Stock Price Prediction

Technical Analysis: BYD's stock shows strong momentum with RSI-14 at 66.40, indicating bullish sentiment without being overbought. The stock is trading above all major moving averages (SMA 5, 10, 20, 60, 200), suggesting a robust uptrend.

Price Levels and Support/Resistance:

• Current Price: $79.38
• Fibonacci Resistance Levels:
  • R1: $79.79
  • R2: $80.85
  • R3: $82.56
• Support Levels:
  • S1: $76.38
  • S2: $75.32
  • S3: $73.62

News Impact:

• Positive catalyst: BYD is set to revolutionize with affordable self-driving technology, which could drive stock momentum higher
• Recent insider selling: COO sold 31.1% of holdings, indicating potential caution
• Mixed institutional sentiment with 164 institutions increasing positions while 177 decreased

Price Prediction for Next Week: Based on technical indicators and news sentiment:

• Base case (60% probability): $80.50-81.50
• Bullish case (25% probability): $82.00-83.00
• Bearish case (15% probability): $77.50-78.50

Trading Recommendation: BUY with entry point at current levels ($79.38) with initial target at $81.00. Set stop loss at $77.50 (below S1 support).

Rationale:

• Strong technical setup with price above all major moving averages
• Positive catalyst from upcoming self-driving technology announcement
• Fibonacci levels suggest more upside potential
• MACD showing positive momentum (MACD: 1.22, Signal: 1.14)