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MONDAY.COM LTDMONDAY.COM LTDMONDAY.COM LTD

MONDAY.COM LTD

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MNDY/N trade ideas

Monday BluesTech is overvalued across the board, especially names like Monday trading at PE ratio of 535 and Forward PE of 67. Revenue growth has been high but signs of deceleration ahead. If the stock market drops heading into the New Year 2025, I think this will be one of the first to fall. Technically we are in a bearish rising wedge pattern and we appear to be on the verge of a large drop. Somehow we closed the week within this pattern and have held the important 0.382 Fibonacci. Will support hold? It’ll be an interesting week or two ahead for this stock. I plan to short of the market structure confirms a downtrend. Not financial advice, do what’s best for you.
NASDAQ:MNDYShort
by NoFOMO_
MNDY Bull FlagNASDAQ:MNDY has consolidated for 4 days post-earnings. Three bearish candles were observed, followed by a bullish candle closing above the previous two days. This is a bullish signal. The key level of $261 has been surpassed - this is the level of the Volume Point of Control (VPOC) across the three bearish days where sellers were present. Price is also holding a significant level at $255.50, which was the resistance dating back to the COVID bubble collapse. Price tested this level on Friday, and buyers instantly stepped up. This is demonstrated by the first 65-minute candle that had increased Average True Range (ATR), clearly showing buyer interest. The setup for this name is straightforward: an Anchored VWAP (AVWAP) trade. Price has tested the AVWAP to earnings release, as well as the key level. Price offers a slim spread. The entry point is a break of the High of Day (HOD) at $263.79, with a stop loss at the Low of Day (LOD) at $253.51, below the AVWAP. Trade targets are based on fair gaps and liquidity levels: First target: $300 (round number), a 3.5R target Second target: $313, a 4.85R target Remember to monitor stop loss orders and manage risk accordingly.
NASDAQ:MNDYLong
by thinkCNE
Monday.com Stock Surges 19% On Q1 Earnings & Revenue BeatMonday.com ( NASDAQ:MNDY ) reported first-quarter earnings and revenue that topped estimates, with the software maker's revenue guidance for the stock edged by views. The company reported a profit of 61 cents a share on an adjusted basis for the quarter ending March 31, up 335% from the previous year. Revenue rose 34% to $26.9 million, beating analysts' predictions of 40 cents on revenue of $210.5 million. For the current quarter ending in June, Monday.com predicted revenue of $228 million vs. estimates of $225.2 million. Monday.com shares ( NASDAQ:MNDY ) soared 19% to $217.35 in premarket trading, with the stock having retreated 3% in 2024. The workspace software provider competes with Asana (ASAN), Smartsheet (SMAR), and Atlassian (TEAM), among others. Monday.com ( NASDAQ:MNDY ) raised $574 million in its June 2021 initial public offering, with MNDY stock priced at 155. Monday.com ( NASDAQ:MNDY ) added customers, set a free cash flow record, and gave better-than-expected guidance. The company posted first-quarter adjusted earnings per share (EPS) of $0.61, more than 50% above estimates compiled by Visible Alpha. Revenue increased 33.7% year-over-year to $216.9 million, also beating forecasts. Free cash flow was $89.9 million. As of the end of March, the number of customers with more than $100,000 in annual recurring revenue (ARR) skyrocketed 55% to 911, and those with more than $50,000 in ARR jumped 48% to 2,491. Technical Outlook Monday.com ( NASDAQ:MNDY ) share is up 19.59% as of the time of writing, trading with a Relative Strength Index (RSI) of 65.96 which is within the overbought region. On the daily price chart, Monday.com ( NASDAQ:MNDY ) share depicts an upside gap or Upward gapping which is a bullish reversal pattern as a result of the earnings beat.
NASDAQ:MNDYLong
by DEXWireNews
Bullish MondayMonday.com Beats Expectations in Earnings Report, Stock Rises by 4.6% As a result of Monday's earnings report, monday.com (MNDY) beat analysts' expectations. The company reported earnings per share of 0.64 on revenue of 189.19 million, surpassing analysts' expectations of 0.18 on revenue of 182.51 million. This positive news caused the stock to rise by 4.6% to $171.22. In comparison to its daily average volume of 1 million shares, monday.com's daily average volume yesterday was 140% higher. This increased trading activity indicates a heightened interest in the stock. Monday.com's quarterly earnings report showcased a significant increase in both revenue and earnings per share compared to the previous quarter. The company's revenue increased by $189.19 million, and its earnings per share rose by 0.64. Over the past 5 days, monday.com has experienced a 26.43% appreciation in its stock price. Currently, the company is trading with a market cap of $8.27 billion. In addition to