Stock of the Day: Mondelez International

Stock of the Day: Mondelez International
In today’s stock of the day, let’s take a look at Mondelez, which remains firmly locked in a well-defined downtrend. The structure is very technical and clean, with the price consistently making lower highs and lower lows, leaving little doubt about who controls the market at the moment. Sellers remain dominant, and there are no clear signs yet that this broader bearish trend is coming to an end.

What stands out technically is the behavior around the $55 horizontal resistance, marked on the chart in blue. This level has been respected multiple times and continues to cap price action from above. Below this resistance, the price is currently forming a bearish flag pattern, marked with red lines. A flag is a classic trend continuation formation, meaning it represents a pause or consolidation before the dominant trend resumes.

As long as the price stays below the blue resistance, sentiment on Mondelez remains negative. From a probability standpoint, this setup favors a breakout of the lower line of the flag, which would confirm continuation of the downtrend and open the door for another leg lower. Only a decisive move back above the key resistance would challenge this bearish outlook, but for now, sellers clearly have the upper hand.


 
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