Earnings

Mondelez International, Inc. (NASDAQ:MDLZ) Gives Mixed Technical Signals Today

Mondelez International, Inc. (NASDAQ:MDLZ) gained 0.20% in yesterday’s session, going up from its prior closing price of $41.02 to $41.10, and has now recorded rally in 3 consecutive sessions. Many in the market will be closely watching whether this winning streak is sustainable or take a temporary pause for the next couple of trading sessions. The stock price went upward in 6 of the last 10 days and has generated 2.26% during the last two weeks. The upbeat movement of both volume and price during the recent session is interpreted as a good sign, and, overall 0.99 million more shares exchanged hands compared with prior day. In total, 6.73 M shares exchanged hands for about $276.43 million.

Inside MDLZ’s Recent Trend

Mondelez International, Inc. (MDLZ) lies in the middle of a falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -9.07% over the course of a quarter and, with 90% chance the price will be floating in the range of $35.66 and $38.10 in this timeframe.

Mondelez International, Inc. Technical Signals



MDLZ is a buy based on short-term MA; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On additional rally, the share price will meet long term resistance at around $41.21. On a drop, the stock is likely to find some support over the short run, which begins at $40.84. A buy signal will be generated if it crosses above the long term moving average. Meanwhile, a price down versus the short-term MA will be a fresh sales call. Its pivot point high generated sell signal on Monday October 02, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity.

Mondelez International, Inc. (NASDAQ:MDLZ) Support And Resistance Levels

Mondelez International, Inc. (MDLZ) recorded volume accumulation so there will probably be a surplus of buyers at $40.66. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $41.63, $41.88 and $43.41.




Accumulated volume is going to prevent the price from rising further at $41.63 and this action will lead the price to take a temporary pause or stay muted for a few days.

Mondelez International, Inc. (MDLZ) Risk Assessment

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $0.28 (0.68%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 1.18%.

 

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