Based on the provided data and technical analysis, here's the price prediction for FUN (Six Flags Entertainment Corporation) for the next trading week:
Technical Analysis
- Current price: $43.28 (as of Feb 14, 2025 close)
- RSI-14: 40.39 (indicating neutral to slightly oversold conditions)
- MACD: Bearish signal with MACD at -0.78 and signal line at -0.68
- Moving Averages:
- SMA 5: $43.22
- SMA 20: $44.34
- SMA 200: $44.81
- Currently trading below all major moving averages, suggesting bearish pressure
Price Targets
- Fibonacci levels indicate:
- Resistance 1: $45.18
- Support 1: $42.80
- Resistance 2: $45.91
- Support 2: $42.07
News Impact
- Recent news indicates mixed sentiment. While the broader entertainment sector faces some headwinds due to high costs affecting consumer spending, Six Flags is scheduled to report Q4 2024 earnings on February 27, 2025.
Price Prediction for Next Week
Based on technical indicators and current market conditions:
- Bearish scenario (60% probability): Price likely to test support at $42.80, with potential to drop to $42.07
- Neutral scenario (30% probability): Trading range between $42.80-$43.90
- Bullish scenario (10% probability): Limited upside potential to $44.34 (20-day SMA)
Trading Recommendation: SELL
- Entry point: Current market price ($43.28)
- Target: $42.80
- Stop loss: $44.34 (20-day SMA)
The bearish momentum and weak technical indicators suggest downward pressure in the short term. The stock is trading below key moving averages with negative MACD crossover, indicating selling pressure likely to continue.
Based on the provided data and technical analysis, here's the price prediction for FUN (Six Flags Entertainment Corporation) for the next trading week:
Technical Analysis
- Current price: $43.28 (as of Feb 14, 2025 close)
- RSI-14: 40.39 (indicating neutral to slightly oversold conditions)
- MACD: Bearish signal with MACD at -0.78 and signal line at -0.68
- Moving Averages:
- SMA 5: $43.22
- SMA 20: $44.34
- SMA 200: $44.81
- Currently trading below all major moving averages, suggesting bearish pressure
Price Targets
- Fibonacci levels indicate:
- Resistance 1: $45.18
- Support 1: $42.80
- Resistance 2: $45.91
- Support 2: $42.07
News Impact
- Recent news indicates mixed sentiment. While the broader entertainment sector faces some headwinds due to high costs affecting consumer spending, Six Flags is scheduled to report Q4 2024 earnings on February 27, 2025.
Price Prediction for Next Week
Based on technical indicators and current market conditions:
- Bearish scenario (60% probability): Price likely to test support at $42.80, with potential to drop to $42.07
- Neutral scenario (30% probability): Trading range between $42.80-$43.90
- Bullish scenario (10% probability): Limited upside potential to $44.34 (20-day SMA)
Trading Recommendation: SELL
- Entry point: Current market price ($43.28)
- Target: $42.80
- Stop loss: $44.34 (20-day SMA)
The bearish momentum and weak technical indicators suggest downward pressure in the short term. The stock is trading below key moving averages with negative MACD crossover, indicating selling pressure likely to continue.