EVRG Price Prediction Next Week
Technical Analysis: EVRG's current price at $66.65 shows strong momentum with RSI-14 at 68.94, approaching overbought territory. The stock is trading above all major moving averages (5,10,20,60,200-day SMAs), indicating a robust uptrend. The MACD (1.15) remains positive with a bullish crossover signal.
Price Levels Analysis:
- Support levels: $64.04 (Fibonacci S1), $63.06 (60-day SMA)
- Resistance levels: $67.37 (Fibonacci R1), $68.40 (Fibonacci R2)
- Current price is testing the upper Bollinger Band ($68.44), suggesting strong momentum
News Impact: Recent news indicates positive sentiment:
- Strong Q3 performance with revenue of $1.81 billion
- Beat EPS estimates at $2.02 vs $1.95 expected
- Company reaffirmed 2024 guidance of $3.73-$3.93 EPS
- 2025 outlook projects EPS between $3.92-$4.12
Next Week Price Prediction: Based on technical indicators and Fibonacci levels:
- Bullish scenario (60% probability): $67.90-68.40
- Neutral scenario (30% probability): $66.50-67.30
- Bearish scenario (10% probability): $64.04-65.70
Trading Recommendation: BUY with entry point at current level ($66.65) with following strategy:
- Target: $68.40 (Fibonacci R2)
- Stop loss: $64.04 (Fibonacci S1)
- Risk/Reward ratio: 1:1.45
The stock shows strong momentum supported by positive fundamentals and analyst ratings. The upcoming Q4 earnings announcement on February 27 could provide additional upside catalyst.
EVRG Similar Chart Price Prediction
The price of EVRG is predicted to go up 1.41%, based on the high correlation periods with VGM. The similarity of these two price pattern on the periods is 98.36%.
EVRG
VGM
Up: 1.41%Similarity: 98.36%
EVRG Revenue Forecast
EVRG EPS Forecast
EVRG FAQs
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EVRG VS S&P500
We expect annual dividend increases to average 6% over the next four years, in line with earnings growth.
Evergy's operating cost savings are helping offset customer bill increases related to Evergy's capital investments.
Recent legislation has improved the regulatory framework in Missouri and Kansas. This should reduce regulatory lag and boost earnings growth.
EVRG Analyst's Forecast
Paul Fremont
Ladenburg Thalmann
Hold → Strong Buy
2025-01-02
Price Target
$69
Upside
+11.13%
Ladenburg upgraded Evergy to Buy from Neutral with a price target of $68.50, up from $59. The firm says that since its initiation in April 2024, its forecast of customer demand growth has increased to between 2%-3% from 2% and rate base growth has increased to 8% from 6%. The improvement reflects Evergy's recent announcements for data centers that has led to higher capex spending, the analyst tells investors in a research note. Ladenburg points out Evergy has identified up to 6,000 MW of added potential load driven largely by artificial intelligence and data centers.
Anthony Crowdell
Mizuho
Buy
2024-10-29
Price Target
$67
Upside
+11.83%
Nicholas Campanella
Barclays
Buy
2024-10-21
Price Target
$67 → $65
Upside
+6.21%
