CAR Price Prediction Next Week
Analysis and Insights
To predict the stock price of Avis Budget Group (CAR) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
- RSI (14-period): 35.89, indicating the stock is in a bearish zone but approaching oversold conditions.
- MACD: The MACD line (-7.30) is below the signal line (-0.68), suggesting bearish momentum.
- Bollinger Bands: The price is below the 20-period moving average, indicating potential undervaluation.
News Sentiment:
Recent news indicates transportation stocks, including CAR, have declined due to economic concerns and tariff fears. CAR fell 7.2% on February 21, 2025, reflecting broader market downturns.
Fibonacci Levels:
- Pivot Point: $63.21
- Resistance Levels: $70.98, $75.78
- Support Levels: $55.43, $50.63
Options Activity:
High volume in put options, particularly the $70 strike expiring April 17, suggests bearish sentiment.
Conclusion:
Based on technical indicators and news sentiment, CAR is expected to trade between $58 and $62 next week. The bearish trend suggests a sell recommendation if the stock tests resistance levels.
CAR Similar Chart Price Prediction
The price of CAR is predicted to go up 0%, based on the high correlation periods with IMAB. The similarity of these two price pattern on the periods is 98.42%.
CAR
IMAB
Up: 0%Similarity: 98.42%
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CAR Analyst's Forecast
John Healy
Northcoast Research
Strong Buy → Hold
2024-11-18
Price Target
n/a
Downside
0%
Northcoast downgraded Avis Budget to Neutral from Buy.
Chris Woronka
Deutsche Bank
Strong Buy
2024-11-05
Price Target
$145 → $143
Upside
+62.46%
Dan Levy
Barclays
Hold
2024-09-19
Price Target
$105
Upside
+20.37%
