MONSTER BEVERAGE - Daily - Technical analysis published on 07/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
17%
11%
My opinion
Bullish above 62.17 USD
My targets
65.02 USD (+0.57%)
68.91 USD (+6.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MONSTER BEVERAGE as long as the price remains well above 62.17 USD. The buyers” bullish objective is set at 65.02 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 68.91 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MONSTER BEVERAGE price is 64.65 USD. On the day, this instrument lost -0.19% and was between 64.31 USD and 65.34 USD. This implies that the price is at +0.53% from its lowest and at -1.06% from its highest.64.31
65.34
64.65
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MONSTER BEVERAGE:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MONSTER BEVERAGE in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 55.60 | 60.60 | 62.17 | 64.65 | 65.02 | 68.91 |
| Change (%) | -14.00% | -6.26% | -3.84% | - | +0.57% | +6.59% |
| Change | -9.05 | -4.05 | -2.48 | - | +0.37 | +4.26 |
| Level | Minor | Major | Intermediate | - | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.82 | 62.44 | 63.60 | 64.22 | 65.38 | 66.00 | 67.16 |
| Camarilla | 64.28 | 64.44 | 64.61 | 64.77 | 64.93 | 65.10 | 65.26 |
| Woodie | 62.10 | 62.57 | 63.88 | 64.35 | 65.66 | 66.14 | 67.44 |
| Fibonacci | 62.44 | 63.12 | 63.54 | 64.22 | 64.90 | 65.32 | 66.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.14 | 62.68 | 63.26 | 63.80 | 64.38 | 64.92 | 65.50 |
| Camarilla | 63.52 | 63.62 | 63.73 | 63.83 | 63.93 | 64.04 | 64.14 |
| Woodie | 62.15 | 62.69 | 63.27 | 63.81 | 64.39 | 64.93 | 65.51 |
| Fibonacci | 62.68 | 63.11 | 63.38 | 63.80 | 64.23 | 64.50 | 64.92 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.99 | |
| MACD (12,26,9): | 0.5500 | |
| Directional Movement: | 9.56 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 64.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 60.57 | |
| Elder Ray (13): | 1.14 | |
| Super Trend (3,10): | 66.15 | |
| Zig ZAG (10): | 64.65 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 78.86 | |
| TEMA (21): | 63.96 | |
| Williams %R (14): | -14.47 | |
| Chande Momentum Oscillator (20): | 3.32 | |
| Repulse (5,40,3): | 1.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 1.07 |
| MA7: | 63.90 | |
| MA20: | 63.55 | |
| MA50: | 62.34 | |
| MA100: | 59.86 | |
| MAexp7: | 64.01 | |
| MAexp20: | 63.43 | |
| MAexp50: | 62.04 | |
| MAexp100: | 60.30 | |
| Price / MA7: | +1.17% | |
| Price / MA20: | +1.73% | |
| Price / MA50: | +3.71% | |
| Price / MA100: | +8.00% | |
| Price / MAexp7: | +1.00% | |
| Price / MAexp20: | +1.92% | |
| Price / MAexp50: | +4.21% | |
| Price / MAexp100: | +7.21% |
News
The latest news and videos published on MONSTER BEVERAGE at the time of the analysis were as follows:
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- Detailed Research: Economic Perspectives on CDK Global, Buckle, Argan, Ares Capital, TAL Education Group, and Monster Beverage — What Drives Growth in Today's Competitive Landscape
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-
Monster Beverage
This member declared not having a position on this financial instrument or a related financial instrument.
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