EQNR Price Prediction Next Week
Based on the provided data and technical analysis, here's the forecast for EQNR's stock price next week:
Technical Analysis
The stock is currently showing bearish signals with RSI at 45.20, indicating a neutral to slightly bearish momentum. The MACD value of 0.21 suggests minimal positive momentum, but the recent price action shows weakness.
Price Levels Analysis
- Current Price: $23.83
- Fibonacci Support Levels:
- S1: $24.08
- S2: $23.56
- S3: $22.74
- Fibonacci Resistance Levels:
- R1: $25.73
- R2: $26.24
- R3: $27.07
News Impact Recent analyst coverage from Kepler Capital maintains a Hold rating with a price target of NOK300.00. The consensus among analysts suggests a Moderate Buy rating with an average target of NOK302.27, indicating potential upside from current levels.
Price Prediction for Next Week Based on technical indicators and current market conditions:
- Expected Price Range: $23.56 - $24.36
- Most Likely Scenario: The stock is likely to test support at $23.56 before attempting to bounce back towards $24.08
- Trading Recommendation: SELL
- Entry Point: Current market price ($23.83)
- Target Exit: $23.56
- Stop Loss: $24.36
The recommendation to sell is based on:
- Weakening technical indicators
- Recent price action showing downward momentum
- Current price trading below key moving averages
- Volume patterns suggesting selling pressure
EQNR Similar Chart Price Prediction
The price of EQNR is predicted to go up 55.28%, based on the high correlation periods with BTBT. The similarity of these two price pattern on the periods is 97.15%.
EQNR
BTBT
Up: 55.28%Similarity: 97.15%
EQNR Revenue Forecast
EQNR EPS Forecast
EQNR FAQs
What is revenue forecast for next quarter？
EQNR VS S&P500
Recent discoveries on the NCS in the Barents Sea indicate that resources remain and allow the company to use existing infrastructure to add incremental production at high returns.
Equinor benefits from its proximity to continental Europe as it can capitalize on relatively high natural gas prices and efforts to reduce reliance on Russian gas by increasing production.
Equinor is leveraging its experience developing projects in harsh offshore environments to build offshore wind projects, in order to diversify its business away from oil and gas in preparation for the energy transition.
EQNR Analyst's Forecast
Martijn Rats
Morgan Stanley
Hold → Buy
Price Target
$26 → $31
Upside
+19.54%
Morgan Stanley upgraded Equinor to Overweight from Equal Weight with a price target of $30.90, up from $25.80 as part of a broader research note previewing 2025 in the Energy sector. Oil & gas have mixed prospects in 2025, with Gas markets looking robust, but the oil market seen as well supplied, and downstream margins likely remain under pressure, the analyst tells investors in a research note. Morgan Stanley adds that while it still foresees minor downwards pressure on consensus earnings estimates, after sharp declines, the firm believes that earnings downgrade cycle is nearing completion. For Equinor, the firm is positive on the recent rally in European gas prices, which is well underpinned by robust global LNG demand and low inventories, also noting that it sees downside risks to Equinor's capex guidance.
Matthew Lofting
JP Morgan
Sell → Buy
Price Target
n/a
Upside
0%
Lydia Rainforth
Barclays
Hold → Buy
Price Target
n/a
Upside
0%