$MNST bullish uptrendNASDAQ:MNST is a bullish looking chart. Look at the moving averages. in a parallel uptrend. A little over extended. The 20 week and 50 week moving averages are buying opportunity.
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Monster 5223Going to 300 and will flip Coke. One of the best performing stocks ever. My only regret? Buying in way too late. I was chugging monsters when the price was in the single digits and I never held. Sold for small gains. Will it go straight up there overnight? Nope. Like ZR! RICE it is a long term play
Monster Beverage Corporation – Ready to Risk with Short Trade?If you like this idea, please don’t forget to Boost it.
Fundamental Indicators:
Sector – Consumer Defensive
US Business Cycle Stage – late cycle, when this sector is favourable
Revenue – consistent growth for the past 10 years, 13% average annual growth rate for the past 5 years
Profits – dropping since 2020
Net margin – highly effective company for this industry with over 20% margin
P/E – quite high with 39 ratio compared to S&P500 with 21 and Consumer Defensive sector with 23
Liabilities - debt ratio is at 0.17 which is within normal limits, Net Debt/ EBITDA is negative – no problems with debt
Conclusion – highly effective company, however, slowdown in profits, high PE and worsening economic situation – are the signs that the stock may correct further
Technical Analysis (Elliott Waves):
Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently at the stage of wave 4 formation within an Ending Diagonal of a higher degree wave 5 (see higher timeframe graph)
Since the correction after the Great Financial Crisis of 2008 the company has enjoyed explosive growth. However, from May 2018 when a Running Flat correction completed in wave 4, price movement has been very choppy with multiple crossings which is a good sign of an Ending Diagonal (see guidelines for Ending Diagonals below)
The peak in August 2022 completed wave 3 of this Ending Diagonal and since then we can see a likely completion of the first leg of wave 4 in W and a deep correction in wave X
The next wave may present a good shorting opportunity with a target of $65 below the high of wave 1
This is a higher timeframe to reflect the full history of Monster Beverage Corporation and to provide full wave count:
This is the link to the guidelines for Ending Diagonals
What do you think about Monster Beverage Corporation and its short term prospects?
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Bullish ConsolidationIn November we exceeded the toppish resistance that had been prevailing for over a year. After this a new trading range has developed for the first quarter of this year. The bears were not able to fall back to the former tops and make a substantial correction of the rise since November. Thus the market seems to me to be supported by steadily renewing buying interest and may make another outbreak attempt soon.
MNST, LONG Originally missed my entry , but just took advantage of a small little sell off to get in around nearly the same price as the signal day on Jan 23rd .
I like how we are sitting on MNST's GLB line and we are consolidating right at its highs in a TTR , stock is in BOM ( breakout mode ) but could go both ways , up or down , also could just go sideways an maybe stop out all the weak holders like me . But we do have that RS shining strong , I would like to say that puts the odds in my favor enough for an upside breakout .
This is not a TTs candidate no 2/2 gaps , yet still looks like it has potential to me . In this case I was able to put my stop just under the GLB as well as under the signal day , so I'm happy with the management end , not lets see if this short term oversold condition on low TF transmits to daily or if we do indeed see buyers come in to support .
MNST | Inverse Head and Shoulder | BullishMonster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages. The company sells its products to bottlers, full-service beverage distributors, as well as sells directly to retail grocery and speciality chains, wholesalers, club stores, mass merchandisers, convenience chains, drug stores, foodservice customers, value stores, e-commerce retailers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations. It provides its products under the Monster Energy, Monster Energy Ultra, Monster Rehab, Monster Energy Nitro, Java Monster, Muscle Monster, Espresso Monster, Punch Monster, Juice Monster, Monster Hydro Energy Water, Monster Hydro Super Sport, Monster HydroSport Super Fuel, Monster Super Fuel, Monster Dragon Tea, Reign Total Body Fuel, and Reign Inferno Thermogenic Fuel, as well as NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play and Power Play (stylized), Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator, Fury, and True North brands. The company was formerly known as Hansen Natural Corporation and changed its name to Monster Beverage Corporation in January 2012. Monster Beverage Corporation was founded in 1985 and is headquartered in Corona, California.
Classical formation seen in MNSTThe tobo structure, which is seen as both a return and a Continuation formation, is also seen in this stock. The neck zone broke above the one-year price action and successfully retraced. The expected rate of return is 25%. If Stop Loss is followed with ATR, much more solid gains can be obtained.
MNST - after the BOOn 18/11 I added calls for next januari and june.
Closed half my position on 23/11 around $104, because of the lower volume at the beginning of the day and the good run it had the past days.
When the price drops below the short term trend line, i will close the other positions.
Pretty defence because it is still a choppy market/
Will keep monitoring MNST to look for new consolidations and pivots.
For now my primairy positions are in ARRY (bought on the BO 23/11) and ABCL (same day, but lesser action).
MNST - Trying to break out inverse head and shoulderInverse head and shoulder clearly visible from the weekly chart.
Formation started in april/may 2021 --> big base, big breakout.
Showing strenght during weak day.
Above 10 & 30 EMA Weekly, in stage 2 (Stan Weinstein) since middle of october.
PEG on earnings (04/11)
Entered $105 jan calls @$99
Using AVWP of PEG as stop loss ($98)
good luck
$MNST - Monster Bev Corp - A Monster Double Top In The Making?The $99 region seems to be a barrier the bulls cannot breach.
Key support comes in at $71.78, the March 2020 low.
The Double Top or Flat correction will be decided by how price reacts at the $70 zone.
Short positions should use a stop-loss at $94.23, the wave (2) high.
