Celsius

United

Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The CELH share price has declined by more than 8% in one trading session.</a> </li> 
 <li> <span>2</span> <a>Celsius Holdings Inc.’s share price has been following an uptrend for many weeks.</a> </li> 
</ul> 
<p>Celsius Holdings Inc. is a manufacturer of nutritional foods, beverages, and supplements. The company has its headquarters in the United States of America at Boca Raton. The current CEO of the Company is John Fieldly and it was founded in 2004.</p> 
<p>The CELH share price has declined with good momentum in the last few days due to an uncertain reason. It resulted in sudden profit booking in the stock. The current market cap of the company is $13.949 Billion and has a negative EPS of $1.85. It means that the company is losing money on each share. The current beta of the share is 1.31. It means that the share price moves slightly more than the market as a whole.</p> 
<p>Celsius Holdings has an average trading volume of 2.362 Million and the gross margin of the company is 45.16%. The net cash for the company has advanced by 1,034.5% resulting in $681.05 Million in Q2 2023. It indicates that the company receives a good amount of payments from its clients.</p> 
<h2 class="wp-block-heading" id="strong-the-celh-stock-performance-analysis-strong"><strong>The CELH Stock Performance Analysis</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
  <img decoding="async" loading="lazy" src="https://lh5.googleusercontent.com/a342FWvhEKoOAfr9gL5XSC2jRw3vbKzB4sU6-uIXWB2MK4N8QC6m8tliM2Kkc8hH6RvccM_tTCDXBXGYlG_xA-IFGugsJdcWUclfO04Qzfx4jEpMDvRbt1AqldrNKX0GNZ-a5pDwpvP2Xrxy_7BB4So" alt="Why Is There a Massive Decline In CELH Stock? What To Do Next?" style="width: 100%;height:224px" width="1130" height="224">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/symbols/NASDAQ-CELH/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>The CELH share has made a revenue of $325.88 Million in Q2 2023, resulting in an advance of +111.6% year-on-year. The gross profit for the company has also advanced by 168.4%, following an advance of 48.7% in gross margin. The Q2 2023 results for the Celsius Holdings company are very good and supportive of the good performance of the company.</p> 
<h2 class="wp-block-heading" id="strong-the-celh-share-technical-analysis-strong"><strong>The CELH Share Technical Analysis</strong></h2>    
<p><a href="https://in.tradingview.com/chart/CELH/PSbnqyIp-a/">a</a> by <a href="https://in.tradingview.com/u/writer11_gsm/">writer11_gsm</a> on <a href="https://in.tradingview.com/">TradingView.com</a></p>  
<p>CELH stock price is following a bullish market structure, advancing from lower levels and making new higher highs trading inside a rising wedge channel. Currently, the price is declining from higher levels and making a bearish candlestick pattern. If the price breaks below the level of $167.00, it may lead to a downtrend in the market.</p> 
<p>The CELH share is trading in an uptrend advancing from lower levels. The price is also trading above the 50-day and the 200-day EMAs. It indicates an uptrend in the market unless the price breaks below the 50-day EMA.</p> 
<p>The RSI is trading in an uptrend, sustaining above the overbought zones for a long time. However, the value of the RSI has recently declined below the 50 level.</p> 
<h3 class="wp-block-heading" id="strong-technical-overview-of-celh-stock-strong"><strong>Technical Overview of CELH Stock</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh3.googleusercontent.com/sDq8aTABBosQtkPVOqgbUmjUKsS_VYkbYVNeW_wRqalBtqkm-G7mdBAaRF0bumscaWMfBzUENRLiFj4_CYwiR3O2LfIskSsMtT7VhHuTRKAEcHlNYkdr5QxLcnLk08LXWXoWqsLcZxt0w8dKjjv_o6Y" alt="Why Is There a Massive Decline In CELH Stock? What To Do Next?">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div> 
<p>The technical indicators, mainly the oscillators are bearish for the stock and the analysts are recommending a buy based on the financial performance of the stock. This represents uncertainty in the market trend of the CELH share.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The <a href="https://www.thecoinrepublic.com/2023/09/14/celh-stock-hit-52-week-high-will-celsius-stock-hold-200/">Celsius Holdings share price</a> is trading in an uptrend, following a rising wedge pattern, and is currently forming a bearish candlestick pattern. It is leading toward the support level of $167.00. The RSI is uncertain and the EMA is acting bullish for the stock.</p> 
<p>Therefore, the price of the share may continue to advance to higher levels on the formation of a bullish candlestick pattern. If the price breaks below $167.00, it can decline to much lower levels as it will result in a change of trend.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li>Support levels for the CELH share are – $135.00 and $167.00</li> 
 <li>Resistance levels for the CELH share are – $ 207.00 and $220.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.</p>

Why Is There a Massive Decline In CELH Stock? What To Do Next?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 21, 2023

Rolling Stone Calls NFTs “Totally Worthless,” Sparks Diverse Community Reaction

Polygon (MATIC) Sees Renewed Optimism Amidst Bearish Market

Crypto Industry Awaits SEC’s Verdict on U.S. Spot Bitcoin ETFs

Iustitia Is Getting Listed on Another Exchange Soon: What You Need To Know

DOGE and X App: Elon’s Vision for a Connected Crypto Future

TEE Token: The New Paradigm in Cryptocurrency Trading

Join our free newsletter for daily crypto updates!