CCK Price Prediction Next Week
Technical Analysis: Crown Holdings (CCK) shows mixed technical signals. RSI-14 at 49.86 indicates neutral momentum, while MACD (0.65) remains slightly bullish despite a small negative histogram (-0.05). The stock is trading above all major moving averages (SMA 20: 87.96, SMA 60: 86.66), suggesting an overall upward trend.
Price Levels: Based on Fibonacci analysis:
- Resistance levels: R1 at 89.40, R2 at 90.15, R3 at 91.37
- Support levels: S1 at 86.96, S2 at 86.21, S3 at 84.99
- Pivot point: 88.18
News Impact:
- Recent positive fundamental analysis from Validea shows CCK receiving a 100% rating based on Meb Faber's Shareholder Yield strategy
- RBC Capital maintains a Buy rating with a price target of $115, suggesting significant upside potential
Price Prediction for Next Week: Based on technical indicators and recent price action:
- Bullish scenario (60% probability): Price likely to test R1 at 89.40
- Base scenario (30% probability): Consolidation between 86.96-88.18
- Bearish scenario (10% probability): Drop to S2 at 86.21
Trading Recommendation: BUY CCK with:
- Entry point: Current market price (~87.50)
- Target: 89.40 (R1 level)
- Stop loss: 86.21 (S2 level)
- Expected timeframe: 5-7 trading days
The stock shows strong fundamentals with positive technical setup, suggesting a favorable risk-reward ratio for a long position targeting the first resistance level.
CCK Similar Chart Price Prediction
The price of CCK is predicted to go up 0%, based on the high correlation periods with GLDD. The similarity of these two price pattern on the periods is 96.3%.
CCK
GLDD
Up: 0%Similarity: 96.3%
CCK Revenue Forecast
CCK EPS Forecast
CCK FAQs
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CCK VS S&P500
Aluminum cans are an eco-friendly beverage packaging that's preferred over plastic. A global shift to renewable products will provide a strong tailwind for beverage can growth.
Crown's interest in emerging markets will provide an avenue for growth outside developed markets.
The transit packaging business reduces Crown's reliance on beverage and food containers while offering alternative growth prospects.
CCK Analyst's Forecast
Michael Leithead
Barclays
Buy
2025-02-10
Price Target
$112 → $109
Upside
+23.51%
Barclays lowered the firm's price target on Crown Holdings to $109 from $112 and keeps an Overweight rating on the shares post the Q4 report. The company has reported four straight beats on share gains and margin execution, and its "reasonable" fiscal 2025 guidance should continue to support the bull thesis, the analyst tells investors in a research note.
Gabe Hajde
Wells Fargo
Hold
2025-01-16
Price Target
$88 → $86
Upside
+0.92%
Pamela Kaufman
Morgan Stanley
Hold → Buy
2025-01-13
Price Target
$109 → $105
Upside
+27.53%
