FLUT Price Prediction Next Week
Based on the provided data and technical analysis, here is the price prediction for FLUT for the next trading week:
Technical Analysis
- Current price: $267.27
- RSI(14): 56.45 indicates neutral momentum
- MACD: 0.67 showing bullish momentum
- Key moving averages:
- SMA20: $259.53
- SMA60: $260.75 Current price trading above both key moving averages suggests an upward trend
Fibonacci Levels
- Resistance 3: $287.01
- Resistance 2: $277.09
- Resistance 1: $270.97
- Support 1: $251.14
- Support 2: $245.01
- Support 3: $235.10
News Sentiment Analysis Recent positive catalysts:
- Stifel analyst initiated coverage with Buy rating and $320 price target
- Strong market share leadership in online sports betting
- Healthy user acquisition and monetization momentum
- Potential for new state expansion and iCasino growth
Price Target for Next Week Based on technical indicators and positive news sentiment:
- Expected price range: $270-277
- Stop loss: $251.14 (Support 1)
- Key resistance to watch: $277.09 (R2)
Trading Recommendation BUY with entry around current levels ($267.27) Rationale:
- Price consolidating above key moving averages
- Positive analyst coverage with significant upside potential
- Strong fundamental growth drivers in US sports betting market
- RSI not showing overbought conditions
Set stop loss at $251.14 to limit downside risk. Take partial profits at $277.09 resistance level.
FLUT Similar Chart Price Prediction
The price of FLUT is predicted to go up -3.17%, based on the high correlation periods with EAF. The similarity of these two price pattern on the periods is 96.79%.
FLUT
EAF
Down: -3.17%Similarity: 96.79%
FLUT Revenue Forecast
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FLUT Analyst's Forecast
Joseph Stauff
Susquehanna
Buy
Price Target
$322 → $317
Upside
+23.89%
Susquehanna lowered the firm's price target on Flutter Entertainment to $317 from $322 and keeps a Positive rating on the shares. The firm significantly lowered 4Q24 FanDuel estimates within the company due to the known un-favorable NFL sports hold trends, especially in December, with Flutter officially pre-releasing last night.
Mitch Germain
JMP Securities
Buy
Price Target
$299 → $311
Upside
+21.9%
Ben Shelley
UBS
Strong Buy
Price Target
$308 → $320
Upside
+16.05%