CALM Price Prediction Next Week
Technical Analysis
Based on recent price action, CALM shows a downward trend with significant volatility. The stock has formed lower highs and lower lows over the past week, with the latest closing price at $55.18 on February 23rd.
News Impact Recent news indicates significant factors affecting CALM's price:
- Egg prices surged 15.2% in January, marking the highest increase since June 2015
- USDA predicts potential 45% cost increase in 2025 due to rising bird flu cases
- Cal-Maine Foods has consistently beaten analyst estimates for earnings and revenue in four consecutive quarters
Price Prediction for Next Week Based on technical indicators and news sentiment:
Target Prices:
- Support level: $53.80
- Resistance level: $57.70
- Most likely trading range: $54.50-$56.50
The stock is likely to experience continued volatility due to:
- Ongoing bird flu concerns affecting supply
- Strong fundamental performance
- Rising egg prices benefiting revenue
Trading Recommendation SELL with target entry at $56.00
- Set stop loss at $57.90
- First profit target: $54.50
- Second profit target: $53.80
Rationale:
- Technical indicators suggest overbought conditions
- Price showing weakness below recent highs
- Short-term downward momentum likely to continue despite positive fundamental factors
CALM Similar Chart Price Prediction
The price of CALM is predicted to go up -0.75%, based on the high correlation periods with INTT. The similarity of these two price pattern on the periods is 96.22%.
CALM
INTT
Down: -0.75%Similarity: 96.22%
