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AI Analysis of MNST
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Monster Beverage Corporation stock price up 0.537% on Thursday
(Updated on Jun 20, 2024)

Sell candidate since Jun 07, 2024 Loss -7.61% PDF

The Monster Beverage Corporation stock price gained 0.537% on the last trading day (Thursday, 20th Jun 2024), rising from $48.42 to $48.68. During the last trading day the stock fluctuated 1.51% from a day low at $48.34 to a day high of $49.07. The price has been going up and down for this period, and there has been a -6.38% loss for the last 2 weeks. Volume fell on the last day by -690 thousand shares and in total, 8 million shares were bought and sold for approximately $384.44 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.42% during the next 3 months and, with a 90% probability hold a price between $41.25 and $44.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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MNST Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.35%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Monster Beverage Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $49.13 and $52.45. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Monster Beverage Corporation stock

Monster Beverage Corporation finds support from accumulated volume at $48.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.730 between high and low, or 1.51%. For the last week, the stock has had daily average volatility of 2.19%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MNST) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Monster Beverage Corporation to open at $48.70, and during the day (based on 14 day Average True Range), to move between $47.59 and $49.77, which gives a possible trading interval of +/-$1.09 (+/-2.24%) up or down from last closing price. If Monster Beverage Corporation takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $48.42 (0.53%) than the resistance at $49.77 (2.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Monster Beverage Corporation stock A Buy?

Monster Beverage Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.107 Sell Candidate Unchanged

Predicted Opening Price for Monster Beverage Corporation of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$48.70 ( 0.0342%) $48.68

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MNST

Fibonacci Support & Resistance Levels

Level Price
R3 49.43 1.53%
R2 49.15 0.96%
R1 48.98 0.607%
Price 48.68
S1 48.42 -0.539%
S2 48.25 -0.89%
S3 47.97 -1.47%

Accumulated Volume Support & Resistance Levels

Level Price
R3 52.45 7.74%
R2 52.00 6.82%
R1 49.77 2.24%
Price 48.68
S1 48.42 -0.534%
S2 48.03 -1.34%
S3 0 -

MNST Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 07, 1990 Nov 08, 1990 Dec 21, 1990 $0.0052 26.67%

FAQ

What is the symbol for Monster Beverage Corporation Stock and on which exchange is it traded?
The symbol for Monster Beverage Corporation is MNST and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Monster Beverage Corporation Stock?
Monster Beverage Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Monster Beverage Corporation Stock?
Monster Beverage Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Monster Beverage Corporation Stock.

What's the current price of Monster Beverage Corporation Stock?
As of the end of day on the Jun 20, 2024, the price of an Monster Beverage Corporation (MNST) share was $48.68.

What is the 52-week high and low for Monster Beverage Corporation Stock?
The 52-week high for Monster Beverage Corporation Stock is $61.23 and the 52-week low is $47.13.

What is the market capitalization of Monster Beverage Corporation Stock?
As of the Jun 20, 2024, the market capitalization of Monster Beverage Corporation is 50.711B.

When is the next earnings date for Monster Beverage Corporation?
The upcoming earnings date for Monster Beverage Corporation is Aug 01, 2024.
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About Monster Beverage Corporation

Monster Beverage Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-t... MNST Profile

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