FDP Price Prediction Next Week
Analysis and Insights
News Sentiment and Insider Activity:
Fresh Del Monte Produce (FDP) faces challenges due to tariffs on imports from Mexico, which could increase costs and impact profitability. Insider activity shows EVP Mohammed Abbas sold 5,064 shares, representing 10% of his holdings, with no purchases in the last 6 months. Institutional investors have also reduced their positions, with 113 decreasing their holdings in the most recent quarter.
Technical Analysis:
The Relative Strength Index (RSI) for FDP is at 37.06, indicating oversold conditions. The MACD is negative, suggesting bearish momentum. The stock is trading below its 20, 50, and 200-day moving averages, reinforcing the bearish trend. Fibonacci resistance levels are at $30.31 and $31.19, with support at $29.22 and $28.88.
Price Prediction and Recommendation:
Based on the bearish technical indicators and negative news sentiment, FDP is expected to decline. The target price for the next trading week is approximately $28.50.
Recommendation: Sell FDP as the technical and fundamental factors suggest continued downward pressure.
FDP Similar Chart Price Prediction
The price of FDP is predicted to go up 8.32%, based on the high correlation periods with ISSC. The similarity of these two price pattern on the periods is 92.03%.
FDP
ISSC
Up: 8.32%Similarity: 92.03%
