CXW Price Prediction Next Week
Analysis and Insights
News Impact Analysis:
The Trump administration's plan to invoke the Alien Enemies Act and expand detention capacity is expected to positively impact CoreCivic (CXW), as the company is a major player in the private prison industry. This policy shift indicates increased demand for detention services, which could lead to higher revenues for CXW.
Technical Analysis:
- Current Price: $20.3
- RSI (14-day): 54.52 (Neutral)
- MACD: Slightly bullish crossover
- Fibonacci Levels:
- Resistance: $20.76
- Support: $18.86
The stock is trading near the Fibonacci pivot level of $19.81, with a bullish MACD crossover indicating potential upside.
Price Prediction:
Based on the bullish technical indicators and positive news sentiment, the stock is expected to rise to $20.8 by the end of the next trading week.
Recommendation:
Buy CoreCivic (CXW) stock as the technical indicators and news sentiment suggest a bullish trend.
CXW Similar Chart Price Prediction
The price of CXW is predicted to go up 8.2%, based on the high correlation periods with AMS. The similarity of these two price pattern on the periods is 97.25%.
CXW
AMS
Up: 8.2%Similarity: 97.25%
CXW Revenue Forecast
CXW EPS Forecast
CXW FAQs
What is CXW revenue forecast for next quarter？
CXW Analyst's Forecast
Jason Weaver
Jones Trading
Hold → Strong Buy
2024-11-08
Price Target
$28
Upside
+24.33%
JonesResearch upgraded CoreCivic to Buy from Hold with a $28 price target citing the removal of the election overhang with Republicans taking control of the Executive Branch and Senate and looking likely in the House. The firm sees a significant growth opportunity over the next several years, alongside an administration focused on curtailing unauthorized migration, the analyst tells investors.
