Beyond Meat, Inc. ($BYND) Takes On Lancaster Colony Corporation ($LANC)

2019-08-20 | Welcome! Today we compared how two different stocks in the Packaged Foods industry are trading: Beyond Meat, Inc. and Lancaster Colony Corporation. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Beyond Meat, Inc. opened at 144.21, got to a maximum price of 148.54 and dropped to as low as 136.27 before finishing the session at 144.77. In total there were 5867000 shares traded, which is enough to conduct our analysis. Compare that now to Lancaster Colony Corporation, which opened at 155.19, had a high of 157.61, a low of 154.05, closed at 156.4 and had a total volume of 115200.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Beyond Meat, Inc. Lancaster Colony Corporation
Accumulation-distribution index 7369.62057 569.79123
on-balance volume 144.2 -154.83
chaikin money flow

4.66744 1.94215
force index

449.4427 16.415
ease of movement rating

-0.13594 0.05643
volume-price trend

1.91148 5.44832
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Beyond Meat, Inc. Lancaster Colony Corporation
Average true range 7.43802 1.75661
Bolinger bands 137.87794 156.91149
Upper bollinger band 135.50206 148.05851
Lower bollinger band

136.27 154.05
Bollinger high band indicator

nan 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

143.00667 155.61667
High band keltner channel

138.67667 153.19667
Low band keltner channel

147.33667 158.03667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

136.27 154.05
Donchain channel low band

136.27 154.05
Donchain channel high band indicator

nan 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Beyond Meat, Inc. Lancaster Colony Corporation
Moving Average Convergence Divergence (MACD) trend_macd -0.07022
MACD signal 0.01047 -0.03901
MACD difference 0.00838 -0.03121
fast Exponential Moving Average (EMA) indicator

136.27 154.05
slow Exponential Moving Average (EMA) indicator

136.27 154.05
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.2917 0.19598

-9.90155 3.42159
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 -66.66667
Detrended Price Oscillator (DPO)

-2.42697 -5.10817
KST Oscillator (KST)

18.13296 34.29644
KST Oscillator (KST Signal)

18.13296 34.29644
KST difference

1.569 -5.25373
Ichimoku rating

146.375 156.4
Ichimoku B rating

146.375 156.4
Ichimoku visual trend A

157.79827 151.08419
Ichimoku visual trend B

173.53469 151.3469
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Beyond Meat, Inc. Lancaster Colony Corporation
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 100.0
True Strength Index (TSI) 100.0 100.0
ultimate oscillator

23.41061 81.75467
stochastic oscillator

283.37182 147.10744
stochastic oscillator signal

283.37182 147.10744
Williams %R rating

183.37182 47.10744
awesome oscillator

3.3735 -0.33

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Beyond Meat, Inc. and Lancaster Colony Corporation.

Daily return 1.8133 3.42964
Daily log return 0.61453 -2.05273
Cumulative return 0.61642 -2.03181

So there you have it: our deep, grueling analysis comparing Beyond Meat, Inc. and Lancaster Colony Corporation together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Beyond Meat, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether BYND is strong or weak. Again – this is not a reliable indication of whether Beyond Meat, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Lancaster Colony Corporation

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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