EQNR Price Prediction Next Week
Technical Analysis:
Based on recent price action, EQNR shows a bearish trend in the short term. The stock has been trading in a horizontal channel between $21.68 and $25.66.
Support and Resistance Levels:
- Key support: $23.27
- Current resistance: $23.97 (long-term moving average)
- Short-term moving average: $23.12
Price Movement Analysis:
- Recent volatility: 2.69% daily average
- Last trading day range: $22.68 - $23.95 (5.60% movement)
- Volume has increased with price movement, which is a positive technical signal
News Sentiment:
- Pareto recently upgraded EQNR to Buy from Hold with a NOK 300 price target
- The company's one-time events are masking underlying strength according to recent analysis
Price Prediction for Next Week:
Based on technical indicators and current market conditions:
- Bullish scenario (60% probability): $24.50-25.00
- Base case (30% probability): $23.00-24.00
- Bearish scenario (10% probability): $22.00-22.50
Trading Recommendation: BUY with entry point at current levels ($23.39) with following parameters:
- Target: $24.50
- Stop loss: $22.80
- Risk/Reward ratio: 1:2.2
The recommendation is based on:
- Recent upgrade by Pareto
- Positive volume-price relationship
- Strong support at $23.27
- Bullish pivot bottom signal showing 3.36% rise so far
The stock is expected to continue its upward movement until a new top pivot is formed, supported by increasing trading volume and positive technical signals.
EQNR Similar Chart Price Prediction
The price of EQNR is predicted to go up 9.04%, based on the high correlation periods with PDCO. The similarity of these two price pattern on the periods is 95.6%.
EQNR
PDCO
Up: 9.04%Similarity: 95.6%
EQNR Revenue Forecast
EQNR EPS Forecast
EQNR FAQs
What is EQNR 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
2025-01-07
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
2024-12-09
Price Target
n/a
Downside
0%
Lydia Rainforth
Barclays
Hold → Buy
2024-11-25
Price Target
n/a
Downside
0%