monday.com, other technology sector stocks also saw positive movements. Intel (INTC) rose by 3.04% to 40.61, Sony Group Corporation (SONY) closed at 87.12 after a 2.41% increase, and Accenture plc Class A (Ireland) (ACN) was up 1.56%. Overall, monday.com's strong earnings report and stock performance indicate positive momentum for the company in the market. Technical Outlook Monday.com Approaching Key Resistance Level Asset Symbol: MNDY Latest Price: $171.22 Asset Class: Stock Monday.com Ltd. is approaching a key resistance level at 145.46, now only 9.61 away. Breaking above this level could open up a new path for further gains. Monday.com bulls are aiming to push the stock past the key resistance level at $176.03 as the next upside milestone if they maintain their dominance. The price action is currently receding away from an active Fibonacci resistance level at $143.97. In the past 5 days, Monday.com's share price has risen by 26.32%. Today, it is expected to rise by a further 7.53, or 4.6%. Yesterday, the stock reached a high of 173.85. Other key facts about Monday.com: Market cap: $8.27 billion Total shares traded yesterday: 1.41 million (higher than the multiday average of 1 million) Technical analysis reveals that Monday.com's CCI indicator is above +100, indicating that the market price is unusually high and above its rolling moving average. The stock is currently rated as "Neutral" during a positive session in which it is gaining $7.53, or 4.6%. Overall, Monday.com is showing strong bullish momentum and has the potential to break through the key resistance level at $176.03, leading to further gains in the near future.
NASDAQ:MNDYLong
by NomolosAI
Monday.com (NASDAQ: MNDY) Surged In Early Monday TradingMonday.com Earnings a. The third quarter revenue was $189.2 million, a 38% year-over-year growth. b. A 57% increase year-over-year in customers contributing more than $50k in annual recurring revenue (ARR). c. A record quarterly non-GAAP operating margin and free cash flow. d. The firm beat estimates with $189.2 million in revenue vs. the expected $182.5 million and an EPS of $0.64 vs. the expected $0.21. Expanding High-Value Customer Base: 57% Growth in $50K+ ARR Segment A notable aspect of monday.com’s third-quarter success is the substantial growth in its high-value customer segment. The number of customers contributing more than $50,000 in annual recurring revenue (ARR) surged by 57% year over year. This surge shows the company’s effectiveness in attracting and retaining large-scale clients. The co-CEOs emphasized the importance of monday DB, their new infrastructure underpinning the WorkOS platform, in attracting and maintaining these high-value relationships. The rollout of monday DB, which is ahead of schedule, is already receiving positive feedback for its significant speed improvements and enhanced capabilities. Technical Analysist Price Momentum MNDY is trading in the middle of its 52-week range and near its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, and the stock is still trying to generate some momentum. This is a positive sign for the stock's future value.
NASDAQ:MNDYLong
by DEXWireNews
$MNDY Setting up below a major pivot. MNDY looks healthy and is possibly setting up. The setup: 52-week high breakout above $187 pivot Late Jan, it came above the 200dsma and rode the 21-day ema for about a 25%-30% move then started to drifted back in undercutting the 200dsma for four days in early May. This four day undercut traded on above average daily volume without further progress to the downside, this can be interpreted as supporting action. A week later the stock gapped up on 5/15 due to earnings announcement and put in an HV1 (highest volume traded in 1 year). It hasn't closed the gap and found support at the 50dsma. Relative strength is also lifting nicely. $187 is a significant pivot when viewed on a higher time frame (look at the weekly). Breakout traders might consider this actionable above $187, especially if it's followed by volume. Risks: There is clear overhead supply from 2021. (obstacle to become a ML) The company has negative earnings Revenue growth is decelerating A breakout might result in a nice 10%+ opportunity with decent risk management below the recent multiday tight consolidation around $174 (~7%). A pullback and hold of the breakout would be confirmation of a stage 2 uptrend.
NASDAQ:MNDYLong
by greenmtns
3
MONDAY approaching the top of the Channel Up.Monday.com Ltd (MNDY) is testing today the 1W MA100 (red trend-line) for the first time, being just below Resistance 1 (192.50) and the top (Higher Highs trend-line) of the 8-month Channel Up. This is a strong medium-term Resistance cluster and as the 1D RSI is about to hit its Higher Highs trend-line of its own, we will be looking to sell and target 135.00, on a potential contact with the 1D MA200 (orange trend-line), near the bottom of the Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:MNDYShort
by TradingShot
3