Stock Price Prediction

Based on the provided data and technical analysis, here is the price prediction for CPNG for the next trading week:

Technical Analysis

The stock is currently trading at $22.51 with RSI at 49.45, indicating a neutral momentum. The stock is trading below its 60-day SMA of $23.74, suggesting some bearish pressure in the medium term. The MACD is at -0.32, showing a slight bearish signal.

Fibonacci Analysis Key Fibonacci levels for CPNG:

• Resistance 3: $23.72
• Resistance 2: $23.07
• Resistance 1: $22.68
• Pivot: $22.03
• Support 1: $21.39
• Support 2: $20.99
• Support 3: $20.35

News Sentiment Recent positive catalysts include:

• Morgan Stanley included CPNG in their top 20 AI-driven stocks list, highlighting the company's potential to benefit from AI adoption
• Strong Q3 2024 performance with $7.9 billion in net revenues (+27% YoY) and improved profitability
• Wall Street analysts maintain a bullish stance with a 41% upside potential from current levels

Price Prediction for Next Week Based on technical indicators and news sentiment:

• Most Likely Scenario (60% probability): Stock will test Resistance 1 at $22.68 and potentially break through to $23.07
• Bullish Scenario (25% probability): Break above $23.07 to test $23.72
• Bearish Scenario (15% probability): Pull back to support at $21.39

Trading Recommendation: BUY Entry point: Current price ($22.51) Target: $23.07 (+2.5%) Stop loss: $21.39 (-5%)

The positive analyst sentiment, inclusion in Morgan Stanley's AI stocks list, and strong fundamental performance support a bullish outlook despite some technical weakness. The risk-reward ratio appears favorable for a long position with clearly defined support levels.