Monster Beverage Corporation Forecast and Stock Analysis
Technical MNST stock analysis for March 15, 2019.
Monster Beverage Corporation gained 1.01% in the last trading day, rising from $59.67 to $60.27 The price has fallen in 7 of the last 10 days and is down by -6.9% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2.14 million more shares were traded than the day before. In total, 6.26 million shares bought and sold for approximately $377.37 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the MNST stock was $60.27. This is 1.01% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 2.02% from a day low at $59.87 to a day high of $61.08.
30 day high of the MNST stock price was $66.38 and low was $57.91.
90 day high was $66.38 and low was $47.74.
52 week high for the Monster Beverage Corporation - $66.38 and low - $47.61.
Monster Beverage Corporation lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $59.62 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 26.87% during the next 3 months and, with 90% probability hold a price between $75.63 and $85.20 at the end of this period.
Only positive signals in the chart today. Monster Beverage Corporation holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $60.48. On a fall, the stock will find some support from the long-term average at approximately $59.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday March 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 56 and the stock is currently not being overbought or oversold
Support & Resistance
Monster Beverage Corporation finds support from accumulated volume at $58.74.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.21 (2.02%) between high and low. For the last week, the stock has had a daily average volatility of 1.81%.
Our recommended stoploss: $56.70 (-5.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Strong Buy Candidate
Monster Beverage Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.