Monster Beverage Corporation (MNST) stock rose in its latest intraday trading, attempting to recover part of its previous losses and relieve its clearly oversold RSI conditions, especially as bullish signals begin to emerge. However, the stock remains under the influence of a short-term corrective downtrend and continues to face negative pressure from trading below the 50-day SMA, reinforcing the bearish outlook in the near term.

Therefore we expect the stock to decline in upcoming sessions, as long as resistance at $61.25 holds, targeting the support level at $56.70.

Todays price forecast: Bearish.