highs on Tuesday, Mondelez closed on Wednesday at $63.40 sinking a -2.81%
- Mondelez posted its financial report on Tuesday
- The stock is configuring an uptrend pattern since last March, when it bottomed at $52.37. Up to date, shares marked a 21.06% gain since the beginning of this rally
- Mondelez International, Inc., through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide.
Should I buy Mondelez stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 $MDLZ stock a buy?
Currently, Mondelez stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $MDLZ in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Mondelez stock?
"To sell or not to sell", if you are holding Mondelez stock?. Trading strategies give us the ability us to avoid rash decisions based on our personal sentiments or the buzz surrounding the market. We like very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups should not be used for selling short $MDLZ stock
As a golden rule, you should never mantain a trading operation that shows a losses greater than those expected at the time of purchase. The moment to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Mondelez stock?
Currently, Mondelez stock doesn't match any of our preferred sell setups, so if you own Mondelez stock and your operation is in profit probably is not time to sell now
In the last month we couldn't find any rating for Mondelez
Mondelez stock analysis
Since last March, Mondelez has been drawing an uptrend that so far marked a gorgeous 21.06%. The price shows higher peaks and higher lows, and along the way provided some buying opportunities for those who wanted to trade in. Latest low was in mid-June, when price bounced at $61.56. Like in all uptrends, price needs to take breath and now price is moving in a range between $65.60 and $61.56
$MDLZ at Highs
On Tuesday, Mondelez marked all-time highs (ATH) again at $65.60. Stock hit new all-time highs 4 times in the last 10 sessions
Supports and resistances
The current resistances are:
The current support levels are:
Since the price surpassed the upper band on Tuesday, the price dropped by 3.35%. The price is moving very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks. The price is trading very close to the lower Bollinger band, signaling some level of oversold in recent sessions. This is not a bullish indicator, as price can move in these levels for many days and weeks
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 value on Wednesday was 48.64. Mondelez price slightly moved a 0.47% since RSI lost the overbought zone
Mondelez stock price history
Mondelez IPO was on Jun 13th, 2001 priced at $12.72 per share1. Since then, MDLZ stock has risen by 398.43%, with an average of 19.92% per year. If you had invested $1,000USD in Mondelez stock on Jun 2001, it would be valued $4,984.28 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Mondelez stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts posted by analysts in the last 30 days. Again, these targets are not direct recommendations for individual investors and must not be followed blindly.
In the previous 30 days we couldn't find any price target published for Mondelez stock.
Earnings and financials
Mondelez International, Inc. ($MDLZ) published earnings of $0.66 per share on Tuesday, meeting the analysts consensus estimate of $0.64 per share. Estimated revenue for Q2 was $6.4 billion but Mondelez slightly uplifted by 3.62%, reporting $6.6 billion.Compared to the same quarter last year, EPS was $0.63, so posted EPS is a gain of 4.76%. Sales grew a 7.92% on an annualized basis in the , from $67.1B to $72.4B last quarter.
MDLZ ($MDLZ) is presenting financial report next November.
Please read:The thoughts contained in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not have any knowledge of the individual conditions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for learning motives only
|Wednesday, July 28th, 2021|
|Day range||$63.19 - $64.67|
|Average true range||$0.90|
|50d mov avg||$63.16|
|100d mov avg||$60.99|
|200d mov avg||$58.43|
|Earnings date||November 1st, 2021|