Positive Developments: BWXT has been highlighted as having significant upside potential, with analysts targeting a price of $136.75, representing a 34.73% increase from its current price of $101.50. This suggests strong confidence in the company's future prospects.
Insider Activity: The CEO recently sold 29,882 shares, which may indicate a lack of confidence in short-term growth. However, institutional investors have shown mixed sentiment, with 300 increasing their positions and 260 decreasing theirs.
Industry Outlook: Jim Cramer has expressed skepticism about the nuclear power sector, stating that new developments may not materialize until 2033. He ranks BWXT 6th on his list of stocks, preferring AI stocks for better returns.
Price Trends: BWXT is currently trading at $98.38, near its Fibonacci support level of $97.59. The stock is below its 20, 50, and 200-day moving averages, indicating a bearish trend.
Momentum Indicators: The RSI is at 35.05, suggesting the stock is oversold and may be due for a rebound. The MACD is negative, confirming the bearish momentum.
Fibonacci Levels:
Given the oversold condition and proximity to the Fibonacci support level, BWXT may experience a short-term rebound. However, the overall bearish trend suggests limited upside potential.
Predicted Price for Next Trading Week: $107.01
Recommendation: Sell at resistance level of $107.01 if reached, as the broader trend remains bearish.
The price of BWXT is predicted to go up 2.52%, based on the high correlation periods with CW. The similarity of these two price pattern on the periods is 96.54%.
BWXT
CW
Truist Securities
2025-01-14
Price Target
$106 → $114
Upside
+1.69%
Maxim Group
2025-01-10
Price Target
$138 → $140
Upside
+22.11%
Alembic Global
2024-11-12
Price Target
$148
Upside
+16.64%