Technical Analysis: FTAI is currently trading at $115, showing a pre-market increase of 1.91%. The stock has experienced significant volatility recently, with RSI at 46.91 indicating neutral momentum. The 20-day SMA stands at $113.38, suggesting a slight upward trend.
Recent Events Impact: The stock faced significant pressure after two short-seller reports. Snowcap Research's report on January 29, 2025, caused a 10% drop to $89.86. However, the stock has shown resilience, recovering to current levels around $115. The company strongly disagrees with the short-seller claims and is conducting an internal review.
Price Levels Analysis: Key Fibonacci levels indicate:
Next Week Price Prediction: Based on technical indicators and recent news:
Trading Recommendation: HOLD position for next week. The stock shows mixed signals with recent bullish cross above moving average but ongoing concerns from short-seller reports. Wait for the company's Q4 results scheduled for February 26, 2025, which could provide more clarity on the business fundamentals.
Target entry for new positions: Wait for either a pullback to $104-105 support level or a clear break above $118.80 with strong volume.
The price of FTAI is predicted to go up 33%, based on the high correlation periods with SVC. The similarity of these two price pattern on the periods is 97.02%.
FTAI
SVC
Wolfe Research
2025-01-10
Price Target
$190
Upside
+9.18%
Stifel
2024-12-31
Price Target
$156 → $167
Upside
+15.94%
Compass Point
2024-12-17
Price Target
$175 → $181
Upside
+39.07%