monday.com Ltd.

MNDY closed the week at $93.13 with every short-term moving average in ascending order — close above SMA5 $90.97, above SMA20 $83.47, above SMA60 $80.01 — and a MACD golden cross dated Jul 28, 2026 behind it. That alignment is real, but it is forming inside the wreckage of a year-long decline: the stock is 64.7% below its $264.00 52-week high, Mansfield RS reads −33.47% against the Nasdaq Composite, and the two-year anchored VWAP sits 20.9% overhead at $112.60. ADX at 16.7 confirms what that combination implies — this is a range being repaired, not a trend being ridden. The sections below read the alignment and the downtrend against each other rather than choosing one.

Snapshot as of the August 7, 2026 close · values taken from the chart data file

① Price & Moving Averages

The moving-average stack is the textbook ascending configuration a trend screen looks for: close $93.13 above SMA5 $90.97 above SMA20 $83.47 above SMA60 $80.01. What that stack sits inside matters just as much. The two-year Fibonacci grid is anchored on the Jan 26 high of $130.06 and the Feb 13 low of $72.38, and its levels are resistance on the way back up: the 23.6% line at $85.99 has been cleared, the 38.2% line at $94.41 sits immediately overhead, then $101.22 at 50% and $108.03 at 61.8%. Note that the grid's anchor low is not the bottom — the 52-week low of $57.50 was printed later, so this is the retracement of one detected leg, not of the whole decline. The 90-day grid runs the other way, anchored on the Jul 23 low of $71.74 and the Aug 4 high of $93.80, giving support at $88.59, $85.37 and $82.77. The two anchored VWAPs tell the whole story in two numbers: the 90-day anchor sits at $80.06 below price, while the two-year anchor from Aug 11, 2025 sits at $112.60, 20.9% above it — recent buyers are ahead, everyone from a year ago is not.

② Volume

Last-session volume was 2,470,600 shares against a 20-day average of 1,657,170 — a ratio of 1.49×. That is meaningful participation but not a spike; the panel reserves its highlight colour for sessions at twice the average, and this one does not qualify. It is enough to keep the usual beginner trap at bay — a move on below-average volume would be the unconfirmed kind — without being the kind of turnover that marks a regime change. Liquidity itself is not a concern here: an average of roughly 1.66 million shares in a stock trading in the $80s and $90s is a deep enough book that spread and slippage are ordinary costs rather than a structural risk. The one detail worth carrying forward is that this above-average session was also a gap session, which the price panel records as an unfilled support gap between $88.13 and $91.30 dated Aug 7 — the chart data records the gap but says nothing about what caused it.

③ MACD

MACD reads 3.5435 with the signal line at 2.5394 and a histogram of +1.0041, from a golden cross dated Jul 28, 2026. Both lines are above zero, so this is momentum re-accelerating inside positive territory rather than the deep below-zero cross that marks an early turn off a bottom. The qualification is written on the 90-day panel itself: this is the fourth cross in the window, with golden and dead crosses alternating through April, June and July as price rotated inside the base. In a ranging stock a MACD cross is a description of the last two weeks, not a forecast of the next two, and the histogram's height here is a function of how fast price came off the Jul 23 low rather than evidence of a durable trend.

④ RSI

RSI(14) is 61.80 on the two-year series and 61.82 on the 90-day — in the upper half, clearly short of the 70 overbought line, with no divergence flagged in the data on either timeframe. That is a constructive but unremarkable reading: there is room before momentum becomes stretched, and nothing in the oscillator argues that the current advance is exhausted. The 90-day panel shows only one visit to the overbought zone in the whole window, in early June, and price rolled over from it into the July low. On the two-year panel the oscillator spent the first quarter of 2026 repeatedly in the oversold zone, which is the shape of a decline finding a floor — worth remembering as context, but a bottoming signal is not a buy signal.

⑤ Mansfield Relative Strength

This is the number that keeps the page honest. Mansfield RS is −33.47% versus the Nasdaq Composite — deep in the underperform zone — with a rising slope. A week ago it read −36.59 and a month ago −48.10, so the change is +3.12 on the week and +14.63 on the month. In negative territory, a positive change is improvement toward zero, not acceleration: the gap to the index is closing quickly, but the stock is still losing to it. The two-year panel makes the scale of the repair visible — RS traded above zero through mid-2025, collapsed into deeply negative territory after the August 2025 breakdown, bottomed early in 2026 and has been climbing since. Improvement of this speed is exactly what a genuine base looks like from the relative-strength side; it becomes leadership only when the line crosses zero, and it has roughly 33 points to travel before it does.

⑥ ATR & ADX

ATR(14) is $5.59, or 6.00% of the $93.13 close, and the 90-day panel shows it turning back up through the recent advance. A stock that routinely covers six percent in a session can travel from the close to the 38.2% retracement at $94.41 and back inside a single day without any of it meaning anything, which is why the invalidation references are set where they are: $87.54 at 1× ATR and $81.96 at 2× ATR, the latter 12.0% below the close. ADX is 16.75 on the two-year series and 17.01 on the 90-day, both under the 20 line and firmly in ranging territory. ADX measures strength, not direction — a low reading alongside an ascending moving-average stack says the stack has been assembled by a drift inside a range, not by the sustained directional pressure that carries a swing.

⑦ On-Balance Volume

Both timeframes point the same way and disagree only in degree, so both belong on the page. On the 90-day series OBV is −2,804,200 against a 20-day average of −5,917,190 — above its average, rising, tagged accumulation, a divergence of +52.61%. On the two-year series OBV is −50,807,800 against an average of −53,920,790: also above its average and tagged early accumulation, but with a flat slope and a divergence of only +5.77%. The pattern is consistent with the rest of the page — recent buying pressure is real and improving, while the two-year cumulative line remains deeply negative, the legacy of the distribution that followed the August 2025 breakdown. Accumulation off a very low base is repair; it is not the same thing as demand overwhelming supply.

Bull Case vs Bear Case

Scenarios

Key Levels nearest to price first, descending

What to Watch

• The $94.41 shelf. The 38.2% retracement is the first real overhead level. A daily close through it on volume above the 1,657,170 average is the difference between an advance and a range high.
• The Aug 7 gap. Whether $88.13–$91.30 stays unfilled. Gaps that hold act as a floor; a fill followed by a close underneath is the first structural crack in the four-month base.
• Relative strength crossing zero. Mansfield RS has travelled +14.63 points in a month and still sits at −33.47%. The distinction between repair and leadership is the zero line, not the slope.
• ADX turning up. A move from 16.7 through 20 toward 25 would be the first measured evidence that the moving-average stack reflects a trend rather than a drift.
• The $112.60 anchored VWAP. The two-year anchor from Aug 11, 2025 marks where a year of underwater buyers sit; any approach to it is where supply should be expected to reappear.

Conclusion

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