EMN Price Prediction Next Week
Analysis and Insights
To predict the stock price of Eastman Chemical (EMN) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
The current price of EMN is $99.09. Key technical indicators include:
- RSI (14): 53.10 (neutral)
- Stochastic Oscillator: %K (48.48), %D (33.51) (bearish crossover)
- MACD: -0.02 (slightly bearish)
- Bollinger Bands: EMN is near the lower band, suggesting potential undervaluation
- Fibonacci Levels:
- Resistance: $99.63, $101.55, $104.65
- Support: $93.43, $91.51, $88.40
News Sentiment and Events:
- Event Announcement: EMN presented at the Barclays Industrial Select Conference, which is typically positive for stock sentiment.
- Earnings Report: EMN beat Q4 EPS expectations but slightly missed revenue estimates.
- Analyst Ratings: Consensus "Moderate Buy" rating with a mean price target of $114.70.
Price Prediction and Recommendation:
Based on the analysis, EMN is expected to test the resistance level at $99.63. If it breaks out, the next target is $101.55. Given the positive earnings surprise and analyst sentiment, the stock is likely to move upward.
Predicted Price: $101.55
Recommendation: Buy
EMN Similar Chart Price Prediction
The price of EMN is predicted to go up -7.57%, based on the high correlation periods with ZGN. The similarity of these two price pattern on the periods is 94.49%.
EMN
ZGN
Down: -7.57%Similarity: 94.49%
EMN Revenue Forecast
EMN EPS Forecast
EMN FAQs
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EMN VS S&P500
Eastman is well positioned to meet evolving chemical demands in auto with window interlayers and specialty plastics through its best-in-class patented products.
Eastman's investments in plants that use sustainable-based feedstocks, including recycled chemicals and wood pulp, should benefit from growing demand for specialty plastics made from these feedstocks.
As Eastman continues to develop new patented products, it should expand its specialty chemical business, which generates higher margins and commands some degree of pricing power.
EMN Analyst's Forecast
Charles Neivert
Piper Sandler
Hold
2025-02-13
Price Target
$102 → $105
Upside
+3.37%
Piper Sandler raised the firm's price target on Eastman Chemical to $105 from $102 and keeps a Neutral rating on the shares. The firm is updating its estimates for Eastman Chemical based on the release of Q4 and full year 2024 results, new 2025 guidance and its own channel checks on the relevant product lines.
Charles Neivert
Piper Sandler
Hold
2025-01-07
Price Target
$105 → $102
Upside
+15.28%
Patrick Cunningham
Citigroup
Strong Buy → Hold
2024-12-18
Price Target
$118 → $104
Upside
+13.34%
