Stock Price Prediction

Technical Analysis: Based on the latest technical indicators for CRUS, the stock shows mixed signals:

• RSI (14) at 58.31 indicates neutral momentum
• MACD (12,26,9) is positive at 2.19 with rising histogram
• Stochastic (14,3,3) at 85.75 suggests overbought conditions
• Price is trading above key SMAs (5,10,20,60) indicating bullish trend

Price Forecast for Next Week: Current price: $109.07 Target ranges:

• Resistance levels: R1: $111.94, R2: $114.86, R3: $119.59
• Support levels: S1: $102.49, S2: $99.57, S3: $94.85
• Pivot point: $107.22

Fundamental Catalysts:

• Positive Q3 earnings beat with revenue of $556M vs expected $510M
• Strong relationship with Apple (91% revenue share) continues with design wins
• Expanding into laptop market with new design wins
• Diversification efforts showing progress with Android OEM wins

Price Prediction: For next week (Feb 24-28), CRUS is expected to trade between $102-$115:

• Most likely scenario (60%): Rally toward R1 $111.94 due to positive earnings momentum
• Bullish case (25%): Break above R2 $114.86 if broad market strength continues
• Bearish case (15%): Pull back to S1 $102.49 on profit taking

Trading Recommendation: BUY

• Entry point: Current price ($109.07)
• Target: $111.94 (R1)
• Stop loss: $102.49 (S1)
• Risk/Reward ratio: 1:1.37

The positive earnings momentum and technical uptrend support further gains, though traders should be mindful of overbought conditions.