The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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Monster Beverage (MNST) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtMACD bearish divergencePrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a fourth consecutive positive week for the Monster Beverage (MNST). During the week, the MNST gained 1.27 points, or 2.15%, and closed at 60.45 on Friday, March 15, 2024. MNST was trading at average weekly trading volume.

Long-term trend: [See MNST long-term trend chart]
A long-term downtrend had started on February 16, 2023 at 105.45 and reached 47.13 on October 13, 2023. MNST lost 58.32 points, or 55.31%, in 34 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See MNST medium-term trend chart]
A medium-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 price is now at the 5.53% retracement level.

Weekly Technical Indicators: [See MNST weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.

The weekly MACD line is above its signal line since July 7, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See MNST short-term trend chart]
A short-term uptrend had started on February 22, 2024 at 54.80 and reached 61.23 on March 13, 2024. MNST gained -6.43 points, or -11.73%, in 20 days. The price is now at the 12.13% retracement level.

Daily Technical Indicators: [See MNST daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since February 26, 2024. This is an indication that the short-term trend is up.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.68
Williams' Percentage Range (W%R) 19.10
Overbought
Lane's Stochastic (%D-Slow) 83.11
Overbought
Greed/Fear Indicator (GFI) 79.89
Moving Average Converg./Diverg. (MACD) 0.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.27
Williams' Percentage Range (W%R) 10.20
Overbought
Lane's Stochastic (%D-Slow) 52.70
Greed/Fear Indicator (GFI) 66.90
Moving Average Converg./Diverg. (MACD) -1.21 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 62.38
Daily Stochastic Crossing 60.62
Price 60.45
Parabolic System 59.01
Weekly Stochastic Crossing 58.43
20 Day Moving Average 57.77
50 Day Moving Average 57.05
Lower Bollinger Band 54.31
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Soft Drinks 38
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 57.53
Low Date 03/06/2024
High 61.23
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.80
Low Date 02/22/2024
High 61.23
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.76
Low Date 02/05/2024
High 61.23
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.13
Low Date 10/13/2023
High 61.23
High Date 03/13/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.45
High Date 02/16/2023
Low 47.13
Low Date 10/13/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.