Why NASDAQ:MNDY qualifies as a high growth stock.

MONDAY.COM LTD (NASDAQ:MNDY) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NASDAQ:MNDY.

What is the technical picture of NASDAQ:MNDY telling us.

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

Taking everything into account, MNDY scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MNDY has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, MNDY did better than 95% of all other stocks. On top of that, MNDY also shows a nice and consistent pattern of rising prices.
• MNDY is one of the better performing stocks in the Software industry, it outperforms 90% of 283 stocks in the same industry.
• A new 52 week high is currently being made by MNDY, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
• In the last month MNDY has a been trading in the 254.33 - 285.84 range, which is quite wide. It is currently trading near the high of this range.

For an up to date full technical analysis you can check the technical report of MNDY

Why is NASDAQ:MNDY a setup?

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NASDAQ:MNDY is 8:

Besides having an excellent technical rating, MNDY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 282.62. Right above this resistance zone may be a good entry point.

What matters for high growth investors.

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), MONDAY.COM LTD highlights its ability to generate increasing profitability, showcasing a 129.0% growth.
• MONDAY.COM LTD has experienced 34.4% q2q revenue growth, indicating a significant sales increase.
• With notable 1-year revenue growth of 35.21%, MONDAY.COM LTD exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• MONDAY.COM LTD has seen a 10.69% change in the average next Quarter EPS Estimate by analysts over the last 3 months, signaling the shifting perception of the company's EPS outlook.
• In the most recent financial report, MONDAY.COM LTD reported a 129.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• With positive growth in its operating margin over the past year, MONDAY.COM LTD showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• With positive growth in its free cash flow (FCF) over the past year, MONDAY.COM LTD showcases its ability to generate strong cash flows and maintain a solid financial position. This growth reflects the company's efficient utilization of capital and its commitment to long-term value creation.
• With a current Debt-to-Equity ratio at 0.0, MONDAY.COM LTD showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• With 78.0% of the total shares held by institutional investors, MONDAY.COM LTD showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.
• MONDAY.COM LTD has consistently surpassed EPS estimates in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.
• MONDAY.COM LTD has achieved an impressive Relative Strength (RS) rating of 95.49, showcasing its ability to outperform the broader market. This strong performance positions MONDAY.COM LTD as an attractive stock for potential price appreciation.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.