Mission Produce: MACD Death Cross & KDJ Death Cross Triggered on 15min Chart

According to the 15-minute chart of Mission Produce, a technical indicator known as the MACD Death Cross and KDJ Death Cross was triggered on September 23, 2022 at 12:45. This indicates that the stock price has the potential to continue declining, as the momentum of the stock price is shifting towards the downside and may further decrease.

Mission Produce, Inc. (AVO) has recently experienced a significant technical indicator event, which may signal further price declines. On September 23, 2022, at 12:45, the 15-minute chart of Mission Produce triggered both the MACD Death Cross and the KDJ Death Cross, indicating a potential shift in the stock's momentum towards the downside Can Mission Produce Outperform Amid Soft Produce Demand?^[1].

The MACD (Moving Average Convergence Divergence) Death Cross occurs when the MACD line crosses below the signal line, signaling a bearish trend. Similarly, the KDJ (Kaufman Adaptive Moving Average) Death Cross suggests a shift in momentum, with the KDJ line crossing below the signal line, also indicating a potential downturn Can Mission Produce Outperform Amid Soft Produce Demand?^[1].

Despite the recent record revenues of $357.7 million in its fiscal third quarter, up 10% year over year, Mission Produce faces challenges in the fourth quarter, with lower pricing expected to be as much as 20-25% year over year due to increased supply Can Mission Produce Outperform Amid Soft Produce Demand?^[1]. The company's strong balance sheet and operational enhancements may help mitigate these pressures, but the technical indicators suggest a potential downward trend in the stock price.

Mission Produce's competitors, such as Calavo Growers, Inc. (CVGW) and Fresh Del Monte Produce Inc. (FDP), also operate in the fresh produce industry, each with unique strategic strengths. Calavo Growers, for instance, leverages strong grower relationships and retail partnerships, while Fresh Del Monte's global distribution network and product innovation position it to capture growth in emerging markets Can Mission Produce Outperform Amid Soft Produce Demand?^[1].

Shares of Mission Produce have gained 27.7% in the last six months compared to the industry's growth of 12%, with a forward price-to-earnings ratio of 25.07X, significantly above the industry average of 14.67X Can Mission Produce Outperform Amid Soft Produce Demand?^[1]. The Zacks Consensus Estimate for AVO’s fiscal 2025 and 2026 earnings suggests a year-over-year decline, with the estimates moving northwards in the past 30 days Can Mission Produce Outperform Amid Soft Produce Demand?^[1].

The Zacks Rank #2 (Buy) suggests that while there may be potential for further price declines, investors should consider the long-term prospects of Mission Produce, given its global reach, vertical integration, and category diversification Can Mission Produce Outperform Amid Soft Produce Demand?^[1].