After A Seven-Year Decline, Anheuser-Busch InBev Finally Shows Signs Of Life (Technical Analysis)
Summary
- Anheuser-Busch's stock has shown a strong basing pattern, suggesting a potential breakout, with a price target of $80 by year-end.
- Investor sentiment is extremely bearish, often a precursor to price increases, indicating a potential intermediate-term price rise for BUD.
- Decreasing volatility, as shown by Bollinger bands, supports a gradual and sustainable price increase for Anheuser-Busch.
- Long-term RSI indicates a positive change in price trend, reinforcing the forecast of an upward trend and a price target of $80.
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Anheuser-Busch ( BUD ) went through a devastating three-year, 68% decline between 2017 and 2020, from $125 down to a low of $35. For the last four years, it's been struggling, oscillating in a narrow price band from $45 to $65. But the stock appears
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