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Uptrend ExhaustionArchive
- 4/26/2024 -
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Monster Beverage (MNST) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week after 5 consecutive negative weeks for the Monster Beverage (MNST). During the week, the MNST climbed 0.23 points, or 0.43%, and closed at 53.37 on Friday, April 26, 2024. Weekly volume was 14% above average.
 Long-term trend: [See MNST long-term trend chart]
A long-term uptrend had started on October 13, 2023 at 47.13 and reached 61.23 on March 13, 2024. MNST gained -14.10 points, or -29.92%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (60.41) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. MNST may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See MNST medium-term trend chart]
A medium-term downtrend had started on March 13, 2024 at 61.23 and reached 51.98 on April 25, 2024. MNST lost 9.25 points, or 15.11%, in 6 weeks. The price is now at the 15.03% retracement level.
 Weekly Technical Indicators: [See MNST weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See MNST short-term trend chart]
A short-term downtrend had started on April 24, 2024 at 54.87 and reached 51.98 on April 25, 2024. MNST lost 2.89 points, or 5.27%, in 1 days. The price is now at the 48.10% retracement level.
Daily Technical Indicators: [See MNST daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since March 21, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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