Celsius

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>CELH stock price rises 35% in August 2023.</a> </li> 
 <li> <span>2</span> <a>Celsius stock price (NASDAQ: CELH) hit a 52-week high at $206.855.</a> </li> 
 <li> <span>3</span> <a>CELH stock price is in a stock uptrend.</a> </li> 
</ul> 
<p>Celsius Holdings Inc. CELH stock price has performed well in the past few months and generated nominal returns for its investors. It continues to rise upward by forming higher high swings which shows the dominance of the bulls.&nbsp;</p> 
<p>Celsius stock price is trading above the 50-day and 200-day EMA showcase uptrend. However, the price looks mildly over-stretched, and current prices have gone far from the EMA. So, a minor retracement to the 50-day EMA is possible.&nbsp;</p> 
<p>Celsius Holdings Inc. released the previous quarter earnings on August 8, 2023. It reported a positive EPS of 0.52 and revenue of $325.883 Million.&nbsp;</p> 
<p>The company succeeded in beating the EPS estimates by 70.18% and revenue estimates by 17.57%. Due to this CELH stock price reacted positively and succeeded in breaking the $160.00 hurdle. It triggered a positive sentiment and fueled a further rally in the stock.&nbsp;</p> 
<p>Celsius stock price rallied 29% in a short span of time and formed a highly bullish pattern. At present, the positive momentum is intact and no signs of weakness are visible.</p> 
<h2 class="wp-block-heading" id="strong-does-celh-stock-price-look-overbought-strong"><strong>Does CELH Stock Price Look Overbought?</strong></h2> 
<div class="wp-block-image"> 
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  <img decoding="async" loading="lazy" width="1024" height="434" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-381-1024x434.png" alt="CELH Stock Hit 52-Week High; Will Celsius Stock Hold $200?" class="wp-image-167882" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-381-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-381-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-381-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-381-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-381-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-381-1140x483.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-381.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   NASDAQ: CELH daily chart by <a href="https://www.tradingview.com/x/SREKvbCB/" target="_blank" rel="noreferrer noopener">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>Celsius Holdings Inc. CELH stock price is up by 99% on a YTD basis. It shows the confidence of investors in the outlook of the company. However, it rallied a lot in August, so a narrow-range consolidation or a minor retracement is possible.&nbsp;</p> 
<p>Till Celsius stock price sustains above $160.00 the positive momentum will continue. On the other hand, if the prices drop below $160 then signs of short-term correction will be visible.&nbsp;</p> 
<p>The technical analysis suggests that the CELH stock price is in bulls’ grip and more upward momentum is possible.</p> 
<h3 class="wp-block-heading" id="strong-celsius-stock-price-rises-upward-for-5-consecutive-weeks-strong"><strong>Celsius Stock Price Rises Upward For 5 Consecutive Weeks</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp;
 <div id="tradingview_e3d9a"></div> &nbsp;&nbsp;
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> &nbsp;&nbsp;
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp;
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NASDAQ:CELH",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_e3d9a"

}

  );

  </script> 
</div>  
<p>Celsius <a href="https://www.thecoinrepublic.com/2023/08/31/ford-stock-forecast-can-nyse-f-strengthen-from-demand-zone/" target="_blank" rel="noreferrer noopener">stock price</a> rose upward for five consecutive weeks. It formed a bullish pattern on multiple time frames. The buying volume is also on the rise which shows that more and more investors are participating in the rally.&nbsp;</p> 
<p>The broader market indices are also recovering which is also positively impacting the CELH stock.&nbsp;</p> 
<p>The MACD curve is reversing down indicating the rally may take a halt for some time. The RSI at 69 is near the overbought territory due to which short-term downfall is possible.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Celsius Holdings Inc. CELH stock price rose 35% in August 2023. The majority of the gains came after the release of quarterly earnings. At present, Celsius stock price is highly bullish and showcases that more rally is pending.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Resistance levels: $206.00 and $210.00</li> 
 <li>Support levels: $184.00 and $160.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

CELH Stock Hit 52-Week High; Will Celsius Stock Hold $200?

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