CENX Price Prediction Next Week
Analysis and Insights
News Impact:
Century Aluminum Co. (CENX) has shown strong performance recently, with a 9.7% increase on Tuesday. The U.S. tariffs on steel and aluminum imports, effective March 12, have positively impacted domestic producers. Century Aluminum's CEO, Jesse Gary, expressed optimism, stating the tariffs will enable increased production and investment.
Technical Indicators:
- RSI (14): 54.12, indicating the stock is not overbought.
- MACD: Slightly positive, suggesting mild upward momentum.
- Fibonacci Levels: Pivot at $18.74, resistance at $20.42 and $21.46, and support at $16.03.
Price Action:
The stock closed at $20.08 on March 18, above the Fibonacci pivot, signaling bullish sentiment. Volume has been increasing, supporting the upward trend.
Conclusion:
Given the positive news and bullish technical indicators, CENX is expected to rise next week. The target price is approximately $21.50, with support at $18.74.
Recommendation: Buy CENX.
CENX Similar Chart Price Prediction
The price of CENX is predicted to go up 3.51%, based on the high correlation periods with LIN. The similarity of these two price pattern on the periods is 94.23%.
CENX
LIN
Up: 3.51%Similarity: 94.23%
CENX Revenue Forecast
CENX EPS Forecast
CENX FAQs
What is CENX revenue forecast for next quarter？
What is CENX eps forecast for next quarter？
CENX Analyst's Forecast
Katja Jancic
BMO Capital
Hold → Buy
2025-02-24
Price Target
$22
Upside
+18.6%
BMO Capital analyst Katja Jancic upgraded Century Aluminum to Outperform from Market Perform with an unchanged price target of $22. Century's valuation is "compelling" following the recent selloff, the analyst tells investors in a research note. The firm says the market is underappreciating the potential benefit from "currently healthy" Midwest Premium and aluminum price, Century's Hawesville optionality, and the increasing potential for shareholder returns. BMO points out the company's profitability profile has improved with the acquisition of 55% of the Jamalco refinery and from the 45X credit.
Timna Tanners
Wolfe Research
Hold → Buy
2024-12-03
Price Target
n/a
Downside
0%
Katja Jancic
BMO Capital
Hold
2024-11-05
Price Target
$16 → $18
Downside
-14.08%
