CELH boasts short squeeze potential and long-term support
Energy drink stock Celsius Holdings Inc (NASDAQ:CELH) is 0.1% higher to trade at $51.41 at last check, and has already added 12.5% so far in 2026. This rally has CELH clearing a trendline with historically bullish implications, if past is precedent.
The trendline in question is the stock's 80-day moving average. Per Schaeffer's Senior Quantitative Analyst Rocky White, going back three years, this “crossover” event has occurred 15 times, after which CELH was higher one month later 53% of the time, averaging an 8.2% gain. From its current perch, a move of similar magnitude would have the shares nearly filling their 24.8% post-earnings drawdown from Nov. 6.
On the charts, Celsius stock's 320-day moving average contained pullbacks to $39 to end the year. Longer term, the equity is 77.4% higher in the last 12 months. Short covering could add fuel to the fire. Short interest is up 20.2% in the two most recent reporting periods, and the 19.35 million shares sold short currently represent 11.8% of the stock’s available float.
When weighing in on CELH's next move, options look like an affordable way to go. Options traders are pricing in low volatility expectations, per its Schaeffer's Volatility Index (SVI) of 48%, which ranks in the low 13th percentile of its annual range.