This Energy Drink Stock Could See Big January Returns

The shares rose nearly 40% in 2022

Digital Content Manager
Jan 3, 2023 at 12:42 PM
facebook X logo linkedin

While much of the market is coming off a dismal year, one stock in particular was able to buck that trend: Celsius Holdings, Inc. (NASDAQ:CELH). In fact, the security added nearly 40% in 2022 and managed to nab multiple record highs throughout the year. The equity is cooling from its latest peak of $122.24, touched in mid-December, though there's evidence that there could be even more impressive trading to come in 2023. 

This is because CELH just pulled back to its 120-day moving average on the charts. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, the energy drink stock tends to realize impressive returns after these pullbacks. This data shows six similar signals in the past three years. One month after 83% of these signals, CELH was positive, averaging an impressive 22.7% return. A similar move from its current perch would put the equity right back below its December high at $121.17. 

celh jan 3

It's also worth noting that CELH is right on the cusp of "oversold" territory, which could mean a short-term bounce is on its way. This is because the stock sports a 14-day Relative Strength Index (RSI) of 32.

An unwinding of pessimism among options traders could provide additional tailwinds. The equity sports a Schaeffer's put/call open interest ratio (SOIR) of 1.15, which stands above 95% of readings from the past year. In other words, short-term options players have rarely been more put-biased. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI