EDR Price Prediction Next Week
Technical Analysis: EDR's current price shows bearish momentum with RSI-14 at 43.94, indicating neutral-to-bearish sentiment. The stock is trading between its key moving averages, with SMA-5 at $31.65 and SMA-200 at $28.67.
The MACD line (0.25) is above the signal line (0.52), but the negative MACD histogram (-0.27) suggests weakening momentum. The Stochastic RSI (2.61) indicates oversold conditions, presenting a potential bounce opportunity.
News Impact: Recent significant news includes:
- Endeavor announced a Q1 2025 quarterly cash dividend of $0.06 per share, payable on March 14, 2025
- The dividend represents approximately $27 million in aggregate amount to Class A common stockholders
Price Prediction for Next Week: Based on technical indicators and Fibonacci levels:
- Resistance levels: R1: $35.25, R2: $36.59
- Support levels: S1: $30.88, S2: $29.54
- Current price: $30.75
Price Target Scenarios:
- Bullish case: $35.25 (R1) if market sentiment improves
- Bearish case: $29.54 (S2) if current weakness persists
- Most likely scenario: Range-bound trading between $30.88-$33.06 (Fibonacci pivot)
Trading Recommendation: SELL Rationale:
- Weakening technical indicators
- Price below key moving averages
- Negative MACD histogram
- Current price ($30.75) near resistance level
- Set stop-loss at $32.00 (above Fibonacci pivot)
- Target price: $29.54 (S2 level)
EDR Similar Chart Price Prediction
The price of EDR is predicted to go up 13.36%, based on the high correlation periods with VABK. The similarity of these two price pattern on the periods is 95.47%.
EDR
VABK
Up: 13.36%Similarity: 95.47%
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EDR Analyst's Forecast
David Joyce
Seaport Global
Hold → Strong Sell
2025-02-12
Price Target
$28
Downside
-21.16%
Seaport Research analyst David Joyce downgraded Endeavor Group to Sell from Neutral with a $27.50 price target. Shares are trading far above the $27.50/share cash privatization offer, and much of the activity driving up the share price has been risk-arbitrage-related short covering, but in the event there are other investors still in Endeavor who did not submit their exercise of appraisal rights, the firm recommends that investors are not holding on to hopes for an increase in deal terms, the analyst tells investors in a research note.
