Million

Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>BYND stock price may bounce back from the demand zone.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Beyond Meat stock price (NYSE: BYND ) disappointed investors, with a decline of nearly 30% since the earnings were reported.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Beyond Meat Company reported Q2 Revenue of $102.14 Million with a pessimistic earning of -$0.83 Million.&nbsp;</a> </li> 
</ul> 
<p>BYND stock price has slipped after the announcement of its Q2 earnings and now investors need to wait for any directional change. In order to make an upward move on the daily chart, BYND shares are in need of a higher influx of buyers. The disappointing financial results led to a gap down opening of 18% followed by another decline of 12% in the next 2 weeks.</p> 
<p>BYND stock price was at $11.36 and has lost 0.96% of its market capitalization during Thursday’s trading session wiping out nearly 6% in the first four trading sessions of this week. Trading volume is below average and needs to grow during Friday’s trading session. Buyers need to accumulate by the opening of Friday’s trading session to close the week with some growth in the stock price.</p> 
<p>The company reported another round of dismissal quarterly results which disappointed the investors. The news came as the protein industry was struggling. The company reported Q2 revenue of $102.14 Million with a pessimistic earning of -$0.83 Million.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/H5QLSmyR-91jKXiAJm9sp-UVAeLoKjO_MIXu1Y6Fq-V3muaSg8N19p6G3VrXBbG4aJ1Qzzu7hObEtovBB78zh8encF2b1TWXjzYaf-3JQimSW57twnX8ZSzU1amqU2LzYynjUuG-Shwjp7qBdJp0Itk" alt="BYND&nbsp; Stock In Trouble: Will Beyond Share Price Sink Below $10?"> 
  <figcaption class="wp-element-caption">
    Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p>BYND stock option-chain analysis states that the current implied volatility in the market is 73.38% with a decrement of 3.68% in the last trading session. The at-the-money strike price has 970 open contracts on the put side and 316 open contracts on the call side indicating the dominance of buyers at the current level. The PUT/CALL ratio is 1.39 indicating that buyers leading the derivatives data which might be a positive sign for the stockholders.</p> 
<h2 class="wp-block-heading" id="strong-bynd-stock-price-declining-continuously-after-the-quarterly-results-strong"><strong>BYND Stock Price Declining Continuously After The Quarterly Results</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/QCj6joZTDRvbBaSiVx6J3TXTQH3RF0sb_vlIbsSRQ60avKJWX76cF6BD6e4SNSYxtmi5b5iltBjSSRM_eJAbf0pyTsOeTZ3umFnk7b_0NxVWi_zY5yRL-XSVSjaXZUnLOdrzH-b3NXMUAkDVsh1OXS0" alt="BYND&nbsp; Stock In Trouble: Will Beyond Share Price Sink Below $10?"> 
  <figcaption class="wp-element-caption">
    Source: Beyond Meat 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The BYND stock price currently trades at $11.36 and declining continuously after a gap down opening of 18% after the results.&nbsp;</p> 
<p>The short-term outlook for the stock is nearing its previous breakout zone from where it may get the buyer’s volume and surge higher. However, it requires more buyers to surpass the selling sentiment in the stock.&nbsp;</p> 
<p>However, if the stock fails to gain the buyer’s support near the key levels it may slide to hit a new swing low and resume the doward journey.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-the-emas-showing-weakness-on-the-daily-chart-strong"><strong>The EMAs Showing Weakness On The Daily Chart</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/1igKiVsoHaucwlgGy0e22E4OIPHosfbT-kHMtH9OwIr6y2kq4H8mcP2k5LYpOJa8rSzmEHHX6DXw1JtXbT-CHOlup0pCDXvUVqfFIY6JfaSt5VyVZHgZqCOJ-x3kM_Syxm3PFYuJ89AoT1IB0ywxMPM" alt="BYND&nbsp; Stock In Trouble: Will Beyond Share Price Sink Below $10?"> 
  <figcaption class="wp-element-caption">
    Source: Beyond Meat 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily <a href="https://www.thecoinrepublic.com/2023/08/08/beyond-meat-stock-bynd-stock-fell-11-after-hours-know-why/" rel="noopener noreferrer nofollow">BYND stock price </a>chart shows that the price is trading below 200 and 50 EMA indicating the dominance of sellers in the long-term as well as short-term.</p> 
<p>The overall Technical Opinion rating including RSI and MACD is signaling a 72% sell with a strengthening short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>BYND stock price dropped after its Q2 earnings, which were disappointing. The stock opened 18% lower and fell another 12% in two weeks. The stock is trading at $11.36 with low volume and needs more buyers to recover. The company reported revenue of $102.14 Million and earnings of -$0.83 Million in Q2. The stock may find support at its previous breakout zone, but it faces selling pressure. If it fails to bounce back, it may hit a new low and continue its downward trend.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $10.89 and $9.86.</li> 
 <li><strong>Resistance levels:</strong> $13.36 and $14.91.</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 and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

BYND Stock In Trouble: Will Beyond Share Price Sink Below $10?

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Thecoinrepublic.com

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