FRME Price Prediction Next Week
Analysis and Insights
Based on the analysis of news sentiment and technical indicators, here is the prediction for FRME's stock price for the next trading week:
Technical Indicators:
- RSI (6, 12, 14): 23.94, 30.51, 32.52 (oversold territory, indicating potential reversal)
- MACD: -0.88 (bearish momentum)
- Fibonacci Levels:
- Pivot: 41.45
- Resistance 1: 43.56
- Support 1: 39.33
News Sentiment:
- FRME's common shares have decreased by about 1% recently, reflecting short-term weakness.
- The stock offers a competitive dividend yield of 3.14%, attractive for income investors.
- Zacks Rank #1 (Strong Buy) suggests positive earnings growth expectations.
Price Prediction:
Based on the analysis, FRME is expected to trade around $38.50 next week, with a bearish outlook due to current technical indicators.
Recommendation:
Sell FRME at the current price level, as technical indicators suggest bearish momentum.
FRME Similar Chart Price Prediction
The price of FRME is predicted to go up 9.45%, based on the high correlation periods with ABUS. The similarity of these two price pattern on the periods is 94.76%.
FRME
ABUS
Up: 9.45%Similarity: 94.76%
FRME Revenue Forecast
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FRME Analyst's Forecast
Damon Delmonte
Keefe, Bruyette & Woods
Buy
2025-01-31
Price Target
$50 → $52
Upside
+17.01%
Keefe Bruyette analyst Damon DelMonte raised the firm's price target on First Merchants to $52 from $50 and keeps an Outperform rating on the shares.
Daniel Tamayo
Raymond James
Buy
2025-01-31
Price Target
$42 → $50
Upside
+12.51%
Nathan Race
Piper Sandler
Buy
2025-01-31
Price Target
$52 → $55
Upside
+23.76%
