CX Price Prediction Next Week
Technical Analysis: Based on recent price action, CX is showing bullish momentum with RSI at 69.28, indicating strong but not overbought conditions. The stock is trading above all major moving averages (SMA 5, 10, 20, 60, 200), suggesting a robust uptrend.
Price Targets and Indicators:
- Current Price: $6.77
- Bollinger Bands indicate strong upward momentum:
- Upper Band: $7.43
- Middle Band: $6.13
- Lower Band: $4.83
- Price is trading near upper band with 0.72 bandwidth
News Impact:
- RBC Capital recently raised price target to $6 from $5
- Upcoming CEO transition on April 1, with Jaime Muguiro succeeding Fernando Gonzalez
Price Prediction for Next Week: Based on technical indicators and Fibonacci levels:
- Resistance levels: R1: $6.78, R2: $7.07
- Support levels: S1: $5.83, S2: $5.53
- Target Price Range: $6.85-$7.05
Trading Recommendation: SELL at current levels ($6.77) with the following rationale:
- Price is approaching key resistance at $6.78
- RSI showing potential exhaustion
- Stock has rallied significantly and may need consolidation
- Set stop-loss at $7.10 and take-profit at $6.40
CX Similar Chart Price Prediction
The price of CX is predicted to go up 11.54%, based on the high correlation periods with WH. The similarity of these two price pattern on the periods is 98.05%.
CX
WH
Up: 11.54%Similarity: 98.05%
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CX Analyst's Forecast
Anthony Codling
RBC Capital
Hold → Sell
2024-12-11
Price Target
$6 → $5
Downside
-9.91%
RBC Capital downgraded Cemex to Underperform from Sector Perform with a price target of $5, down from $6, following the election of Donald Trump as President of the United States. Near shoring opportunities "may not be as plentiful as they once were" and animosity between trading partners, even if only one-sided, "is never great as it takes two to trade and tango," and Cemex's currency exposure adds more risk, the analyst tells investors in a research note.
Francisco Suarez
Scotiabank
Buy
2024-11-01
Price Target
$8.9 → $8.2
Upside
+58.3%
Francisco Suarez
Scotiabank
Buy
2024-10-29
Price Target
$10 → $8.9
Upside
+69.52%
