ACDC Price Prediction Next Week
Analysis and Insights
To predict the stock price of ProFrac Holding Corp. (ACDC) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
The stock is currently trading at $8.2, with key resistance levels at $8.13 (Fibonacci R1) and $8.45 (Fibonacci R2). Support levels are at $7.08 (Fibonacci S1) and $6.76 (Fibonacci S2). The RSI (6) is at 79.53, indicating overbought conditions, while the MACD shows a bullish signal but with weakening momentum.
News Sentiment and Fundamental Analysis:
Recent earnings reports show missed revenue expectations and a net loss, with JP Morgan cutting their earnings forecast and maintaining an Underweight rating with a $7 price target. The stock has underperformed the market year-to-date, with a 9.2% decline.
Analyst Sentiment:
Analysts have revised their estimates downward, with a Zacks Rank #4 (Sell), indicating a bearish outlook.
Conclusion:
Based on the overbought RSI, resistance levels, and bearish news, the stock is expected to decline. The target price for the next trading week is $7.00.
Recommendation: Sell or avoid ACDC stock until positive catalysts emerge.
ACDC Similar Chart Price Prediction
The price of ACDC is predicted to go up -11.13%, based on the high correlation periods with LSCC. The similarity of these two price pattern on the periods is 94.71%.
ACDC
LSCC
Down: -11.13%Similarity: 94.71%
ACDC Revenue Forecast
ACDC EPS Forecast
ACDC FAQs
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ACDC Analyst's Forecast
Stephen Gengaro
Stifel
Hold
2025-03-10
Price Target
$6 → $7
Downside
-5.15%
Stifel analyst Stephen Gengaro raised the firm's price target on ProFrac Holding to $7 from $6 and keeps a Hold rating on the shares. Although activity is likely to rises off Q4 seasonal weakness, the firm believes frac pricing headwinds will limit the near-term earnings upside, the analyst tells investors. Looking into the second half and 2026, the combination of better gas prices and rising LNG export capacity will likely bolster ProFrac's profitability, the analyst added.
Stephen Gengaro
Stifel
Hold
2025-01-06
Price Target
$7 → $6
Downside
-23.22%
Arun Jayaram
JP Morgan
Hold → Sell
2024-12-06
Price Target
$7
Downside
-4.04%
