{"id":56501,"date":"2023-10-09T10:10:48","date_gmt":"2023-10-09T10:10:48","guid":{"rendered":"https:\/\/roo2ya.com\/?p=56501"},"modified":"2023-10-09T11:28:01","modified_gmt":"2023-10-09T11:28:01","slug":"mondi-plc-mndi-is-stock-ready-to-go-towards-52-week-high","status":"publish","type":"post","link":"https:\/\/roo2ya.com\/mondi-plc-mndi-is-stock-ready-to-go-towards-52-week-high\/","title":{"rendered":"Mondi PLC (MNDI): is stock ready to go towards 52 week high?"},"content":{"rendered":"
Market capital of MNDI PLC –\u00a0 <\/span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/b> 6.396 Billion GBP<\/b> The current market price of MNDI PLC – \u00a0 \u00a0 \u00a0 <\/span>1337.0 GBP<\/b> The MNDI stock price was up by 18 GBP(1.36%) in its previous trading session i.e. 15 September. The stock is up by 2.10% in a week and 4.99% in a month which means the short-term trend of the stock is still positive. The stock has declined by (8.27)% in a year which indicates that the price is overall in a downward trend over the longer time frame.<\/span> The revenue of the company has risen slightly over the years. The revenue has risen from 5.46 billion GBP in 2016 to 7.60 billion GBP in 2022, a rise of over 39% in 6 years. The net income of the company has risen on a good note as the net income has risen from 523 million GBP in 2016 to 1.24 billion GBP in 2022, a rise of over 136% in 6 years.<\/span> The net debt of the company has slowly declined over the years, as the net debt which was around 1.98 in 2018 is now standing at 888.12 million GBP. One more good thing about the company is that the company has improved its tally of cash and receivables from about 1 billion GBP to 2.2 billion GBP.<\/span><\/p>\r\n MONDI PLC stock has recovered over 15% from its 52-week low levels and is currently forming a base to go towards more upside levels. Currently, the stock is trading near a long-term trendline resistance which is present near\u00a0 1370 GBP. Also, the trendline support is present near the level of 1178 GBP.<\/span> <\/a> The price is currently trading above the important EMAs i.e. 50 and 100 which is a sign of bullishness. The price is looking strong near the resistance level as it is trying to break the levels again and again without testing support. The all major resistance level for the stock is present between 1830 -1900\u00a0 GBP.<\/span><\/p>\r\nTechnical analysis of the MNDI stock:<\/strong><\/h2>\r\n