Home
News
- 1 MNST stock price has sustained at the 20 day EMA, showing the buyers presence.
- 2 Recently, MNST stock pulled back and retained the $50 level.
Monster Beverage Corporation (NASDAQ: MNST) Monster Beverage Corp. is a holding company, which engages in the development, marketing, sale, and distribution of energy drink beverages and concentrates. It operates through the following segments: Monster Energy Drinks, Strategic Brands, and Other. The Monster Energy Drinks segment sells ready-to-drink packaged energy drinks to bottlers and full-service beverage distributors. The company was founded on April 25, 1990, and is headquartered in Corona, CA.
Will MNST Stock Switch Back Towards $60?
On the daily charts, MNST stock retested the demand zone of $45. Thereafter, a pullback was noted; bulls are raking in the gains ahead of the Q3 numbers. Furthermore, the MNST stock surpassed the 20 day EMA barrier and has sustained above the round mark of $50. Meanwhile, near the bottom of $45, a morning star candlestick was formed which indicates a reversal. Follow-on buying was witnessed in the past number of sessions.
At press time, MNST stock price was trading at $51.65 with an intraday gain of 1.08%, showing neutrality on the charts. Moreover, trading volume is up by 0.67% to 6.458 Million while the market cap is $54.104 Billion. Furthermore, analysts have maintained a buy rating with a yearly target price of $61.02 suggesting a strong growth outlook.
MNST Stock Price Prediction 2023
MNST stock price is trading below neutrality and is showing selling pressure, the lower zone at $45 could be retested. However, the buyers managed the gains and attained a pullback indicating buying interest.
If follow-on buying continues, MNST stock has the potential to reach the maximum of $70. Conversely, if stock fails to hold $50, it could retest the downtrend zone of $40.
MNST Stock Price Prediction 2024
On the monthly charts, a rising parallel channel was witnessed and stock has shown a rejection candlestick near $50 and retained the 20 day EMA spot. Furthermore, the higher highs sequence was noted on the charts, suggesting that follow-on buying could continue in the coming sessions.
If MNST stock surpasses the 52 week high mark of $60, a sharp up move can be anticipated and the stock would reach the maximum of $75, followed by $90 by 2024.
On the contrary, if bears acquire strength, MNST stock has a downside risk to the minimum of $30.
MNST Stock Price Prediction 2025
On the 6 months chart, a inside candle was formed followed by the bullish candle which led investors in a dilemma. However, the trend is strong and the stock is on the bullish track and may surpass the 52 week highs soon. However, the bears tried to flip the stock below the immediate support zone of $50.
MNST stock has the potential to reach the $120 mark followed by $130 by 2025. Conversely, the downside risk for the MNST stock is low and if the bearishness persists, the stock may plumet to $25.
Summary
MNST stock is a good value pick for the long term investors, as it has strong fundamentals. Furthermore, the business model has strong growth potential. The stock did not initiate the rally and is close to the breakout zone of $60.
Technical Levels
Support Levels: $50 and $45
Resistance Levels: $55 and $60
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
