Technical Analysis:
MNDY's current price at $300.02 shows a significant pullback from recent highs. The RSI-14 at 58.32 indicates neutral momentum, while the MACD (17.49) remains positive but shows decreasing momentum with a small histogram (1.89).
Price Levels and Support/Resistance:
- Current resistance: $336.41 (Fibonacci R1)
- Key support: $302.05 (Fibonacci Pivot)
- Secondary support: $267.69 (Fibonacci S1)
News Impact:
- The stock has shown remarkable performance, returning +31.6% over the past month
- Recent Q4 earnings beat expectations with revenue of $267.98M (+32.3% YoY) and EPS of $1.08 vs $0.79 expected
- Multiple analysts have raised their price targets, with new targets ranging from $380-$400
Next Week's Price Prediction:
Based on technical indicators and recent price action:
- Bullish scenario (30% probability): Price could test $336.41 if market sentiment remains positive
- Bearish scenario (50% probability): Likely pullback to $285-290 range due to:
- Overbought conditions after recent rally
- RSI showing weakening momentum
- Premium valuation concerns (Grade F on valuation metrics)
- Consolidation scenario (20% probability): Price may trade sideways between $295-$305
Trading Recommendation: SELL
- Current price levels show signs of exhaustion after strong rally
- Valuation concerns and technical indicators suggest a pullback is likely
- Recommended to take profits and wait for better entry points around $285-290 range
Technical Analysis:
MNDY's current price at $300.02 shows a significant pullback from recent highs. The RSI-14 at 58.32 indicates neutral momentum, while the MACD (17.49) remains positive but shows decreasing momentum with a small histogram (1.89).
Price Levels and Support/Resistance:
- Current resistance: $336.41 (Fibonacci R1)
- Key support: $302.05 (Fibonacci Pivot)
- Secondary support: $267.69 (Fibonacci S1)
News Impact:
- The stock has shown remarkable performance, returning +31.6% over the past month
- Recent Q4 earnings beat expectations with revenue of $267.98M (+32.3% YoY) and EPS of $1.08 vs $0.79 expected
- Multiple analysts have raised their price targets, with new targets ranging from $380-$400
Next Week's Price Prediction:
Based on technical indicators and recent price action:
- Bullish scenario (30% probability): Price could test $336.41 if market sentiment remains positive
- Bearish scenario (50% probability): Likely pullback to $285-290 range due to:
- Overbought conditions after recent rally
- RSI showing weakening momentum
- Premium valuation concerns (Grade F on valuation metrics)
- Consolidation scenario (20% probability): Price may trade sideways between $295-$305
Trading Recommendation: SELL
- Current price levels show signs of exhaustion after strong rally
- Valuation concerns and technical indicators suggest a pullback is likely
- Recommended to take profits and wait for better entry points around $285-290 range