CSL Price Prediction Next Week
Technical Analysis: Based on recent price action, CSL has shown a strong upward momentum with the stock reaching $354.67 on February 23rd after starting at $338.38 on February 20th, representing a 4.8% gain over the week.
Price Target Analysis for Next Week:
- Support levels: $345.36 (previous resistance now support)
- Resistance levels: $356.17 (recent high)
- RSI indicates oversold conditions at 26.7, suggesting potential for a technical bounce
News Impact:
- Positive catalyst: CSL is approaching its ex-dividend date, which could provide short-term price support
- The stock has shown a small positive position change (+0.19%) in recent congressional holdings, indicating institutional confidence
Price Prediction for Next Week:
- Base case (60% probability): $348-355 range
- Bullish case (25% probability): Break above $356 targeting $360
- Bearish case (15% probability): Drop to $340-345 support zone
Trading Recommendation: SELL Rationale:
- Despite oversold conditions, the stock has rallied significantly in the past week and may face resistance
- Technical indicators suggest potential consolidation or pullback
- Optimal selling zone: $354-356 range
- Stop loss: Above $358 for short positions
Target entry for new short positions: Current levels ($354.67) Target exit: $348 (1.9% potential return)
CSL Similar Chart Price Prediction
The price of CSL is predicted to go up 0.42%, based on the high correlation periods with TAIT. The similarity of these two price pattern on the periods is 97.38%.
CSL
TAIT
Up: 0.42%Similarity: 97.38%
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CSL Analyst's Forecast
Garik Shmois
Loop Capital
Strong Buy
2025-01-10
Price Target
$475 → $460
Upside
+24.63%
Loop Capital lowered the firm's price target on Carlisle to $460 from $475 and keeps a Buy rating on the shares as part of a broader research note on Roofing names. The firm is citing a softer near term residential construction outlook, adding that consistent with this view, Loop's recent roofing checks point to slight downside to residential volumes but inline commercial, the analyst tells investors in a research note. Loop further notes that pricing across both is stable but there is skepticism that pricing will go up over the next several months.
Bryan Blair
Oppenheimer
Buy
2024-12-20
Price Target
$505 → $495
Upside
+30.86%
Keith Hughes
Truist Securities
Hold
2024-11-14
Price Target
$460
Upside
+2.09%
