Monster Beverage (MNST, $50.15) was a top loser over the last three months, falling -15.3% to $50.15 per share. A.I.dvisor analyzed 41 stocks in the Beverages: Non-Alcoholic Industry for the 3-month period ending June 25, 2024, and found that 26 of them (63.64%) exhibited an Uptrend while 15 of them (36.36%) demonstrated a Downtrend.
MNST in upward trend: price expected to rise as it breaks its lower Bollinger Band on June 12, 2024
MNST may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 26 of 36 cases where MNST's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 72%.
MNST in upward trend: price expected to rise as it breaks its lower Bollinger Band on June 12, 2024
MNST may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 26 of 36 cases where MNST's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 72%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.