Beyond Meat (BYND, $142.92) burger trial ended by McDonald's (MCD, $180.81)

McDonald's  confirmed that it had phased out its Beyond Meat burger trial in Canada. 

McDonald's launched two consecutive trials of its plant, lettuce and tomato burger in several restaurants in Ontario Between Sept. 30 and April 6. McDonald’s said that there is  no current plans to bring it back to its menu at this time.

"I can assure you, there's no issue with McDonald's," said Beyond Meat Chief Executive Ethan Brown when he was asked about the end of the trial, as reported in CBC. 

BYND's Aroon indicator reaches into Uptrend on June 24, 2020

For traders, this could mean going long on the ticker or exploring call options in the next month. In 51 of 57 cases where BYND Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 89%.

Current price $143.08 is above $134.16 the highest resistance line found by A.I. Throughout the month of 05/22/20 - 06/24/20, the price experienced a +11% Uptrend, while the week of 06/17/20 - 06/24/20 shows a -3% Downtrend.

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 8 of 10 cases where BYND's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 80%.

The Stochastic Indicator may be shifting from an Uptrend to a Downtrend. In 10 of 11 cases where BYND's Stochastic indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 90%.

The Momentum Indicator moved below the 0 level on June 22, 2020. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 10 of 15 cases where BYND's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 67%.

The Moving Average Convergence Divergence (MACD) crossed below the signal line. In 5 of 5 cases where BYND's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 90%.

Following a 3-day Decline, the ticker is projected to fall further. Considering data from situations where BYND declined for three days, in 56 of 69 cases, the price rose further within the following month. The odds of a continued Downtrend are 81%.

The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 8 of 9 cases where BYND's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 89%.

Fundamental Analysis (Ratings)

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 83%. During the last month, the daily ratio of advancing to declining volumes was 1.43 to 1.

The Tickeron Price Growth Rating for this company is 36 (best 1 - 100 worst), indicating steady price growth. BYND’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is 91 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of 99 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: BYND's P/B Ratio (23.89) is very high in comparison to the industry average of (4.49). BYND has a moderately low P/E Ratio (0.00) as compared to the industry average of (26.68). BYND's Projected Growth (PEG Ratio) (0.00) is slightly lower than the industry average of (1.27). Dividend Yield (0.00) settles around the average of (2.37) among similar stocks. BYND's P/S Ratio (12.29) is very high in comparison to the industry average of (2.19).

The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BYND’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.

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