Technical Analysis
DOW is currently trading at $39.52, showing a bearish trend in the short term. The stock has formed a descending channel pattern since early February, with lower highs and lower lows. The recent price action shows increased selling pressure, with the stock breaking below the $40 support level.
News Sentiment Analysis Recent earnings report showed disappointing results:
Analyst Outlook Multiple analysts have lowered their price targets:
Price Prediction for Next Week Based on technical analysis and bearish fundamentals:
Target Prices:
The stock is likely to remain under pressure next week due to:
Trading Recommendation: SELL
The stock shows high probability of testing lower support levels next week given the combination of poor fundamentals and bearish technical setup.
The price of DOW is predicted to go up -2.49%, based on the high correlation periods with SMMT. The similarity of these two price pattern on the periods is 95.3%.
DOW
SMMT
Dow Chemical benefits from its cost-advantaged North American operations that use low-cost natural gas-based feedstock.
Dow maintains exposure to a wide variety of industrial and consumer end markets, which mitigates the risk of a potential industry-specific downturn.
Dow's process technologies will improve the firm's profitability while simultaneously providing an asset-light revenue stream through licensing agreements with other chemicals manufacturers.
Piper Sandler
2025-02-13
Price Target
$53 → $46
Upside
+19.98%
RBC Capital
2025-01-31
Price Target
$41 → $38
Downside
-2.69%
Wells Fargo
2025-01-31
Price Target
$55 → $50
Upside
+28.04%