Monster Beverages stock price (MNST) fell in the intraday levels, after the important resistance of $54.80 held on, exposing the stock to negative pressure with negative signals from the RSI after reaching overbought levels compared to the stocks movements, hinting at negative divergence, amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA.

Therefore we expect more losses for the stock, targeting the support of $52.00, provided the resistance of $54.80 holds on.

Trend forecast: Bearish