Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>BUD stock price is currently trading at $57.05 with a rise of 1.48% in the last 24 hours and a market cap of $111.105 Billion.</a> </li> 
 <li> <span>2</span> <a>Technical indicators highlight the consolidation phase of BUD Stock.</a> </li> 
 <li> <span>3</span> <a>BUD stock price has been consolidating inside the horizontal price range of $55 and $59 over the daily time frame chart.</a> </li> 
</ul> 
<p>BUD price prediction suggests bears and bulls are yet to gain a proper grasp on the trend. Investors might prefer to wait for a confluence of multiple technical indicators in order to decide the direction of the trend. There is a slight increase in the green candles of volume which suggests the anheuser-busch price is attracting buyers at the demand zone.</p> 
<p>Investor sentiments regarding the BUD price are indecisive at present and may remain negative unless the buyers start stepping into the price action with substantial momentum. However, according to the technical indicators and price action, the odds are lining in the bulls’ favor.</p> 
<p>Nevertheless, BUD stock price has inclined around 0.25% in a week but gained 1.30% in a month. Also, the Anheuser-Busch share price shed around 3.24% in the last three months and down by 2.16% over the last six months. However, the BUD stock chart shows a decline of 5.41% year to date. The performance shows that the consolidation phase of stock continues throughout the year.</p> 
<p>BUD stock price needs to attract buyers to surge towards the upper trendline of the consolidation phase over the daily time frame chart. Meanwhile, the BUD share price is trying to gather support and surge above the 200-day daily moving averages. BUD shares have been consolidating inside the horizontal price range of $55 and $59.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-bud-stock-price-has-been-consolidating-inside-a-price-range-strong"><strong>BUD Stock Price Has Been Consolidating Inside a Price Range</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/2dcHx9BshR8DIDwKLij_5lfJJOJ77BHmN6wjlUzLLDdBXqGdvVxRYw9tVpJa8wXuMtieRljRiHHWFbZ9Ve5BdLURLGduHNlC_KV4LYZClh3ySKOsyf7oYW4BGxzSopp38DNu5gnjZE1PL2Bb4iRs62c" alt="BUD Stock: Will Anheuser-Busch Break Above the $200 EMA?"> 
  <figcaption class="wp-element-caption">
    Source: BUD.1D.NYSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>BUD <a href="https://www.thecoinrepublic.com/2023/09/11/lucid-stock-holds-5-support-will-lcid-stock-reach-8-00-soon/" rel="noopener noreferrer nofollow">stock price </a>must initiate its recovery rally to reach the upper threshold of the consolidation phase. However, the BUD shares need to accumulate buyers in order to surge towards its recovery phase. Meanwhile, the BUD share price has slipped below the 200-day Daily Moving Average.</p> 
<p>Moreover, BUD shares must register its breakout from the consolidation phase over the daily time frame chart.</p> 
<p>Technical indicators highlight the consolidation phase of the BUD stock price. Relative strength index (RSI) showcases the sideways momentum of BUD shares. RSI was at 57.37 and is heading towards the overbought territory.&nbsp;</p> 
<p>MACD exhibits the consolidation phase of the BUD share price. The MACD line is flat above the signal line waiting for any type of crossover. Investors in BUD stock need to wait for any directional change over the daily time frame chart.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>On the daily time frame chart, the BUD stock price has been consolidated between the horizontal price bands of $55 and $59 per share. However, in order to accelerate towards its recovery phase, BUD shares must amass purchasers. The price of BUD shares dropped 00% in a week and 00% in a month. Technical indicators point to a period of price consolidation for the Anheuser-Busch stock. Investors in BUD stock must watch the daily time frame chart for any directional changes. However, investors and traders should wait for proper setup for the next move and avoid FOMO.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $55.04 and $52.86.</li> 
 <li><strong>Resistance Levels:</strong> $57.69 and $59.33.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

BUD Stock: Will Anheuser-Busch Break Above the $200 EMA?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 12, 2023

Jamie Dimon Shares His Thoughts Over The U.S. Economy Condition

Octav Raises 2.65 Million To Help Label DeFi Transactions

Celsius founder pushes to toss FTC suit after $4.7B settlement

Franklin Templeton joins bid for spot Bitcoin ETF

Whales are DUMPING Cardano! Will ADA Crash to $0.20?

Ripple (XRP) Retraces Post-SEC Case Surge Amid Liquidity Focus

Join our free newsletter for daily crypto updates!