EWBC Price Prediction Next Week
Technical Analysis: Based on recent price action, EWBC shows bearish momentum with RSI at 34.50 indicating oversold conditions. The MACD is negative (-1.00) with a bearish crossover, suggesting continued downward pressure.
The stock is trading below all major moving averages (5-day: $97.41, 10-day: $97.88, 20-day: $100.18), indicating a strong downtrend. The Bollinger Bands show price near the lower band ($92.12), suggesting potential for a bounce, but overall bearish sentiment remains.
News Impact: Recent earnings results were disappointing, with Q4 earnings missing analyst expectations, causing a 6.6% decline in pre-market trading. This negative sentiment continues to weigh on the stock.
Price Prediction for Next Week: Based on Fibonacci levels and technical indicators:
- Support levels: $94.73 (S1), $92.69 (S2)
- Resistance levels: $101.35 (R1), $103.39 (R2)
Expected price range: $92.50 - $95.00
Trading Recommendation: SELL Rationale:
- Bearish technical indicators
- Poor earnings performance
- Below key moving averages
- Negative MACD momentum
Target entry: Current market price ($93.89) Stop loss: $96.00 Price target: $92.50
EWBC Similar Chart Price Prediction
The price of EWBC is predicted to go up -8.1%, based on the high correlation periods with OC. The similarity of these two price pattern on the periods is 95.61%.
EWBC
OC
Down: -8.1%Similarity: 95.61%
EWBC Revenue Forecast
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EWBC Analyst's Forecast
Gary Tenner
DA Davidson
Strong Buy
2025-01-24
Price Target
$120 → $118
Upside
+14.64%
DA Davidson lowered the firm's price target on East West Bancorp to $118 from $120 and keeps a Buy rating on the shares after its Q4 earnings miss. The bank's net interest margins stabilized during the quarter despite the lower effective Fed Funds rate, though its results were also negatively impacted by a higher provision of $70M vs. the firm's $41M estimate, necessitated by net charge-offs of $63.5M attributable to two unrelated domestic C&I credits in the technology segment, the analyst tells investors in a research note.
Jared Shaw
Barclays
Buy
2025-01-24
Price Target
$125 → $120
Upside
+16.58%
Jared Shaw
Barclays
Buy
2024-12-19
Price Target
$120 → $125
Upside
+31.76%
