Stock Price Prediction

Analysis and Insights

News Sentiment and Recent Developments:

Cirrus Logic (CRUS) has received positive news with a "Buy" upgrade from Benchmark due to progress in diversification and positive earnings results, despite a cautious outlook. Additionally, CRUS is part of the Vident U.S. Equity Strategy ETF (VUSE), which has an implied analyst target price of $69.45, indicating a potential upside of 20.59% from its current trading price of $57.59. This suggests optimism about CRUS's future performance.

Technical Indicators Analysis:

• RSI: CRUS has an RSI of 39.96 (14-day) and 43.11 (12-day), indicating the stock is not oversold and may have room for upside.
• MACD: The MACD line is slightly below the signal line (-1.38), suggesting a bearish trend, but recent price action shows upward momentum.
• Fibonacci Levels: The stock is trading above the pivot point of $102.19, with resistance at $106.61 and support at $97.77.

Price Action and Trends:

The stock closed at $102.77 on March 24, with a pre-market gain of 1.23% and a regular market gain of 2.99%. This indicates positive momentum heading into the next trading week.

Options Activity:

Notable options activity includes 2,888 contracts traded, with a focus on $95 strike put options expiring April 17, 2025. This suggests some bearish sentiment, but the overall trend remains bullish.

Conclusion:

Based on the analysis, CRUS is expected to reach $106.61 in the next trading week. The combination of positive news, improving technical indicators, and bullish momentum suggests a BUY recommendation.