Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>BYND stock price fell 16% approx in the current month and hit a 52-week low.</a> </li> 
 <li> <span>2</span> <a>Beyond Meat stock price broke down the $10.00 support.</a> </li> 
 <li> <span>3</span> <a>BYND stock price is in a downtrend and trading below the 50 and 200-day EMA.</a> </li> 
</ul> 
<p>Beyond Meat Inc. BYND stock price fell 16% in October and the downfall is still continuing. It broke down the $10.00 crucial support and prices continued to decline by forming lower low swings.&nbsp;</p> 
<p>Beyond Meat stock price is in a downtrend and trading below the downward-sloping 50-day and 200-day EMA. However, the prices look oversold and trading far away from the EMA so a short-term pullback rally is expected.&nbsp;</p> 
<p>In the previous quarter earnings BYND stock price reacted negatively and fell 14% on a single day. It hurt the investors’ sentiment and the trend of the stock price reverted down.&nbsp;</p> 
<p>Slow and steady prices declined and eroded the complete gains generated in 2023. The price pattern is bearish which indicates that some genuine investors are selling from the higher levels.&nbsp;</p> 
<p>Previously, BYND stock price tried multiple times to push the price above the 50-day EMA. But every attempt failed and the price continues to fall.&nbsp;</p> 
<p>Beyond Meat Inc. stock price closed the previous session at $8.00 with an intraday decline of -3.15%. The market capitalization stands at $515.09 Billion.</p> 
<h2 class="wp-block-heading" id="strong-will-bynd-stock-price-recover-or-decline-further-strong"><strong>Will BYND Stock Price Recover or Decline Further?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh3.googleusercontent.com/L29-P0mbVTdH5f1bxfMsVIEfmbbGCZ1e90OBcVA4Vb-hIezixgRIkkLJOoP4DTWrC6BjMa5Dn538K_t2cP4zN_NTsqsM9iEr2eShQS3TSxhfTj6bxFj2qS5sU95zDcNgZOBF94Be0YYixM3eUMolC9w" alt="BYND Stock Price Below $10; Beyond Meat Stock Hit 52-Week Low">
  <figcaption class="wp-element-caption">
   NASDAQ: BYND daily chart by <a href="https://www.tradingview.com/x/HEvmrnfx/">Tradingview&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>BYND stock price is in the correction phase and the short-term pullback is facing rejection indicating the sellers’ dominance.&nbsp;</p> 
<p>Till Beyond Meat <a href="https://www.thecoinrepublic.com/2023/09/23/bynd-stock-below-10-beyond-meat-stock-hit-new-low-what-next/">stock price</a> trades below $10.00, it is expected to remain in the bears’ grip. However, if the situation reverses and buyers succeed in breaking out of the $10.00 hurdle, then a sharp rise toward $13.00 is possible.&nbsp;</p> 
<p>On the other hand, if the prices continue to decline and drop below $7.00, then a 5% to 10% more downside will open. The analysis suggests that the <a href="https://www.thecoinrepublic.com/2023/09/23/bynd-stock-below-10-beyond-meat-stock-hit-new-low-what-next/">BYND share price</a> is on sellers’ radar so more decline may come.</p> 
<h3 class="wp-block-heading" id="strong-beyond-meat-stock-price-fell-for-ten-consecutive-weeks-strong"><strong>Beyond Meat Stock Price Fell for Ten Consecutive Weeks</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp;
 <div id="tradingview_015bf"></div> &nbsp;&nbsp;
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener 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": "light",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;RSI",

    "STD;Supertrend"

  ],

  "container_id": "tradingview_015bf"

}

  );

  </script> 
</div>  
<p>Beyond Meat stock price fell 14% in the previous week and formed a giant bearish candle. It fell for ten consecutive weeks and eroded a big portion of the market capitalization.&nbsp;</p> 
<p>The MACD curve sloping down and the histogram bar is red indicating that bearish momentum might continue for some more time.&nbsp;</p> 
<p>Whereas, the RSI at 19 denotes highly oversold territory. So, a relief rally may trigger at any time from the lower levels. The supertrend says till the price is below $9.51 the trend will remain down.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Beyond Meat Inc. BYND stock price fell 16% in October and the sell-off is still continuing. The stock price hit a 52-week low and still no signs of reversal are visible.&nbsp;</p> 
<p>The technical analysis suggests that Beyond stock price is a downtrend and more decline may come.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Resistance levels: $10.02 and $13.42</li> 
 <li>Support levels: $7.50 and $7.00</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>

BYND Stock Price Below $10; Beyond Meat Stock Hit 52-Week Low

Table of Contents

Thecoinrepublic.com

Other articles published on Oct 10, 2023

Generative AI Reshapes Public Sector

Binance Added Support to This Altcoin, Price Jumped!

BitVM unveils a new horizon: Enabling Ethereum-like smart contracts on Bitcoin

Malaysia Prioritizes AI Education to Meet Industry Demands

Bitcoin’s Short-Term Capitalization Faces Resistance, Analyst Says

Can AI Revolutionize Impact Investing? Perspectives from Think Tanks, Tech Innovators, and Fund M...

Join our free newsletter for daily crypto updates!