The pace of the decline eases, CMF keeps sliding
Beyond Meat drops 5.4% and grazes its 90-week low as cash flow digs even deeper
The pace of the decline eases, CMF keeps sliding
Our view last week
Beyond Meat's sell signal is now in its ninth week of management, and last week's bounce has already been wiped out: this week the stock shed 9.9%, the heaviest drop of the past four weeks, with selling back in near-total control, 97% of volume. The price has broken the old corridor and is sliding toward its 90-week lows; the short is now more than 22% in the money.
This week's summary
Beyond Meat brushes its 90-week low and sheds another 5.4%, though the pace is milder than last week's 9.9% drop. In our technical analysis of Beyond Meat stock the picture stays fragile: cash flow slides deeper into distribution territory, sellers still dominate the tape, and price keeps getting turned away at the 20-day moving average and the 7-day high, three clean rejections in the 0.63-0.65 area. The open sell signal remains comfortably in double-digit profit.
IQS Phase
76
in tension
Signal Strength
72
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#23 / 141
US stocks
Trade P&L %
+27.03%
from signal to today
Rank position
ranks 23rd among the 141 sell signals for US stocks in our ranking, with a signal strength of 72 out of 100.
Sector context
SectorDefensive Staples
Benchmark ETFXLP
Sector regimeweak phase
Performanceweekly -1.24% · monthly -0.37%
BYND belongs to the defensive staples sector (reference ETF XLP). The sector is classified weak phase according to our weekly reading.
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