Technical Analysis
Recent price action shows COMP trading at $9.01, down 4.66% in the latest session . The stock has formed a bearish reversal pattern after reaching a local high of $9.74.
Key Technical Levels
- Fibonacci levels indicate:
- Resistance: $9.95 (R1), $10.61 (R2)
- Support: $7.80 (S1), $7.14 (S2)
- Moving averages show bullish trend:
- SMA 5: $9.16
- SMA 20: $8.17
- SMA 200: $5.64
Momentum Indicators
- RSI (14) at 61.61 indicates neutral momentum
- MACD shows positive trend with value at 0.67
- Stochastic RSI suggests potential pullback with K(14) at 67.21
News Analysis
Recent positive catalysts:
- Barclays raised price target to $9 from $7
- Strong Q4 earnings with revenue up 25.9% to $1.38 billion
- Market share improved to 5.06%, highest year-over-year increase in three years
Price Prediction (Next Week)
Based on technical analysis and recent news:
- Bearish scenario (60% probability): Drop to $8.17 (20-day SMA)
- Neutral scenario (30% probability): Consolidation between $8.80-$9.20
- Bullish scenario (10% probability): Rebound to $9.95 (R1)
Recommendation: SELL
- Current price shows weakness after hitting resistance
- Technical indicators suggest downward pressure
- Take profit target: $8.17
- Stop loss: $9.74 (recent high)
Technical Analysis
Recent price action shows COMP trading at $9.01, down 4.66% in the latest session . The stock has formed a bearish reversal pattern after reaching a local high of $9.74.
Key Technical Levels
- Fibonacci levels indicate:
- Resistance: $9.95 (R1), $10.61 (R2)
- Support: $7.80 (S1), $7.14 (S2)
- Moving averages show bullish trend:
- SMA 5: $9.16
- SMA 20: $8.17
- SMA 200: $5.64
Momentum Indicators
- RSI (14) at 61.61 indicates neutral momentum
- MACD shows positive trend with value at 0.67
- Stochastic RSI suggests potential pullback with K(14) at 67.21
News Analysis
Recent positive catalysts:
- Barclays raised price target to $9 from $7
- Strong Q4 earnings with revenue up 25.9% to $1.38 billion
- Market share improved to 5.06%, highest year-over-year increase in three years
Price Prediction (Next Week)
Based on technical analysis and recent news:
- Bearish scenario (60% probability): Drop to $8.17 (20-day SMA)
- Neutral scenario (30% probability): Consolidation between $8.80-$9.20
- Bullish scenario (10% probability): Rebound to $9.95 (R1)
Recommendation: SELL
- Current price shows weakness after hitting resistance
- Technical indicators suggest downward pressure
- Take profit target: $8.17
- Stop loss: $9.74 (recent high)