Stock Price Prediction

Based on the provided data and technical analysis, here is the prediction for EPD's stock price next trading week:

Technical Analysis

• Current RSI (14) is 63.38, indicating the stock is approaching overbought territory but not yet overextended
• MACD is positive at 0.58, suggesting bullish momentum
• The stock is trading above both its 20-day (32.50) and 60-day (31.70) moving averages, confirming an uptrend

News Analysis

• EPD recently increased its quarterly dividend by 1.9% to $0.535 per share, extending its dividend growth streak to 27 years
• The company has strong cash performance with $2.1 billion operating cash flow in recent quarter, up 4% year-over-year
• Distributable cash flow rose 5% to $2 billion, with 56% allocated to distributions and unit repurchases
• Analysts note EPD's fixed-fee contracts provide stable cash flows and help minimize commodity price volatility

Price Target for Next Week Based on Fibonacci levels:

• Support levels: S1 at $32.38, S2 at $31.80
• Resistance levels: R1 at $34.24, R2 at $34.81
• Pivot point at $33.31

Trading Recommendation BUY with an entry point at current levels ($33.57)

• Target 1: $34.24 (R1)
• Target 2: $34.81 (R2)
• Stop loss: $32.38 (S1)

The stock shows strong technical momentum and positive fundamental factors including dividend growth and stable cash flows. The risk/reward ratio is favorable for a long position with defined support levels.