Stock Price Prediction

Technical Analysis: Based on the latest data, FTS shows strong technical signals with RSI-14 at 71.36 indicating overbought conditions. The stock is trading above all major moving averages (5,10,20,60,200,250 day SMAs), suggesting a robust upward trend.

Price Levels and Support/Resistance:

• Current Price: $44.01
• Key Resistance: $45.47 (Upper Bollinger Band)
• Key Support: $40.72 (Lower Bollinger Band)
• Fibonacci Levels:
  • R1: $45.08
  • R2: $46.07
  • S1: $41.85
  • S2: $40.86

Recent Performance and News Impact:

• Q4 2024 results exceeded expectations significantly with adjusted EPS of $0.83 vs $0.58 estimate
• Strong rate base growth and new customer rates drove a 25.8% YoY increase in adjusted EPS
• The company reaffirmed its $26 billion five-year capital plan through 2029
• Annual dividend growth guidance maintained at 4-6% through 2029

Price Prediction for Next Week: Based on technical indicators and recent fundamental developments:

• Bullish Scenario (60% probability): $45.50-46.00
  • Driven by continued momentum from strong earnings
  • Support from positive analyst sentiment
• Bearish Scenario (40% probability): $43.50-44.00
  • Potential profit-taking from overbought conditions
  • RSI suggesting possible short-term pullback

Trading Recommendation: SELL

• Current overbought conditions (RSI > 70)
• Price near upper Bollinger Band suggesting resistance
• Strong earnings already priced in
• Suggested exit price: $44.88-45.46 range