MONSTER BEVERAGE

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	MNST
ISIN:

MONSTER BEVERAGE - 1H - Technical analysis published on 02/29/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 57.33 USD

My targets

59.94 USD (+1.44%)

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 57.33 USD. The buyers' bullish objective is set at 59.94 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MONSTER BEVERAGE rating is 59.09 USD. The price registered an increase of +5.80% on the session and was traded between 58.68 USD and 59.84 USD over the period. The price is currently at +0.70% from its lowest and -1.25% from its highest.

58.68

59.84

59.09

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this MONSTER BEVERAGE chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Long white line

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	56.25	56.90	57.33	59.09	59.94
Change (%)	-4.81%	-3.71%	-2.98%	-	+1.44%
Change	-2.84	-2.19	-1.76	-	+0.85
Level	Minor	Major	Minor	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.98	54.52	55.18	55.72	56.38	56.92	57.58
Camarilla	55.52	55.63	55.74	55.85	55.96	56.07	56.18
Woodie	54.05	54.55	55.25	55.75	56.45	56.95	57.65
Fibonacci	54.52	54.98	55.26	55.72	56.18	56.46	56.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.92	54.36	54.82	55.26	55.72	56.16	56.62
Camarilla	55.04	55.13	55.21	55.29	55.37	55.46	55.54
Woodie	53.94	54.37	54.84	55.27	55.74	56.17	56.64
Fibonacci	54.36	54.70	54.91	55.26	55.60	55.81	56.16

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48.88	51.86	53.44	56.42	58.00	60.98	62.56
Camarilla	53.77	54.18	54.60	55.02	55.44	55.86	56.27
Woodie	48.18	51.51	52.74	56.07	57.30	60.63	61.86
Fibonacci	51.86	53.60	54.68	56.42	58.16	59.24	60.98

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):	84.13
MACD (12,26,9):	0.4500
Directional Movement:	40.27
AROON (14):	50.00
DEMA (21):	56.62
Parabolic SAR (0,02-0,02-0,2):	55.12
Elder Ray (13):	2.87
Super Trend (3,10):	57.08
Zig ZAG (10):	59.59
VORTEX (21):	1.0700
Stochastique (14,3,5):	84.09
TEMA (21):	56.98
Williams %R (14):	-3.03
Chande Momentum Oscillator (20):	4.04
Repulse (5,40,3):	1.1500
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	3.62

MA7:	56.09
MA20:	55.93
MA50:	56.45
MA100:	54.78
MAexp7:	56.82
MAexp20:	56.15
MAexp50:	55.78
MAexp100:	55.76
Price / MA7:	+5.35%
Price / MA20:	+5.65%
Price / MA50:	+4.68%
Price / MA100:	+7.87%
Price / MAexp7:	+4.00%
Price / MAexp20:	+5.24%
Price / MAexp50:	+5.93%
Price / MAexp100:	+5.97%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on MONSTER BEVERAGE. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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