Buyer dominance drives rally. Can MDLZ extend gains above $62.46 resistance?

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Mondelez jumps 3.13% to $60.55 today

Highlights

MDLZ exhibits persistent bullish momentum, supported by strong price action above key moving averages on multiple timeframes.
Momentum indicators remain overbought, confirming intraday buying strength but hinting at potential near-term consolidation or retracement.
Expected trading range is $59.42 to $62.46, with 71% probability of an upside move barring a breakdown below $59.33 support.

Overbought signals intensify as momentum faces divergence

On the H1 chart, MDLZ is positioned above its 20-period and 50-period moving averages, as well as well above the 200-period moving average on the daily chart. Immediate support is found at the Ichimoku Kijun level of $59.33. The Moving Average Convergence Divergence (MACD) signals a buy, and the Average Directional Index (ADX) indicates neutral market strength. The Relative Strength Index (RSI) and Stochastic RSI are both in overbought territory, while the Commodity Channel Index (CCI) and Bull/Bear Power are also overbought, suggesting strong short-term buyer dominance. The Awesome Oscillator further confirms upward momentum, though all overbought oscillators signal that some divergence is emerging as momentum tempers.

Sideways bias persists as breakout and pullback risks coexist

In the near term, MDLZ is expected to trade within a volatility band ranging from $59.42 to $62.46. There is a 71% probability of a further upward move, while the chance of a pullback is estimated at 29%. The baseline scenario calls for MDLZ to remain within a sideways range. A push above $62.46 would signal a bullish breakout, whereas a decline below the $59.33 support would suggest the start of a bearish phase.

Viktoras Karapetjanc, expert at Traders Union, sees clear signs of renewed upside momentum in Mondelez International, Inc. The analyst notes the stock is trading above all key moving averages, supported by strong short-term buyer activity. Oscillators are overbought, indicating the bullish move may pause, but sentiment remains constructive. He expects MDLZ to trade within the $59.42 to $62.46 range, with a 71% probability of further upside. "With technicals aligning and persistent momentum, I view any consolidation as an opportunity for bullish positioning."

Earlier, analysts noted that Mondelez’s technical posture was under pressure, with expectations for continued volatility and cautious sentiment. The recent upswing and renewed momentum indicate a shift toward a more constructive outlook, making $62.46 the key level to watch for a potential breakout.

Source of Data: MDLZ Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.