· Celsius Holdings, Inc. hit an all-time high.
· The stock is above the 100-day and 200-day EMA levels.
· The CELH has shown a YTD increase of 90.07%.
The Celsius Holdings, Inc. develops, sells, and markets functional drinks and liquid supplements. The company was founded in 2004 in Florida.
The CELH stock is moving in an upward direction. The price has formed a higher structure. Recently, the price has given a breakout from a rising wedge pattern.
The quarterly profit margin percentage of the CELH stock is rising. The stock has shown an increase in net income along with the revenue. Thus, the financials of the company are performing well.
The uptrend started in CELH in March 2020, before this the stock price was consolidating near the $3.00 range. The stock has given a return of 6200% in just three years. This was the massive rise experienced by the stock. The has been in a bull for a long time.
The stock has returned 136% in the previous six months. The return of the stock is positive, which shows the stock is outperforming. The overall structure is also good. The price is likely to rise in the upcoming days.
Celsius Holdings, Inc. (CELH) Stock Price Analysis
CELH stock is above its 100-day and 200-day EMA levels. This means the stock is on an upward trend and likely to increase.
CELH stock has its MACD line above the signal line. This shows that the stock has a positive momentum and may see more gains.
The stock of Celsius Holdings, Inc. (CELH) has its RSI line over its 14-day SMA line. The RSI line is currently in the positive zone. This signals a bullish signal for the stock and the price will likely rise in the upcoming days.
The volume of the CELH stock is increasing. The stock has a current volume of $1.01 million and it rising. This shows that the buyers are taking an interest in the stock and making fresh positions.
Conclusion
As per the analysis, the Celsius Holdings, Inc. (CELH) share price is moving in an uptrend direction. The price has given a massive return in the last three years. The financial of the company are performing well, and indicators are also positive on the stock. The price is likely to rise in the future.
Technical Levels
· Support Level– $55
· Resistance Level- $73.67
Disclaimer
The views and opinions of the author or anyone in this article are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.
