Monster Beverage Corporation (MNST) is a leading energy drink company that has been a leader in the industry for many years. Recently, the stock ticker MNST has seen a decrease in its stock price due to a crossover of its Aroon indicator below zero. This is a technical indicator that measures the strength of a trend and is used to identify trend reversals.
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When the Aroon indicator crosses below zero, it indicates that the current trend is weakening and that the stock price is likely to decrease in the near future. This crossover has occurred 19 times before in the history of MNST, and the results are largely negative. Historically, the price decreased in the next 30 days 64% of the time, with a median price movement of $-1.86. The price decreased in the next 90 days 69% of the time, with a median price movement of $-2.52.
In addition to the Aroon indicator, the Average Directional Movement Index (ADX) has also recently crossed below the ADXR. The ADX is an indicator used to measure the strength of a trend, and the ADXR is a smoothed version of the ADX. When the ADX crosses below the ADXR, it indicates that the current trend is weakening and that the stock price is likely to decrease in the near future.
Overall, the recent crossover of the Aroon and ADX indicators may be signs of MNST decreasing in the near future.