CW Price Prediction Next Week
Prediction and Recommendation for CW Stock
Based on the analysis of technical indicators and recent news sentiment, here is the prediction and recommendation for CW stock:
Technical Analysis:
- RSI (14): 39.66, indicating oversold conditions.
- Stochastic Oscillator: Both %K and %D are below 30, suggesting the stock is oversold.
- MACD: Negative at -9.29, indicating bearish momentum.
- Moving Averages: The stock is below its 20, 50, 60, 200, and 250-day moving averages, which is a bearish sign.
- Bollinger Bands: The stock is near the lower band, suggesting potential volatility.
News Sentiment:
- The defense sector, including CW, is expected to benefit from increased defense spending in the U.S. and Europe, as highlighted by Citi Research.
- Notable options trading activity, particularly for the $380 strike call expiring on March 21, 2025, suggests some bullish sentiment.
Fibonacci Levels:
- Pivot Point: $315.30
- Resistance Levels: $323.16, $328.03
- Support Levels: $307.43, $302.57
Price Prediction:
- Target Price: $316.00
Recommendation:
- Action: Sell
- Rationale: Despite positive sector news, the technical indicators suggest a bearish trend. The stock is oversold, but the overall momentum remains negative. It is recommended to sell CW stock at the current price level.
CW Similar Chart Price Prediction
The price of CW is predicted to go up 18.3%, based on the high correlation periods with SONO. The similarity of these two price pattern on the periods is 96.99%.
CW
SONO
Up: 18.3%Similarity: 96.99%
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CW Analyst's Forecast
Jason Gursky
Citigroup
Strong Buy
2025-01-21
Price Target
$410
Upside
+7.28%
Citi initiated coverage of Curtiss-Wright with a Buy rating and $410 price target. The firm expects the Department of Defense's spending trends and initiatives that prioritize Aircraft, Shipbuilding, and C4I spending to drive defense end-market revenues. Higher production rates for new aircraft are likely to increase Aerospace and Industrial aftermarket revenues while global demand for more efficient energy solutions suggests solid nuclear OE and aftermarket revenue visibility. Furthermore, Citi sees a path for the company to become net cash positive by 2026 given its consistent pattern of de-levering the balance sheet, which is supported by its outlook for 13% earnings growth through 2027 and consistent cash conversion.
Michael Ciarmoli
Truist Securities
Hold
2025-01-14
Price Target
$333 → $357
Downside
-0.72%
Nathan Jones
Stifel
Strong Buy → Hold
2024-11-18
Price Target
$370
Upside
+4.78%
