CBZ Price Prediction Next Week
Technical Analysis Based on recent price action, CBZ has shown strong bullish momentum, reaching $84.02 at market close on February 24, 2025. The stock has formed an upward channel pattern with higher highs and higher lows.
Key technical levels:
- Support: $83.03 (recent low)
- Resistance: $84.51 (recent high)
- VWAP: $75.35 (showing significant upward movement)
News Impact A significant leadership change was announced with Brad Lakhia becoming the new CFO effective March 17, 2025, succeeding Ware Grove after his 24-year tenure. Lakhia brings nearly 30 years of finance experience from OPENLANE and Goodyear Tire & Rubber Company. This transition appears well-planned and should provide stability.
Price Prediction for Next Week Based on technical indicators and news sentiment:
Target Scenarios:
- Bullish Case (60% probability): $85.50-86.00
- Base Case (30% probability): $83.50-84.50
- Bearish Case (10% probability): $82.00-83.00
Trading Recommendation BUY with entry at current levels ($84.02)
- Set stop loss at $82.80 (below recent support)
- First target: $85.50
- Second target: $86.00
Rationale:
- Strong upward momentum with increasing volume
- Positive sentiment from planned CFO transition
- Technical indicators showing bullish continuation pattern
- Price trading above key moving averages
CBZ Similar Chart Price Prediction
The price of CBZ is predicted to go up -10.23%, based on the high correlation periods with TWST. The similarity of these two price pattern on the periods is 95.96%.
CBZ
TWST
Down: -10.23%Similarity: 95.96%
