FER Price Prediction Next Week
Technical Analysis: Based on the latest data, FER is showing mixed technical signals:
- RSI (14) at 56.68 indicates neutral momentum
- Stochastic (14,3,3) at 79.69/86.56 suggests overbought conditions
- MACD (12,26,9) shows positive momentum with values at 0.73/0.12/0.60
- Price is trading above all major moving averages (SMA 5,10,20,60,200)
- Bollinger Bands show price near the upper band with BBP at 0.61, suggesting strong upward momentum
News Sentiment Analysis:
- Kepler Capital maintains Buy rating with €48.25 target price
- Strong analyst consensus with average target of €45.11
- Exposure to US market (50% revenue) raises concerns due to potential Trump tariffs
- Recent financial performance shows improvement with:
- Q2 2024 revenue: €2.39B (vs €2.14B YoY)
- Q2 2024 net profit: €207M (vs -€1.6B loss YoY)
Price Prediction for Next Week: Based on technical and fundamental factors:
- Support levels: €42.92 (Fibonacci S1), €42.13 (Fibonacci S2)
- Resistance levels: €45.50 (Fibonacci R1), €46.29 (Fibonacci R2)
Target Price: €45.50 with potential to test €46.29 if market sentiment remains positive.
Trading Recommendation: BUY
- Entry point: Current price (€44.39)
- Stop loss: €42.92 (Fibonacci S1)
- Take profit: €45.50 (Fibonacci R1)
Rationale:
- Strong technical setup with price above all major moving averages
- Positive analyst consensus
- Improving financial performance
- Clear risk management levels with favorable risk-reward ratio
FER Similar Chart Price Prediction
The price of FER is predicted to go up 3.71%, based on the high correlation periods with GPC. The similarity of these two price pattern on the periods is 96.8%.
FER
GPC
Up: 3.71%Similarity: 96.8%
