MNST Forecast and Technical Stock Analysis
Sell candidate since 2019-07-19
Monster Beverage Corporation fell by -2.63% in the last day ( Friday, 19th Jul 2019 ) from $64.97 to $63.26 and has now fallen 4 days in a row. During the day the stock fluctuated 3.14% from a day low at $62.78 to a day high of $64.75. The price has been going up and down for this period, and there has been a -4.04% loss for the last 2 weeks. Volume has increased in the last day by 1.79 million shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 3.79 million shares bought and sold for approximately $239.48 million.
- 30 day high of the MNST stock price was $66.17 and low was $61.23.
- 90 day high was $66.36 and low was $54.75.
- 52 week high for Monster Beverage Corporation - $66.38 and low - $47.74.
Monster Beverage Corporation lies in the lower part of a 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 $63.15 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 10.1% during the next 3 months and, with 90% probability hold a price between $69.53 and $75.83 at the end of this period.
There are few to none technical positive signals at the moment. Monster Beverage Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $64.97 and $64.03. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday July 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 46 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Monster Beverage Corporation finds support from accumulated volume at $63.11.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.97 (3.14%) between high and low. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.62 %Average volatility
Very Low Low Medium High Very High
The Monster Beverage Corporation stock holds several negative signals and despite the positive trend we believe Monster Beverage Corporation will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
|MNST $63.26 ($-1.71 -2.63%)|
MNST is down $1.71 today, but where's it headed in 2019?
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