Based on the provided data and recent news, here's the analysis for FUN stock's next trading week:
Technical Analysis
The stock is currently showing bearish signals with RSI at 36.61, indicating oversold conditions. The MACD is at -0.64, suggesting downward momentum. The stock is trading above its 200-day SMA of $44.39 but below its 20-day SMA of $46.74, indicating short-term weakness.
News Impact
A new wildfire in Los Angeles County near Six Flags Magic Mountain Valencia location has emerged. This could potentially impact park operations and visitor numbers in the short term. However, the park employs 3,000 people and is a significant revenue generator for the company.
Analyst Sentiment
Recent analyst coverage remains bullish:
- Stifel Nicolaus maintains Buy rating with $64 price target
- Truist Financial maintains Buy with $56 target
- Overall consensus is Moderate Buy with average target of $53.33
Financial Performance
The company reported strong quarterly results:
- Revenue: $1.35 billion
- Net profit: $110.97 million
- Significant growth from previous year's revenue of $547.46 million
Price Prediction for Next Week
Based on technical indicators and recent events:
- Support level: $45.51
- Resistance level: $47.41
- Target price range: $46.50 - $48.00
Trading Recommendation
BUY at current levels ($47.88) with:
- Entry: $47.88
- Target: $48.00 (2.5% upside)
- Stop loss: $46.50 (-2.9% downside)
The recommendation is based on:
- Oversold RSI conditions suggesting potential bounce
- Strong analyst support with significant upside targets
- Solid financial performance
- Current price sitting near technical support levels
Based on the provided data and recent news, here's the analysis for FUN stock's next trading week:
Technical Analysis
The stock is currently showing bearish signals with RSI at 36.61, indicating oversold conditions. The MACD is at -0.64, suggesting downward momentum. The stock is trading above its 200-day SMA of $44.39 but below its 20-day SMA of $46.74, indicating short-term weakness.
News Impact
A new wildfire in Los Angeles County near Six Flags Magic Mountain Valencia location has emerged. This could potentially impact park operations and visitor numbers in the short term. However, the park employs 3,000 people and is a significant revenue generator for the company.
Analyst Sentiment
Recent analyst coverage remains bullish:
- Stifel Nicolaus maintains Buy rating with $64 price target
- Truist Financial maintains Buy with $56 target
- Overall consensus is Moderate Buy with average target of $53.33
Financial Performance
The company reported strong quarterly results:
- Revenue: $1.35 billion
- Net profit: $110.97 million
- Significant growth from previous year's revenue of $547.46 million
Price Prediction for Next Week
Based on technical indicators and recent events:
- Support level: $45.51
- Resistance level: $47.41
- Target price range: $46.50 - $48.00
Trading Recommendation
BUY at current levels ($47.88) with:
- Entry: $47.88
- Target: $48.00 (2.5% upside)
- Stop loss: $46.50 (-2.9% downside)
The recommendation is based on:
- Oversold RSI conditions suggesting potential bounce
- Strong analyst support with significant upside targets
- Solid financial performance
- Current price sitting near technical support levels