MONDELEZ INTERNATIONAL INC-A (NASDAQ:MDLZ) Technical Analysis observations.

Our stock screener has identified MONDELEZ INTERNATIONAL INC-A (NASDAQ:MDLZ) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NASDAQ:MDLZ.

Analyzing the Technical Aspects

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

Taking everything into account, MDLZ scores 7 out of 10 in our technical rating. In the last year, MDLZ was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

• Both the short term and long term trends are positive. This is a very positive sign.
• MDLZ is part of the Food Products industry. There are 91 other stocks in this industry. MDLZ outperforms 76% of them.
• When compared to the yearly performance of all other stocks, MDLZ outperforms 49% of them, which is more or less in line with the market.
• MDLZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MDLZ is lagging the market.
• In the last month MDLZ has a been trading in a tight range between 69.24 and 73.25.

Check the latest full technical report of MDLZ for a complete technical analysis.

How do we evaluate the setup for NASDAQ:MDLZ?

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NASDAQ:MDLZ exhibits a 8 setup rating, indicating its consolidation status in recent days and weeks.

Besides having an excellent technical rating, MDLZ also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 72.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 71.57, a Stop Loss order could be placed below this zone.

Trading breakout setups.

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

Disclaimer: This article is not intended to provide trading advice. It is crucial to conduct your own analysis and consider your own observations and trading style when making investment decisions. The article solely presents technical observations and should not be relied upon as a sole basis for trading.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.