RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MNST
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Monster Beverage Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 23, 2024 Gain 7.22% PDF

The Monster Beverage Corporation stock price gained 0.135% on the last trading day (Thursday, 28th Mar 2024), rising from $59.20 to $59.28. During the last trading day the stock fluctuated 1.52% from a day low at $59.19 to a day high of $60.09. The price has fallen in 6 of the last 10 days and is down by -1.69% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 902 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $260.59 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.78% during the next 3 months and, with a 90% probability hold a price between $58.95 and $64.29 at the end of this 3-month period.

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MNST Signals & Forecast

The Monster Beverage Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $59.49. On a fall, the stock will find some support from the long-term average at approximately $57.98. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -2.58%. Further fall is indicated until a new bottom pivot has been found. 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 $59.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.90 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 1.28%.

Our recommended stop-loss: $56.65 (-4.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (MNST) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Monster Beverage Corporation to open at $59.52, and during the day (based on 14 day Average True Range), to move between $58.34 and $60.22, which gives a possible trading interval of +/-$0.94 (+/-1.59%) up or down from last closing price. If Monster Beverage Corporation takes out the full calculated possible swing range there will be an estimated 3.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $59.38 (0.17%) than the support at $59.10 (0.30%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Monster Beverage Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Monster Beverage Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.454 Buy Candidate Upgraded

Predicted Opening Price for Monster Beverage Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$59.52 ( 0.405%) $59.28

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
Resistance R3 60.42 1.92 %
R2 60.08 1.34 %
R1 59.86 0.98 %
Current price: 59.28
Support S1 59.18 -0.175 %
S2 58.96 -0.533 %
S3 58.62 -1.11 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 60.85 2.65 %
R2 60.45 1.97 %
R1 59.38 0.169 %
Current price 59.28
Support S1 59.10 -0.304%
S2 55.14 -6.98%
S3 55.02 -7.19%

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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Monster Beverage Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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 2024-03-28, the price of an Monster Beverage Corporation (MNST) share was $59.28.

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 2024-03-28, the market capitalization of Monster Beverage Corporation is 61.606B.

When is the next earnings date for Monster Beverage Corporation?
The upcoming earnings date for Monster Beverage Corporation is May 02, 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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