Technical Analysis: Based on recent price action, FE has been trading in a narrow range between $35.70 and $36.60. The RSI(14) at 50.12 indicates neutral momentum, while the MACD shows a slightly bullish signal with positive values (MACD: 0.06, Signal: 0.02).
Price Levels and Fibonacci Analysis:
News Impact: Recent developments show:
Stock Performance:
Price Prediction for Next Week: Based on technical indicators and news sentiment:
Recommendation: HOLD Current technical setup suggests limited upside potential in the short term. While analyst upgrades provide some positive sentiment, regulatory uncertainties and mixed earnings performance warrant caution. The stock is likely to remain range-bound between support at $39.54 and resistance at $40.51.
The price of FE is predicted to go up 12.52%, based on the high correlation periods with ES. The similarity of these two price pattern on the periods is 91.17%.
FE
ES
FirstEnergy's narrow-moat businesses support operating earnings and roughly $26 billion of investment growth opportunities.
FirstEnergy is aggressively investing in electric transmission with most projects eligible to receive premium FERC-regulated returns.
Management is moving past missteps, allowing it to focus on investing and earning fair returns at its regulated utilities.
Wolfe Research
2025-01-23
Price Target
n/a
Downside
0%
Scotiabank
2024-12-12
Price Target
$45 → $50
Upside
+24.01%
Keybanc
2024-12-04
Price Target
$48 → $47
Upside
+13.86%