MONSTER BEVERAGE CORP (MNST)       100.04  -1.5 (-1.48%)

100.04  -1.5 (-1.48%)

US61174X1090 - Common Stock - After market: 100.04 0 (0%)

Technical Rating

8

Overall MNST gets a technical rating of 8 out of 10. Although MNST is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long and short term trends are both positive. This is looking good!
MNST is one of the better performing stocks in the Beverages industry, it outperforms 85% of 40 stocks in the same industry.
MNST is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so MNST slightly outperforms the market at the moment.
MNST has an average volume of 2473430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MNST did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month MNST has a been trading in the 96.22 - 104.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months 0.75% 8.23% 14.94% 11.71% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 90.66 71.775 - 104.65
MNST Weekly chart
MNST Daily chart

Support/Resistance Analysis


85.90

105.08
4 important support areas can be observed.
  • Support @91.70 from a trend line in the weekly time frame.
  • Support @90.25 from a trend line in the daily time frame.
  • Support @88.81 from a horizontal line in the daily time frame.
  • A support zone ranging from 86.77 to 86.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 103.93 to 104.04. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

Besides having an excellent technical rating, MNST also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 103.93. Right above this resistance zone may be a good entry point.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
101.8399.302.53 (2.49%)25.00%
An entry @101.83. This is a Buy Stop order right above the 10 day moving average.An exit @99.30. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 2.53 points, which is 2.49%.For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of MNST. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MNST Daily chart

MONSTER BEVERAGE CORP100.04

NASDAQ:MNST (12/9/2022, 7:00:01 PM)-1.5 (-1.48%)

After market: 100.04 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Staples
GICS Industry Beverages
Performance
Today -1.48% 1 Week -3.84%
2 Weeks -3.22% 1 Month 0.75%
3 Month 8.23% 6 Month 14.94%
Volatility
ATR(14) 1.97 ATR(20)% 1.96%
ATR Inc -36.35% Range Today 1.24
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 90.66 Mansfield 1.64
10 Day High 104.65 10 Day Low 99.31
20 Day High 104.65 20 Day Low 96.22
52 Week High 104.65 52 Week Low 71.78
CS1 End 91.7 CR1 Start 103.93
Volume & EV
DER(3) -0.2% DER(5) 0.39%
Volume 1.37M Volume Incr -46.91%
Vol(5) 1.38M Vol(50) 2.47M

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