- Mondelez International Inc. pays timely dividends to its shareholders.
- The stock price of Mondelez International Inc. has shown increased earnings.
- The MDLZ stock is suggested as a strong buy by the analysts.
Mondelez International Inc. is involved in the production and promotion of snacks as well as beverages.
Trend Analysis
Mondelez International Inc. stock is currently in an uptrend, marked by a consistent pattern of achieving higher highs.
The stock offers a dividend payout of 51.09% and a dividend yield of 2.4%. Mondelez (MDLZ) consistently provides dividends to its shareholders, which is seen as a positive aspect, potentially attracting new investors.
According to analysts, MDLZ stock receives a strong buy recommendation. The target price for the upcoming year is projected to reach $79.31, representing a 20% increase from the current price. This suggests a favorable outlook for the stock price.
The actual earnings of the stock are more than the expected earnings. The expected earnings for the stock have increased by 1.2% than the expected. It indicates that the company can meet its target and achieve new highs.
In the past, MDLZ stock reached a high of $78.44 in May 2023, followed by a decline of nearly 23% by mid-October. However, it found substantial support at the $60 level, leading to a reversal in its trajectory.
Currently, the MDLZ stock has reversed its direction after touching the support level, showing an upward movement. The overall structure of the stock appears positive, the price is anticipated to rise in the upcoming days.
Which Way Will the MDLZ Price Move?
MDLZ by writer50_tcr on TradingView.com
Technical Indicators Summary
Upon analyzing the weekly MACD line of Mondelez International stock, it’s worth noting that it currently resides above the signal line, indicating a bullish trend. The presence of a positive crossover strengthens the possibility of a continued uptrend in the MDLZ stock price in the foreseeable future.
Furthermore, the RSI line for the stock is trading above the signal line, with both lines hovering near the 50 level. The positive crossover between these lines suggests that the stock price is anticipated to rise in the future.
Additionally, there has been an increase in the trading volume of the stock, noticeable from the larger bright green candle formations on the charts. This suggests that new participants are entering the market, potentially contributing to the stock’s positive momentum.
Conclusion
The MDLZ stock is moving upwards. The price has shown a reversal after hitting the support level. The indicators are also positive for the stock and the analyst suggests a strong “buy” signal. Hence, the price is expected to rise in the upcoming days.
Technical Levels
- Support Level – $60
- Resistance Level – $69
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.