- The MNDI stock price is trading at 1380.5 GBX.
- The company stock has been traded with a volume of 1.17 Million GBX in the last trading day.
Mondi Plc (LSE: MNDI) is a British packaging and paper group. The company deals in the manufacture and distribution of packaging and paper products. The firm was founded on 11 April 2007.
Mondi Plc (MNDI) Stock: Technical Analysis
In February 2022, the MNDI price after creating its year high of 1953 GBX. The company stock price started to fall and did a fall of more than 35%. After the fall the price stuck in a range of 1620 GBX (resistance) to 1380 GBX (support) and consolidated in this range for almost one year.
During the consolidation phase, the price created its 2023-year high of 1719 GBX. For almost one year of consolidation in a range after the sharp fall the price gave the breakdown of the range or 1380 GBX level and it started to fall. The price fell to its support at 1175 GBX and again started to trade in a range of 1380 GBX (resistance) to 1175 GBX (support).
Currently, the price is facing rejection from the 1380 GBX resistance. So now for buyers to overpower the sellers and dominate the price from here they must push the price above 1380 GBX resistance. Then it may rise to its resistance at 1620 GBX level. However, if the price gives the breakdown of 1175 GBX support of the range it may continue its downtrend to its next support at 1000 GBX.
Mondi Plc (MNDI) Stock: Financial Analysis
Revenue: The MNDI revenue has been showing consistent growth over the last three years from 5.92 Billion GBP in 2020 to 5.99 Billion GBP in 2021 to 7.60 Billion GBP in 2022. If we look at the Trailing twelve months’ revenue for the year 2023 which is running at 7.19 Billion GBP. It shows that the 2023 revenue is struggling to match the previous year’s revenue.
Net Income: The MNDI’s net income has grown over the last annual financial report. In 2022, the firm net income jumped to 1.211 Billion GBP. The TTM net income for the year 2023 is running at 771.17 Million GBP which shows the company has failed to match the previous’s year net income.
The debt ratio of the company has reported a decrease in its last three annuall. This would have a positive impact if the company kept on decreasing its net debt in the future.
Return on Investment ratio: The company has reported an unstable ROI ratio in its last three annual reports. However, in 2022 the company’s ROI increased to 16.28% from 8.24% in 2021. The current ROI value is also lower than the previous year’s ROI.
Overall, company performance has been consistent as the company has ups and downs in its financial statement. The current financial values have also declined from the previous year. The company is struggling to maintain a stable financial statement which could affect its performance in the future.
Conclusion
The Mondi (MNDI) price is neutral at the time of writing. In the long term, the price is continuing its downtrend by breaking its previous support. It is trading in a range of 1380 GBX to 1175 GBX and the price has not given a breakout or breakdown of the support or resistance. The company’s financials are also inconsistent and is struggling to maintain a stable report.
So now for buyers to have full control of the price from here they must push the price above 1380 GBX resistance and should sustain the price above it. Then it may rise to its resistance at 1620 GBX level. However, if the price gives the breakdown of 1175 GBX support of the range it may continue its downtrend to its next support at 1000 GBX.
Technical levels
Resistance levels: 1380 GBX and 1620 GBX.
Support levels: 1175 GBX and 1000 GBX.
Disclaimer
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 or trading comes with a risk of financial loss.