Stock Analysis: Today Best Share to Buy for Long Term Under 100 – Celsius Holdings (CELH)
For investors seeking today best share to buy for long term under 100, Celsius Holdings (CELH) is a compelling option. On Friday, 11 October 2024, Celsius Holdings closed at $32.80, making it an affordable yet promising choice for those looking to invest in a stock with strong growth potential. Let’s break down the technical analysis of Celsius Holdings and explore why this stock stands out as an excellent long-term investment.
CHECKOUT HERE :- Next Good Swing Trade Stocks With Target & Stop Loss
1. Overview of Celsius Holdings (CELH)
Celsius Holdings is a leading company in the health and wellness sector, known for its energy drinks and fitness products. With increasing consumer interest in health-focused beverages, the company has experienced impressive growth, making it one of today best share to buy for long term under 100. The stock’s current technical setup also points to strong future performance.
2. Closing Price: 11 October 2024
On 11 October 2024, Celsius Holdings closed at $32.80. The stock has been trading in a bullish trend for a while, and it is currently testing a key demand zone, making it an attractive buy at this level. Investors looking for long-term opportunities should consider Celsius Holdings as one of today best share to buy for long term under 100.
3. Weekly Time Frame Analysis
When analyzing Celsius Holdings on the weekly time frame, it’s clear that the stock is in a bullish trend, consistently creating higher highs (HH) and higher lows (HL) on the chart. This pattern suggests ongoing upward momentum.
Currently, the weekly candle is testing the March 2023 demand zone around the $30 price level. Based on past performance, this demand zone has acted as strong support, and we expect the stock to bounce towards the upside in the coming weeks. Additionally, a bullish harmonic pattern has completed, further supporting the case for a potential price increase. This pattern is a strong indicator that the stock is poised for a bullish move, making it one of the today best share to buy for long term under 100.
4. Bullish Signals from RSI and Volume
The weekly RSI (Relative Strength Index) is showing that the stock is currently oversold, which means it is likely undervalued and due for a rebound. This oversold condition, combined with the stock’s bullish pattern, suggests a strong upside potential.
Moreover, the stock has experienced ultra-high volume at the demand zone, which indicates significant buying interest from institutional investors and traders. High volume near support levels often leads to bullish price movements, which reinforces the stock’s position as today best share to buy for long term under 100.
5. Daily Time Frame: Gap-Up and Bullish Momentum
On the daily time frame, Celsius Holdings has shown signs of a gap-up, which is a bullish signal indicating that buyers are taking control of the market. This further confirms the bullish momentum we’ve observed on the weekly chart.
The combination of high volume, oversold RSI, and gap-up price action suggests that the stock is primed for a strong move upwards, making Celsius Holdings a solid choice for investors seeking today best share to buy for long term under 100.
6. Unmitigated Supply Zones: Upside Targets
Looking ahead, Celsius Holdings has two key unmitigated supply zones that serve as upside targets:
- First supply zone at $45
- Second supply zone at $56
These supply zones represent resistance levels, but they also offer substantial room for growth. As the stock continues to bounce from the demand zone, we expect Celsius Holdings to test these supply zones in the coming weeks, providing excellent profit potential for long-term investors.
7. Critical Support Level: $24
While Celsius Holdings is showing strong bullish signals, it’s important to monitor the $24 price level. If the stock breaks and closes below $24, the bullish setup would be invalidated, and further downside could be expected. However, as long as the stock remains above this level, the bullish outlook remains intact.
Swing Trade Idea for Celsius Holdings (CELH)
For swing traders, Celsius Holdings offers a well-defined setup with a solid risk-to-reward ratio. Here’s a swing trade idea based on current technical analysis:
- Buy Entry Range: $32.70 – $29.70
- Stop Loss: $25.70
- Target 1: $46
- Target 2: $56.30
This swing trade setup offers a favorable risk-to-reward ratio, with the stop-loss placed just below the $24 support level. The first target of $46 and the second target of $56.30 represent realistic upside potential based on historical price action and the stock’s current momentum.
8. Why Celsius Holdings is Among the Today Best Share to Buy for Long Term Under 100
Celsius Holdings stands out as one of the today best share to buy for long term under 100 for several reasons:
- Strong Demand Zone: The stock is currently testing a key demand zone around $30, which has provided strong support in the past.
- Bullish Trend: The stock has consistently formed higher highs and higher lows, indicating strong upward momentum.
- Oversold RSI and High Volume: The oversold RSI and ultra-high volume at the demand zone signal that the stock is primed for a bullish reversal.
- Gap-Up Confirmation: The daily gap-up reinforces the stock’s bullish outlook and suggests that buyers are driving the price higher.
These factors make Celsius Holdings a top choice for investors looking for today best share to buy for long term under 100 with the potential for both short-term gains and long-term growth.
9. Risk Management and Strategy
While Celsius Holdings presents a strong bullish setup, risk management is crucial. Swing traders should adhere to the stop-loss at $25.70 to protect against potential downside in case the stock fails to hold above the critical $24 level.
For long-term investors, monitoring key support and resistance levels will help manage risk while maximizing potential gains. As the stock approaches its upside targets of $46 and $56.30, adjusting positions or taking partial profits could be a wise strategy.
10. Long-Term Investment Outlook
Celsius Holdings is well-positioned in the rapidly growing health and wellness sector. The increasing demand for healthy energy drinks and wellness products gives the company a strong growth trajectory. For investors looking for today best share to buy for long term under 100, Celsius Holdings offers a solid mix of value and growth potential.
With upside targets of $46 and $56.30, there is significant room for price appreciation over the coming months. Long-term investors can benefit from the company’s expanding market presence and its ability to capitalize on the global health trend.
11. Conclusion: Celsius Holdings is a Strong Buy for Long-Term Investors
Celsius Holdings (CELH) is one of the today best share to buy for long term under 100 due to its strong technical setup, oversold RSI, and bullish price momentum. The stock’s position near a key demand zone, combined with high volume and gap-up price action, makes it a top contender for both swing traders and long-term investors.
With upside targets of $46 and $56.30, Celsius Holdings offers significant growth potential in the coming weeks and months. As long as the stock holds above the $24 level, the bullish outlook remains intact. For those seeking a combination of short-term gains and long-term growth, Celsius Holdings is one of the today best share to buy for long term under 100.
FAQs
1. Is Celsius Holdings a good stock to buy for the long term?
Yes, Celsius Holdings is considered one of the today best share to buy for long term under 100 due to its strong demand zone support, bullish trend, and growth potential in the health and wellness sector.
2. What is the closing price of Celsius Holdings on 11 October 2024?
On 11 October 2024, Celsius Holdings closed at $32.80.
3. What are the upside targets for Celsius Holdings?
The upside targets for Celsius Holdings are $46 and $56.30, with additional resistance at the $56 supply zone.
Read More Information About US Stock Market
Note: Always remember: risk no more than 1% per trade.” Keep trailing your stop loss to secure bigger profits.
Please note this is only an opinion and not financial advice.
To get regular updates on stocks, please join Free our Discord community , Join Our Whatsapp Group
Our Articles on Long-Term Stock Analysis My best read on trading is this Book All Swing Trades Idea’s Here