MDLZ stock: buy or sell
Apr 22nd, 2021
MDLZ stock brief
- Mondelez closed on Wednesday at $59.57 after just changing a 0.61%.
- Mondelez is presenting its earnings report next Tuesday
- Mondelez International, Inc., through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide.
Should I buy Mondelez 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 $MDLZ stock a buy?
Currently, Mondelez stock matches one trading strategy:
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at all-time highs is that price doesn't have upper resistances, and usually it rises fast. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is always important. Mondelez can break to ATH any time soon, as it only needs to rise a 0.69%. Setup your buy order at $59.98 if you want to trade with this strategy. The stop loss would be set at $53.98
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$59.98||$53.98||10.00%|
Should I sell Mondelez stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Similarly to when we have to buy shares, deciding when is appropiate time to sell is not a whimsical decision, and we must use our own trading style. Our trading system selects very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies are not intended for selling short $MDLZ stock
As a rule of thumb, you must never mantain an operation that leads to higher than expected losses at the time of purchase. The moment to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Mondelez stock?
In the current situation of Mondelez there is not any eligible sell setup, so Mondelez stock holders with operations in profit can keep their positions
In the previous 30 days we couldn't find any rating for Mondelez
Mondelez stock analysis
Supports and resistances
The current resistance levels are:
The current support levels are:
The actual distance between the upper and lower bands is less than 5%, meaning that volatility is at very low levels. The tightness of the Bollinger bands is usually a signal of a sudden price movement (up or down), so we must be alert and manage our buy or sell orders correctly
Relative strength index
The RSI dropped below the overbought level of 70 in late March after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Wednesday was 64.5. Mondelez shares slightly moved a 0.50% since then
Mondelez stock price history
Mondelez IPO was on Jun 13th, 2001 at $12.79 per share1. Since then, MDLZ stock has risen by 365.75%, with an average of 19.25% per year. If you had invested $1,000USD in Mondelez stock at that time, it would have a value of $4,657.54 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Mondelez stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.
The following table shows the price forecasts published by brokerage institutions in the last 30 days. If you are a small trader you don't have to buy or sell based on these predictions.
We don't have any target price posted in the previous month for Mondelez.
Earnings and financials
MDLZ ($MDLZ) is hosting the Q1 earnings call next Tuesday. Market forecasts of $0.69, compared to previous quarter that was $0.67.
Last January, Mondelez International, Inc. ($MDLZ) reported EPS for that matched Wall St. expectations. Quarterly EPS was $0.67 per share from an estimated $0.66. The company said revenue for this quarter was $7.3 billion consistent with analysts' estimates as well.Compared to the same quarter one year ago, EPS was $0.61, so posted EPS is a increase of 9.84%. Looking at turnover, figures moved up a 5.57% compared to $69.1B same quarter last year.
Important note:The comments expressed in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not have an understanding of the specific conditions of the reader, his or her finances 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 Opinions are published for informational motives only
|Wednesday, April 21st, 2021|
|Day range||$59.3 - $59.8|
|Average true range||$0.74|
|50d mov avg||$56.67|
|100d mov avg||$56.79|
|200d mov avg||$56.10|
|Earnings date||April 27th, 2021|