CMS Price Prediction Next Week
Based on the provided data and technical analysis, here is the prediction for CMS Energy's stock price for the next trading week:
Technical Analysis:
- RSI-14 at 58.08 indicates neutral momentum with slight bullish bias
- Stochastic RSI (14,14,3,3) at 87.56 suggests overbought conditions
- MACD is positive (0.70) with positive histogram (0.32), indicating bullish momentum
- Price is trading above all major moving averages (5,10,20,60,200,250), suggesting strong uptrend
News Sentiment & Recent Events:
- Company raised 2025 EPS guidance to $3.54-$3.60
- Announced $20B investment plan through 2029 targeting reliability improvements and renewable energy expansion
- Increased annual dividend by 11 cents to $2.17 per share
- Q4 2024 showed lower profit due to higher operating costs and interest expenses
Price Prediction for Next Week:
- Support levels: $67.85 (Fibonacci pivot), $66.00 (Fibonacci S1)
- Resistance levels: $69.71 (Fibonacci R1), $70.86 (Fibonacci R2)
Target Price Range: $68.50 - $70.00
Recommendation: HOLD
- Current price ($68.81) is near technical support levels
- Overbought conditions suggest limited upside potential
- Strong fundamentals but higher operating costs may pressure short-term performance
- Wait for pullback to $67.85-$68.00 range before considering new positions
CMS Similar Chart Price Prediction
The price of CMS is predicted to go up -10.33%, based on the high correlation periods with NATR. The similarity of these two price pattern on the periods is 93.9%.
CMS
NATR
Down: -10.33%Similarity: 93.9%
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CMS VS S&P500
Utility regulation in Michigan has improved since landmark reforms in 2008 and 2016. Support from policymakers and regulators is critical to realizing earnings and dividend growth.
CMS' focus on investment in its rate-regulated utilities has led to a healthier balance sheet and more reliable cash flow.
CMS' board has more than doubled the dividend since 2011. We expect 6% annual dividend increases going forward, slightly below our earnings growth rate outlook.
CMS Analyst's Forecast
Stephen Byrd
Morgan Stanley
Hold
2024-11-22
Price Target
$69 → $67
Downside
-3.62%
Morgan Stanley lowered the firm's price target on CMS Energy to $67 from $69 and keeps an Equal Weight rating on the shares. Utilities underperformed the S&P's -0.91% return in October, leading the firm to adjust the price targets of several stocks in its North America Regulated & Diversified Utilities / IPPs coverage, the analyst tells investors. From recent meetings at the EEI Financial Conference, the firm came away incrementally negative on California, given its increased regulatory and political risk as well as its relatively limited data center growth.
Neil Kalton
Wells Fargo
Buy
2024-10-16
Price Target
$70 → $77
Upside
+8.21%
Nicholas Campanella
Barclays
Hold
2024-10-15
Price Target
$65 → $68
Downside
-3.26%
