Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Beyond Meat stock price (NASDAQ: BYND) fell 11% (approx.) in the after-hours session.</a> </li> 
 <li> <span>2</span> <a>BYND stock price faced rejection from the 200-day EMA but still holds the 50-day EMA.</a> </li> 
 <li> <span>3</span> <a>Beyond Meat Inc. met the EPS estimate but was disappointed in revenue.</a> </li> 
</ul> 
<p>Beyond Meat stock price (NASDAQ: BYND) corrected 20% (approx.) from the recent swing high. It showed that bulls losing momentum and prices are reversing.&nbsp;</p> 
<p>BYND stock price faced rejection from the 200-day EMA showing the positional trend is in the downward direction. Presently, the stock is near to the 50-day EMA which is acting as immediate support.&nbsp;</p> 
<p>In the mid of May, Beyond Meat stock fell 18% in a single day and hit a 52-week low at $9.82. Later, BYND stock consolidated for a few weeks in the narrow range and formed a short-term base.&nbsp;</p> 
<p>At the beginning of June, Beyond <a href="https://www.thecoinrepublic.com/2023/03/29/bed-bath-beyond-stock-price-prediction-will-bbby-make-recovery/" rel="noopener noreferrer nofollow">stock </a>witnessed a sudden rise in the buying volume which positively impacted the prices. Slowly, prices began to recover and managed to climb above the 50-day EMA. It triggers positive sentiment and regains the confidence of investors.&nbsp;</p> 
<p>BYND stock took support near $12.00 and bounced back with strong momentum. It rallied up to 60% in a short span of time. However, the momentum halted near $19.00 and prices formed an inverted hammer candle in the supply zone.</p> 
<h2 class="wp-block-heading" id="strong-will-beyond-stock-price-bounce-back-from-support-strong"><strong>Will Beyond Stock Price Bounce Back from Support?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/X1uORXE-CEAlOnIId_JMtZQRvJS9uk6enNLMkBLPrvpzbXdCxxi34GVFyDJPYiFC4nTIBxyP3_7uPt4Tpy1cXP04for1UoC7Y3lz6VLKXwW39rJtp-RKqEGNgQp83kv0Yp6etB82S6WVzjY0eDvrbA" alt="Beyond Meat Stock: BYND Stock Fell 11% After Hours, Know Why?"> 
  <figcaption class="wp-element-caption">
    NASDAQ: BYND daily chart by <a href="https://www.tradingview.com/x/PUSfVKmR/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Beyond Meat stock price (NASDAQ: BYND) is in the correction phase but buyers are trying their best to rebound. BYND <a href="https://www.thecoinrepublic.com/2023/03/29/bed-bath-beyond-stock-price-prediction-will-bbby-make-recovery/" rel="noopener noreferrer nofollow">stock price </a>took support near the 50-day EMA and closed the previous session at $15.28 with an intraday decline of -2.92%.&nbsp;</p> 
<p>Beyond Meat Inc. released its quarterly earnings on August 7, 2023. It reported an EPS of -0.83 and revenue of $102.149 Million.&nbsp;</p> 
<p>The company beat the EPS estimate by 1.47% but missed the revenue estimate by 6.07%. Due to this, stock prices reacted negatively in after-hour sessions and are expected to gap down near $13.46.</p> 
<h3 class="wp-block-heading" id="strong-bynd-stock-will-open-gap-down-strong"><strong>BYND Stock will Open Gap Down</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_7deec"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NASDAQ:BYND",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

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</div>  
<p>BYND stock will turn bearish after the massive gap down. It might open below the 50-day EMA which will hurt the sentiments of the investors. However, if the buyers are able to defend the $12.00 support, the short-term bounce back might be visible in the coming weeks.&nbsp;</p> 
<p>The MACD curve slopes down indicating sellers are getting active and more downside is possible. The RSI at 49 sloping down also denotes weakness and bears seem to be strengthening their grip.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Beyond Meat stock price (NASDAQ: BYND) fell 11% in the after-hours session. It shows that investors are disappointed after earnings. The technical analysis suggests, if BYND stock holds $12.00 support then a bounce is possible. Else more downside will open.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $18.00 and $20.00</li> 
 <li>Support levels: $12.00 and $9.85</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Beyond Meat Stock: BYND Stock Fell 11% After Hours, Know Why?

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