Technical Analysis: DVA is currently trading at $172.55 in pre-market with RSI(14) at 61.78, indicating a moderately overbought condition. The 20-day SMA stands at $169.83, with price above this level suggesting short-term bullish momentum.
Fibonacci Analysis: Current price is between Fibonacci R1 ($178.64) and Pivot ($174.72), suggesting immediate resistance ahead. Support levels are identified at $170.81 (S1) and $168.40 (S2).
News Impact: Recent options activity shows significant put volume at $110 strike for December 2026, indicating some long-term bearish sentiment. However, DVA is listed among holdings with downside potential in VOO ETF, suggesting institutional concerns.
Price Prediction for Next Week: Based on technical indicators and Fibonacci levels:
Target Price Range: $170.81 - $178.64
Recommendation: SELL
The price of DVA is predicted to go up -8.43%, based on the high correlation periods with AWI. The similarity of these two price pattern on the periods is 98.94%.
DVA
AWI
Excluding recent COVID-19 mortality challenges and obesity drug expansion, the ESRD patient population may grow at a healthy rate in the U.S. and around the globe for the long run, which should benefit DaVita.
DaVita enjoys top-tier status in the essential dialysis business, and we do not expect competitive dynamics to negatively affect that attractive position anytime soon.
While growing at-home care could change its business model a bit, DaVita could also benefit from ESRD patients being able to continue working and staying on commercial insurance plans.
Barclays
2024-10-31
Price Target
$150 → $164
Upside
+17.3%
Truist Securities
2024-10-07
Price Target
$165 → $175
Upside
+11.08%