FERG Price Prediction Next Week
Technical Analysis: Based on the recent price action, FERG shows a bearish trend with RSI at 41.87 indicating neutral to slightly oversold conditions. The stock is trading below all major moving averages (SMA 5, 10, 20, 60, 200, 250), suggesting sustained downward pressure.
Price Movement Analysis:
- Current price: $174.36
- Recent high: $205.89 (Feb 23)
- Recent low: $174.38 (Feb 21)
- Trading volume has increased to 1.57M shares, indicating strong selling pressure
Technical Indicators:
- MACD (-0.34) with negative histogram (-0.22) suggests bearish momentum
- Stochastic RSI (23.82) indicates oversold conditions
- Bollinger Bands show price near lower band (174.40), suggesting potential support level
News Impact: Recent news shows Trian Fund Management reduced its stake in FERG, which could be contributing to the selling pressure. This institutional selling signal might continue to affect market sentiment negatively.
Price Prediction for Next Week: Based on Fibonacci levels and technical indicators:
- Resistance levels: $180.62 (pivot), $185.16 (R1)
- Support levels: $176.08 (S1), $173.28 (S2)
Given the bearish technical setup and institutional selling pressure, FERG is likely to test support at $173.28 next week. If this level breaks, the next target would be $168.74 (S3).
Recommendation: SELL
- Entry point: Current market price ($174.36)
- Target: $168.74
- Stop loss: $180.62 (pivot level)
Rationale:
- Bearish momentum confirmed by MACD
- Below all major moving averages
- Institutional selling pressure
- Increased trading volume on downward movement
FERG Similar Chart Price Prediction
The price of FERG is predicted to go up 0.9%, based on the high correlation periods with CODI. The similarity of these two price pattern on the periods is 91.93%.
FERG
CODI
Up: 0.9%Similarity: 91.93%
FERG Revenue Forecast
FERG EPS Forecast
FERG FAQs
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FERG VS S&P500
Ferguson's roll-up strategy in the US should lead to market share gains, boosting revenue growth in excess of the market average.
Ferguson's strategic shift to the US away from international markets has strengthened group operating margins.
Ferguson generates strong free cash flow throughout the economic cycle despite serving cyclical end markets.
FERG Analyst's Forecast
Matthew Bouley
Barclays
Buy
2025-01-16
Price Target
$234 → $211
Upside
+18.84%
Barclays analyst Matthew Bouley lowered the firm's price target on Ferguson to $211 from $234 and keeps an Overweight rating on the shares. The firm prefers building products to homebuilders in Q4. Investor expectations are "subdued" across both subsectors into earnings, the analyst tells investors in a research note. The firm says that as both subsectors declined over the past six weeks, building products stocks have seen greater dislocations versus fundamentals, leaving better entry points.
John Lovallo
UBS
Strong Buy → Hold
2025-01-08
Price Target
$193
Upside
+8.7%
Anthony Pettinari
Citigroup
Hold
2025-01-06
Price Target
$221 → $189
Upside
+6.45%
