MDLZ breaks below 200-day moving average
Moving lower for the 5th day in a row, MDLZ finished the week -4.16% lower at 41.94 after losing $0.22 (-0.52%) today on low volume. Today's closing price of 41.94 marks the lowest close since July 25th. Trading $0.13 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 42.11, the stock confirms its breakout through the prior session's low having traded $0.23 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Friday's trading range was $0.36 (0.85%), that's far below last trading month's daily average range of $0.64. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly above average.
Prices are trading close to a key support level at 41.86.
The share shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish. Mondelez International broke below the 200-day moving average at 41.98 today for the first time since July 23rd.
While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Mondelez International
|Close to R1 Resistance||TQ Pro Members Only|
|Decisive Up Move||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Price broke through Technical Resistance R1||TQ Pro Members Only|
|Bullish Break through SMA 20||TQ Pro Members Only|
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