FRHC Price Prediction Next Week
Analysis and Insights
To predict the stock price of Freedom Holding Corp (FRHC) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
FRHC's Relative Strength Index (RSI) is currently at 39.12, indicating the stock is in a neutral zone and not overbought or oversold. The MACD line is slightly below the signal line, suggesting mild bearish momentum, but the overall trend remains stable.
Fibonacci Levels:
The Fibonacci levels suggest key support and resistance points:
- Pivot Point: $142.30
- Resistance Levels: $150.06, $154.86
- Support Levels: $129.74, $121.97
News Sentiment:
Recent earnings reports indicate strong financial performance, with a 33% increase in total revenue to $580.9 million, driven by growth in insurance underwriting and trading securities. Despite a slight decrease in net income, the company maintains a robust financial position.
Price Prediction:
Based on the analysis, FRHC is expected to rise to $143.00 by the end of the next trading week, as it approaches the pivot point of $142.30 with strong fundamental support.
Recommendation:
Buy FRHC at the current price of $130.59, targeting $143.00, with a stop-loss at $127.50 to limit potential losses.
FRHC Similar Chart Price Prediction
The price of FRHC is predicted to go up 13.85%, based on the high correlation periods with LUCD. The similarity of these two price pattern on the periods is 95.15%.
FRHC
LUCD
Up: 13.85%Similarity: 95.15%
