Monster Corporation (MNST) is a beverage company that manufactures energy drinks, natural soft drinks, and fruit drinks including Monster Energy, Hansen's Natural Soda, Hansen's Energy, Hansen's Junior Juice, Hubert's Lemonade, Peace Tea, and Blue Sky. As of May 2012, Monster held nearly 35% of the $31.9 billion US energy drink market.
MNST ended up making a last-gasp push up to ~160, but then crashed (RSI went down to 18). Today is a relief rally with the market strength. The 50-day sma is probably some kind of resistance (it is the highest of the averages), but if it gets up into this box then it's a good short entry. Looking for another wave of selling. Weekly chart showing divergence in momentum
Making a push right up against the 50 sma right now. I think this one's going down. Funny price ratio: Only 1,500 employees for a $24.6B market cap company. That's $16M per employee, ridiculous. For instance AMZN is $407B market cap on 230k employees (~$1.8M per employee).
I like the structure. They've been coming in to support it at higher and higher levels and the supply of stock available for trading looks dried up. Weekly sticks:
I still think this is a distribution range. Price below 200 sma. If a sugar tax goes into effect, this company will be affected; makers of sugar-free drinks have been doing well lately (FIZZ) On the other hand, what makes me think that a puny human like me can stop this company?
^ Sheesh, let them go to $400/share, I won't be buying it or the drink....it's not worth the risk. Just ask Robert Johnson standing at the cross roads.
Monster Beverage Hydro launch delayed (possibly indefinitely) in many markets due to unforeseen product complications, says Wells Fargo. Perfect timing on the news guys
That's what this is saying. https://www.thestreet.com/story/14214826/1/you-are-about-to-watch-monster-beverage-s-stock-explode-higher.html
I suspect earnings will be good. China revenue and weaker dollar should help. Accumulating cash is always a good thing with no debt
I`d be very careful with the stock. A `throw-over`wave could be in play. If so, the false break of the high is a sign of growing supply. If the stock cannot break above the break down point of its last earnings release of $57.21, there is a good opportunity of a re-test of the most recent lows in the $47 to $49 range. At that point there is need for re-evaluation. Not everything in this market right now is sunshine and rainbows.
The stock is actually holding up well but there is no incremental buyers willing to step-up. If the stock closes above $56.12 on a closing basis, it may challenge the important breakpoint of $57.21. Multiple failed re-test of this point could create an opportunity to sell short the stock with risk capped at $60, or of it takes at $54.48 it may present another opportunity.
Been dead wrong so far, but this may take time to develop. On the weekly it looks like its en course in establishing a right shoulder. All that does is up the ante for continued price appreciation to avoid a break of trend.
MNST held up well today, 50 ma might be used as a reference for support nearby. Watching to see if it moves above 62.50
Think this stock may be coming into weakness. Coke is stabbing them in the back by developing their own energy drink, while at the same time controlling Monster's distribution.. Declining tops line here.
Looks like a descending wedge @anotherdevilsadvocate. I agree, I'd be bearish on this unless it breaks through that resistance. I've gotta say though, I've been drinking a lot of the white monsters (and other zero cal/zero sugar flavors) lately and they're really damn good.
Never heard of their zero cal/zero sugar drink. Doesn't sound possible lol, I'll have to check it out. Starting to peek through the resistance now, so not sure the downtrend will get going. Instead may trade in a range between 45-65 for a while.
Amazon has their own brand of energy drink. https://www.amazon.com/Amazon-Brand-Solimo-Silver-Energy/dp/B07HXHL8SC Zero sugar and just 10 calories per serving If you like Monster Energy's Zero Ultra, Sugar Free Energy Drink, we invite you to try Solimo
This is an Amazon brand? Very interesting, and pretty much in line with what Amazon is good at. Identify what is selling, then make your own and sell it!
