DTM Price Prediction Next Week
Based on the provided data and technical analysis, here is the prediction for DTM's stock price next week:
Technical Analysis
- Current RSI (14) at 46.57 indicates neutral momentum, slightly leaning towards oversold territory
- MACD at -0.54 shows bearish momentum in the short term
- 20-day SMA at 105.42 is acting as immediate resistance
- Fibonacci levels indicate key support at 96.66 and resistance at 106.67
News Impact
- DTM recently reached analyst target price of $96.20, with analyst targets ranging from $74 to $115
- The company is benefiting from growing power demand related to AI and data centers
- Recent options activity shows mixed sentiment with 57% probability of $100 puts expiring worthless
Price Prediction for Next Week Target Price Range: $94-98
Rationale:
- Technical indicators suggest downward pressure in short term
- Price likely to test Fibonacci support level at $96.66
- Options market pricing in increased volatility
- Current price above 20-day SMA indicates potential pullback
Trading Recommendation: SELL
- Entry: Current market price (~$100.78)
- Target: $96.00
- Stop loss: $103.50
The stock appears overbought at current levels and technical indicators suggest a pullback is likely. The recommendation is to take profits or establish short positions with strict risk management.
DTM Similar Chart Price Prediction
The price of DTM is predicted to go up -11.04%, based on the high correlation periods with SNBR. The similarity of these two price pattern on the periods is 95.49%.
DTM
SNBR
Down: -11.04%Similarity: 95.49%
DTM Revenue Forecast
DTM EPS Forecast
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DTM Analyst's Forecast
Theresa Chen
Barclays
Hold
2025-01-10
Price Target
$112
Upside
+8.22%
Barclays reinstated coverage of DT Midstream with an Equal Weight rating and $112 price target. With the closing of the acquisition of three FERC-regulated pipelines, DT has broadened its footprint of demand-pull assets, the analyst tells investors in a research note. The firm remains bullish on natural gas infrastructure and believes DT's valuation reflects its premium qualities.
Selman Akyol
Stifel
Hold → Strong Buy
2024-12-19
Price Target
$89 → $106
Upside
+8.68%
Christine Cho
Barclays
Buy
2024-11-04
Price Target
$85 → $92
Upside
+2.37%
