DAR Price Prediction Next Week
Analysis and Insights
Based on the analysis of news sentiment and technical indicators, here is the prediction for Darling Ingredients Inc (DAR) stock price for the next trading week:
Technical Indicators Analysis:
RSI (14): The Relative Strength Index (RSI) for DAR is currently at 29.6, indicating oversold conditions and potential exhaustion of selling pressure. This often signals a bullish reversal in the short term.
MACD: The MACD line (-1.15) is below the signal line (-0.29), suggesting bearish momentum. However, the divergence between the MACD and price action could indicate a potential reversal.
Fibonacci Levels: The stock is trading near the Fibonacci pivot point of $35.80, with resistance levels at $38.96 and $40.91, and support levels at $32.64 and $30.69. A breakout above the pivot could signal a bullish trend.
News Sentiment and Recent Performance:
Earnings Surprise: DAR recently reported better-than-expected Q4 EPS results, leading to a 6.5% increase in stock price. This positive earnings surprise suggests improving fundamentals.
Options Activity: Significant call option activity, particularly for the $35 strike expiring January 17, 2025, indicates bullish sentiment among option traders.
Price Prediction and Recommendation:
Based on the oversold RSI, improving fundamentals, and bullish options activity, the stock is expected to rebound in the next trading week. The target price is $38.50, with a potential breakout above the Fibonacci pivot level of $35.80.
Recommendation: Buy DAR stock at the current price level, targeting $38.50 for the next trading week.
DAR Similar Chart Price Prediction
The price of DAR is predicted to go up -0.79%, based on the high correlation periods with BCLI. The similarity of these two price pattern on the periods is 96.06%.
DAR
BCLI
Down: -0.79%Similarity: 96.06%
DAR Revenue Forecast
DAR EPS Forecast
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DAR Analyst's Forecast
Lloyd Byrne
Jefferies
Strong Buy
2024-10-25
Price Target
$44 → $46
Upside
+17.62%
Jefferies raised the firm's price target on Darling Ingredients to $46 from $44 and keeps a Buy rating on the shares. The company offered "soft" 2025 guidance of $1.5B in EBITDA versus the consensus of $1.47B, the analyst tells investors in a research note. However, the firm sees a positive set up for Darling going into 2025 due to "multiple tailwinds," including rising feedstock pricing and improving credit pricing.
Ryan Todd
Piper Sandler
Buy
2024-10-11
Price Target
$50 → $48
Upside
+29.8%
Lloyd Byrne
Jefferies
Strong Buy
2024-10-07
Price Target
$47 → $44
Upside
+17.49%
