EQT's stock price is currently at $47.22, with a recent close of $47. The stock is trading below its 50-day and 200-day moving averages, indicating bearish momentum. The RSI (14) is at 36.04, suggesting the stock is oversold and may be due for a rebound. The MACD is bearish, but the histogram is showing signs of stabilization.
Recent news indicates bearish flow with a high put/call ratio of 1.96, suggesting negative sentiment ahead of earnings. However, Piper Sandler has raised its price target to $36, indicating some optimism. The stock has shown resilience despite natural gas price volatility and capital discipline concerns.
The Fibonacci levels suggest resistance at $50.58 and support at $45.98. The stock is currently trading near the pivot level of $48.28.
Based on the oversold RSI and stabilization in MACD, EQT may see a short-term rebound. However, the bearish sentiment and high put volume suggest caution. The stock is likely to trade in a range between $45.98 and $50.58.
Prediction:
The price of EQT is predicted to go up 11.68%, based on the high correlation periods with AR. The similarity of these two price pattern on the periods is 94.6%.
EQT
AR
JP Morgan
2025-03-13
Price Target
$58 → $60
Upside
+22.8%
Piper Sandler
2025-03-06
Price Target
$35 → $36
Downside
-22.01%
JP Morgan
2025-02-20
Price Target
$53 → $58
Upside
+10.35%