Technical Analysis:
Based on recent price action, FICO has entered oversold territory with an RSI reading of 29.07, suggesting potential buying opportunities. The stock is currently trading near a key support level of $1,895.
Price Levels and Support/Resistance:
- Current price: $1,863.34
- Key support: $1,824.96 (Fibonacci S1)
- Key resistance: $2,028.19 (Fibonacci R1)
- 52-week range: $1,105.65 - $2,402.515
News and Catalysts:
- FICO will report Q1 FY2025 results on February 4th after market close
- Jefferies Financial Group raised price target from $2,250 to $2,275 on January 15th
- Strong performance in Scores business segment with 19% YoY revenue growth
- Mortgage origination revenues rose 95% in last quarter
Price Prediction for Next Week:
Based on technical indicators and news sentiment:
- Bullish case (60% probability): Price likely to bounce from oversold conditions toward $1,926.57 (Fibonacci pivot)
- Bearish case (40% probability): Break below $1,824.96 support could lead to further decline to $1,762.18 (Fibonacci S2)
Trading Recommendation: BUY
Rationale:
- Oversold RSI indicates potential reversal
- Strong fundamental growth in core business
- Positive analyst outlook with recent price target raise
- Key support level at $1,895 showing buyer interest
- Upcoming earnings catalyst could provide upside momentum
Entry point: Current market price ($1,863.34)
Initial target: $1,926.57 (Fibonacci pivot)
Stop loss: $1,824.96 (Below key support)
Technical Analysis:
Based on recent price action, FICO has entered oversold territory with an RSI reading of 29.07, suggesting potential buying opportunities. The stock is currently trading near a key support level of $1,895.
Price Levels and Support/Resistance:
- Current price: $1,863.34
- Key support: $1,824.96 (Fibonacci S1)
- Key resistance: $2,028.19 (Fibonacci R1)
- 52-week range: $1,105.65 - $2,402.515
News and Catalysts:
- FICO will report Q1 FY2025 results on February 4th after market close
- Jefferies Financial Group raised price target from $2,250 to $2,275 on January 15th
- Strong performance in Scores business segment with 19% YoY revenue growth
- Mortgage origination revenues rose 95% in last quarter
Price Prediction for Next Week:
Based on technical indicators and news sentiment:
- Bullish case (60% probability): Price likely to bounce from oversold conditions toward $1,926.57 (Fibonacci pivot)
- Bearish case (40% probability): Break below $1,824.96 support could lead to further decline to $1,762.18 (Fibonacci S2)
Trading Recommendation: BUY
Rationale:
- Oversold RSI indicates potential reversal
- Strong fundamental growth in core business
- Positive analyst outlook with recent price target raise
- Key support level at $1,895 showing buyer interest
- Upcoming earnings catalyst could provide upside momentum
Entry point: Current market price ($1,863.34)
Initial target: $1,926.57 (Fibonacci pivot)
Stop loss: $1,824.96 (Below key support)