CLMT Price Prediction Next Week
Analysis and Insights
To predict the stock price of Calumet Specialty Products Partners (CLMT) for the next trading week, we analyze both news sentiment and technical indicators.
News Sentiment Analysis:
Analyst Upgrades and Price Targets:
- UBS upgraded CLMT from Sell to Neutral with a price target of $12, reflecting better alignment of the stock price with earnings risks and cash flow challenges.
- Goldman Sachs maintained a Buy rating but lowered the price target to $17 from $21, citing updates related to the MaxSAF expansion and Q4 earnings.
Market Sentiment:
- The stock has declined 45% year-to-date due to policy changes and market reassessment of risks.
- Recent sell-off is considered overdone by Goldman Sachs, indicating potential buying opportunities.
Technical Analysis:
Price Trends:
- Current price: $12.67 (as of 2025-03-24).
- Fibonacci levels suggest resistance at $13.28 and support at $10.68.
Technical Indicators:
- RSI (6, 12, 14): 48.28, 42.92, 41.88, indicating the stock is not in oversold territory.
- MACD: Slightly negative but showing signs of potential bullish crossover.
Volume and Price Action:
- Volume has decreased over the past few trading sessions, suggesting reduced selling pressure.
- Recent price action shows a potential reversal pattern, with the stock bouncing off the lower Fibonacci support level.
Price Prediction and Recommendation:
Based on the analysis, CLMT is expected to reach $13.20 in the next trading week. The stock is likely to test the Fibonacci resistance level at $13.28, driven by potential oversold conditions and positive analyst sentiment.
Recommendation: Buy CLMT with a target price of $13.20. Consider setting a stop-loss below $12 to manage risk.
CLMT Similar Chart Price Prediction
The price of CLMT is predicted to go up 25.79%, based on the high correlation periods with PAR. The similarity of these two price pattern on the periods is 98.71%.
CLMT
PAR
Up: 25.79%Similarity: 98.71%
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CLMT Analyst's Forecast
Manav Gupta
UBS
Strong Sell → Hold
2025-03-17
Price Target
$15 → $12
Downside
-9.02%
UBS analyst Manav Gupta upgraded Calumet to Neutral from Sell with a price target of $12, down from $15. The firm believes the current stock price better reflects the company's downside earnings risk as well as its weaker organic free cash flow generation ability. The stock is down 45% year-to-date, as the market now better understands the risk associated with the policy going from Blender's tax credit to production tax credit, the analyst tells investors in a research note.
Jason Gabelman
TD Cowen
Strong Buy
2024-11-11
Price Target
$27 → $26
Upside
+17.33%
Roger Read
Wells Fargo
Buy
2024-10-21
Price Target
$25 → $29
Upside
+37.12%
