CCS Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
Century Communities (CCS) has recently been added to the Zacks Rank #5 (Strong Sell) list due to significant downward revisions in earnings estimates over the past 60 days. This downgrade reflects weakening market sentiment and potential challenges in the homebuilding sector. Additionally, while the company has increased its dividend payout, concerns about the sustainability of these payments due to negative free cash flows have been raised.
Technical Analysis:
The stock is currently trading below its 20, 50, and 200-day moving averages, indicating bearish momentum. The RSI (14) is at 39.09, suggesting the stock is in oversold territory but has yet to show signs of a significant reversal. The MACD is also negative, further confirming the bearish trend.
Fibonacci Levels:
The Fibonacci support and resistance levels indicate that the stock is currently testing the lower end of its support range. The key support level is at 67.50, while resistance is at 72.59.
Price Prediction:
Based on the current technical indicators and news sentiment, CCS is expected to face downward pressure in the next trading week. The stock is likely to test the lower Fibonacci support level of 67.50, with a potential price target of $65.00.
Recommendation:
Sell CCS stock as the combination of negative news sentiment, bearish technical indicators, and weak sector performance suggests a continued downward trend in the short term.
CCS Similar Chart Price Prediction
The price of CCS is predicted to go up -0.7%, based on the high correlation periods with IRTC. The similarity of these two price pattern on the periods is 94.27%.
CCS
IRTC
Down: -0.7%Similarity: 94.27%
CCS Revenue Forecast
CCS EPS Forecast
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CCS Analyst's Forecast
Michael Rehaut
JP Morgan
Sell → Hold
2024-12-13
Price Target
$110 → $97
Upside
+17.52%
JPMorgan analyst Michael Rehaut upgraded Century Communities to Neutral from Underweight with a price target of $97, down from $110. After maintaining a positive homebuilder sector stance over the past two years, the firm is shifting to a "more cautious, less constructive approach" for 2025. JPMorgan anticipates a "significantly" less supportive demand/supply industry backdrop, saying builder fundamentals will likely feature margin and return on equity contraction during the upcoming year. Ina addition, stock valuations remain full, the analyst tells investors in a research note. The firm adjusted ratings as part of its 2025 outlook. Several key demand drivers for housing - specifically, rates, employment growth and affordability - are not expected to improve significantly in 2025, it contends.
Jay McCanless
Wedbush
Hold
2024-10-24
Price Target
$90 → $96
Upside
+2.26%
Alex Rygiel
B. Riley Securities
Strong Buy
2024-10-24
Price Target
$113 → $119
Upside
+26.76%
