BEKE Price Prediction Next Week
Technical Analysis: KE Holdings (BEKE) shows a clear upward trend in recent trading sessions, with the stock closing at $20.50 on February 14, 2025. The stock has formed higher lows and higher highs, indicating bullish momentum.
Price Levels and Indicators:
- Support level: $20.17 (recent low)
- Resistance level: $21.035 (recent high)
- Volume has increased significantly to 8.23M shares, showing strong market participation
- VWAP trend shows steady increase from $13.29 to $13.84 in previous sessions
News Impact: Recent news indicates institutional activity, with Appaloosa LP selling off its position in BEKE. This selling pressure might create some short-term volatility but appears to be already priced in given the stock's recent performance.
Price Prediction for Next Week: Based on technical analysis and current momentum:
- Target Price: $21.50
- Stop Loss: $20.00
- Trading Recommendation: BUY
Rationale:
- Strong upward momentum with increasing volume
- Clear break above previous resistance levels
- Technical indicators suggesting continued upward movement
- Post-market activity showing stability at current levels
The stock is likely to test the $21.50 level next week, supported by positive market sentiment and technical strength. Traders should maintain a stop loss at $20.00 to manage risk.
BEKE Similar Chart Price Prediction
The price of BEKE is predicted to go up 3.06%, based on the high correlation periods with AMTX. The similarity of these two price pattern on the periods is 96.75%.
BEKE
AMTX
Up: 3.06%Similarity: 96.75%
BEKE Revenue Forecast
BEKE EPS Forecast
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BEKE VS S&P500
Beike rolls out realtors and stores more effectively in key cities, adding to a more-robust GTV and commission revenue growth.
Beike's core brokerage services will further benefit from a faster-than-expected recovery of China's home demand.
The company's acquisition of home renovation companies would lead to higher earnings growth, given service quality improvement and cost synergy.
BEKE Analyst's Forecast
Jiong Shao
Barclays
Buy
2024-11-25
Price Target
$30 → $33
Upside
+78.52%
Barclays raised the firm's price target on KE Holdings to $33 from $30 and keeps an Overweight rating on the shares. The company's Q3 results were solid with meaningful market share gain, and home transactions in October and November surged post the government pivot around end of September, the analyst tells investors in a research note.
Miranda Zhuang
B of A Securities
Hold
2024-10-09
Price Target
$21 → $24
Upside
+11%
