FMC Price Prediction Next Week
Technical Analysis: FMC's stock has experienced significant bearish momentum, with RSI-14 at 30.48 indicating oversold conditions. The MACD shows a negative trend with -4.14, though the histogram (-0.23) suggests potential slowing of downward momentum. Price is trading well below all major moving averages (5-day: $37.74, 20-day: $44.25, 200-day: $57.40), indicating strong bearish trend.
Recent Price Action: The stock has shown some stabilization in recent sessions, with last week's trading range between $48.63-$51.09. However, the current pre-market price of $38.33 indicates another significant gap down, suggesting continued selling pressure.
News Impact:
- FMC reported disappointing Q4 2024 results with revenue of $1.22 billion, falling short of $1.34 billion forecast
- The company provided weak 2025 guidance with expected revenue between $4.15-$4.35 billion and adjusted EPS of $3.26-$3.70, significantly below analyst expectations
- Barclays recently lowered their price target to $48 from $65 while maintaining an Overweight rating
Price Projection for Next Week: Based on Fibonacci levels and current technical setup:
- Resistance levels: $38.32 (R1), $39.48 (R2)
- Support levels: $34.57 (S1), $33.41 (S2)
Trading Recommendation: SELL with target price of $34.57 (S1). The combination of weak fundamental outlook, bearish technical indicators, and negative news sentiment suggests further downside potential. The pre-market gap down below key support levels reinforces this bearish view.
Key risk factors:
- Oversold conditions could trigger a technical bounce
- Any positive news regarding inventory destocking improvement could cause short covering
- Current price levels are near 9-year lows, which might attract value investors
FMC Similar Chart Price Prediction
The price of FMC is predicted to go up 6.72%, based on the high correlation periods with GCO. The similarity of these two price pattern on the periods is 99.4%.
FMC
GCO
Up: 6.72%Similarity: 99.4%
FMC Revenue Forecast
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FMC VS S&P500
FMC has transformed its portfolio to focus on crop chemicals, which should see strong growth prospects as yield gains are needed to support rising food consumption from emerging markets.
FMC's focus on developing new biologicals will prove value-accretive as biological crop protection products continue to take market share from synthetic crop chemicals.
FMC's pipeline should allow the company to continue expanding profits as the patents expire for its two largest molecules over the next decade.
FMC Analyst's Forecast
Benjamin Theurer
Barclays
Hold → Buy
2025-01-21
Price Target
$65
Upside
+19.22%
Barclays upgraded FMC to Overweight from Equal Weight with an unchanged price target of $65. Entering 2025, the firm is more optimistic about crop protection and maintains a positive outlook on diversified international protein names and ingredients. In contrast, Barclays adds caution to its grain processor coverage and adjusted ratings in fertilizer given the recent run-up in share prices. It recognizes the strength in potash volumes in 2024 did not bring stock appreciation for the major potash players.
Steve Byrne
B of A Securities
Sell → Hold
2025-01-14
Price Target
$63 → $61
Upside
+14%
Christopher Parkinson
Mizuho
Hold
2025-01-07
Price Target
$70 → $55
Upside
+7.57%
