Fine

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>MNDI PLC stock price: The stock price has experienced heavy bearish sentiments despite its positive earnings, know the reason below.&nbsp;</a> </li> 
 <li> <span>2</span> <a>The current price is hovering near its supply zone, as the bulls looking forward to a breakout.</a> </li> 
 <li> <span>3</span> <a>Investors are still confident that the MNDI stock will overcome the current trend and sustain above last year’s value.&nbsp;&nbsp;</a> </li> 
</ul> 
<p>Mondi Plc (LON: MNDI) is a holding company that specializes in manufacturing and distributing high-quality packaging and paper products. As a public company, it operates through several segments including CoMNDIugated Packaging, Flexible Packaging, Uncoated Fine Paper, and Corporate. The MNDI stock has a market capitalization of £6.6B, making it a mid-cap company.</p> 
<h2 class="wp-block-heading" id="strong-the-rollercoaster-ride-of-the-mndi-stock-strong"><strong>The rollercoaster ride of the MNDI stock</strong></h2> 
<p>The MNDI stock price had a rollercoaster ride in the stock market this year. In February, the stock tested its major resistance level of £1600, but, the bears were able to reclaim it. That was a huge setback for the investors as their hopes were held high. Moreover, the investors had expected the stock to take a break at its major support level of £1372. It had been a strong support level in the past.&nbsp;</p> 
<p>However, the bears soon made a strong comeback and broke past this support level. As a result, the price of the stock dropped significantly to £1243 a month after the bears broke past the support level.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-the-mystery-of-earnings-report-and-share-price-strong"><strong>The mystery of earnings report and share price</strong></h3> 
<p>This downtrend was a huge blow to investors during the fall. The firm posted its yearly report of 2022 in which they have made significant growth. The revenue grew by 26% to £7.6B as of last year. This hot growth had its heat felt till the net profit, as it grew by over 90% putting a sum of £1.24B in the company’s pocket.</p> 
<p>Despite the challenges faced by the stock, the investors are still hopeful that the stock will bounce back. They believe it can regain its lost glory as the fundamentals are stronger than ever and the company is growing intrinsically&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-mndi-stock-price-strong"><strong>Technical Analysis and Prediction of MNDI Stock Price</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="488" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-797-1024x488.png" alt="" class="wp-image-171150" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-797-1024x488.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-797-300x143.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-797-768x366.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-797-1536x732.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-797-750x358.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-797-1140x544.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-797.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Chart provided by <a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=LSE%3AMNDI">TradingView</a> (daily time frame)
  </figcaption>
 </figure>
</div> 
<p>The stock is trading at £1366 at the press time. It is just below the immediate resistance level of £1373. Over the past few days, the bulls have tried to break this resistance level. As the bullish candles continue to appear, it is becoming increasingly apparent that the bulls are in control.</p> 
<h3 class="wp-block-heading" id="strong-can-the-bulls-break-the-pivot-strong"><strong>Can the Bulls break the pivot?</strong></h3> 
<p>If the bulls manage to break through this resistance level, the MNDI <a href="https://www.thecoinrepublic.com/2023/09/21/hln-stock-price-bears-gave-up-after-the-reinforcement-of-50-ema/" target="_blank" rel="noreferrer noopener">stock price</a> is likely to move towards its second resistance level, which is situated at £1461. However, if the bears take control, the stock will fall to its support level of £1284. It is unlikely to happen because the 50-day EMA and 150-day EMA are between the immediate pivot levels, where the bulls can opt for support.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion:</strong></h4> 
<p>The MNDI stock has fallen since the start of the year despite positive earnings. It is now near its immediate resistance level, and the technical analysis suggests a potential bullish trend if it breaks through the immediate resistance level.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support: £1284, and&nbsp; £1190</p> 
<p>Resistance: £1373, and £1461</p> 
<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>

MNDI Stock Price: shares fell despite a 90% growth in net profits

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