MONSTER BEVERAGE - Daily - Technical analysis published on 09/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
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:
Neutral
De fond:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 56.87 USD and 60.60 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on MONSTER BEVERAGE. It is difficult to advise a trading direction under these conditions. The first support is located at 56.87 USD. The first resistance is located at 60.60 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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
MONSTER BEVERAGE rating 59.12 USD. The price has increased by +1.32% since the last closing and was between 58.46 USD and 59.52 USD. This implies that the price is at +1.13% from its lowest and at -0.67% from its highest.58.46
59.52
59.12
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MONSTER BEVERAGE:
Technical
Technical analysis of MONSTER BEVERAGE in Daily shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 52.59 | 54.17 | 56.87 | 59.12 | 60.60 | 62.17 | 65.98 |
| Change (%) | -11.05% | -8.37% | -3.81% | - | +2.50% | +5.16% | +11.60% |
| Change | -6.53 | -4.95 | -2.25 | - | +1.48 | +3.05 | +6.86 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.27 | 57.80 | 58.07 | 58.60 | 58.87 | 59.40 | 59.67 |
| Camarilla | 58.13 | 58.20 | 58.28 | 58.35 | 58.42 | 58.50 | 58.57 |
| Woodie | 57.15 | 57.74 | 57.95 | 58.54 | 58.75 | 59.34 | 59.55 |
| Fibonacci | 57.80 | 58.10 | 58.29 | 58.60 | 58.90 | 59.09 | 59.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.65 | 56.62 | 57.49 | 58.46 | 59.32 | 60.29 | 61.16 |
| Camarilla | 57.85 | 58.01 | 58.18 | 58.35 | 58.52 | 58.69 | 58.86 |
| Woodie | 55.60 | 56.59 | 57.43 | 58.43 | 59.27 | 60.26 | 61.10 |
| Fibonacci | 56.62 | 57.32 | 57.75 | 58.46 | 59.16 | 59.59 | 60.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.69 | 47.75 | 53.21 | 59.27 | 64.73 | 70.79 | 76.25 |
| Camarilla | 55.50 | 56.56 | 57.61 | 58.67 | 59.73 | 60.78 | 61.84 |
| Woodie | 41.39 | 47.60 | 52.91 | 59.12 | 64.43 | 70.64 | 75.95 |
| Fibonacci | 47.75 | 52.15 | 54.87 | 59.27 | 63.67 | 66.39 | 70.79 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.80 | |
| MACD (12,26,9): | -0.1800 | |
| Directional Movement: | -5.72 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 57.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 56.40 | |
| Elder Ray (13): | 0.66 | |
| Super Trend (3,10): | 61.37 | |
| Zig ZAG (10): | 59.12 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 77.30 | |
| TEMA (21): | 58.58 | |
| Williams %R (14): | -12.45 | |
| Chande Momentum Oscillator (20): | 0.35 | |
| Repulse (5,40,3): | 0.4500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 2.96 |
| MA7: | 58.67 | |
| MA20: | 57.96 | |
| MA50: | 60.00 | |
| MA100: | 61.67 | |
| MAexp7: | 58.54 | |
| MAexp20: | 58.35 | |
| MAexp50: | 59.41 | |
| MAexp100: | 59.94 | |
| Price / MA7: | +0.77% | |
| Price / MA20: | +2.00% | |
| Price / MA50: | -1.47% | |
| Price / MA100: | -4.13% | |
| Price / MAexp7: | +0.99% | |
| Price / MAexp20: | +1.32% | |
| Price / MAexp50: | -0.49% | |
| Price / MAexp100: | -1.37% |
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:
- Consolidated Research: 2019 Summary Expectations for NVIDIA, Monster Beverage, Universal Forest Products, TrueCar, Career Education, and Dynex Capital — Fundamental Analysis, Key Performance Indications
- Factors of Influence in 2018, Key Indicators and Opportunity within Monster Beverage, Celanese, Nu Skin Enterprises, AG Mortgage Investment Trust, Lockheed Martin, and The Charles Schwab — New Research Emphasizes Economic Growth
- 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
- Should you buy Citigroup, Fossil Group, The Goldman Sachs Group, Monster Beverage, or Tesla Motors stock?
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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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