Technical Analysis:
Based on the latest price data for FUN, the stock shows mixed signals:
- RSI (14) at 50.20 indicates neutral momentum
- MACD shows a slightly bearish signal with -0.09, though the histogram (0.32) suggests potential upward momentum
- Stochastic RSI (14,14,3,3) at 77.72 indicates overbought conditions
- Price is trading between the 20-day SMA (44.55) and 60-day SMA (46.13)
Price Levels:
- Current price: $45.09 (as of Feb 21, 2025)
- Key resistance: $46.87 (recent high)
- Support level: $44.71 (recent low)
- Bollinger Bands suggest moderate volatility with:
- Upper band: $47.94
- Middle band: $44.55
- Lower band: $41.16
News Impact:
Recent news indicates Six Flags Entertainment (FUN) will report Q4 2024 earnings on February 27, 2025. The company has shown positive momentum with shares jumping 3.8% over the trailing 12 months.
Price Prediction for Next Week:
Based on technical indicators and upcoming earnings:
- Bullish scenario (60% probability): $46.50-47.00
- Bearish scenario (40% probability): $43.50-44.00
Trading Recommendation: SELL
Rationale:
- Overbought conditions on stochastic indicators
- Upcoming earnings report creates uncertainty
- Price approaching upper Bollinger Band resistance
- Recent price action shows weakening momentum
Set stop-loss at $46.90 (above recent high) and take profit at $43.50 (near middle Bollinger Band).
Technical Analysis:
Based on the latest price data for FUN, the stock shows mixed signals:
- RSI (14) at 50.20 indicates neutral momentum
- MACD shows a slightly bearish signal with -0.09, though the histogram (0.32) suggests potential upward momentum
- Stochastic RSI (14,14,3,3) at 77.72 indicates overbought conditions
- Price is trading between the 20-day SMA (44.55) and 60-day SMA (46.13)
Price Levels:
- Current price: $45.09 (as of Feb 21, 2025)
- Key resistance: $46.87 (recent high)
- Support level: $44.71 (recent low)
- Bollinger Bands suggest moderate volatility with:
- Upper band: $47.94
- Middle band: $44.55
- Lower band: $41.16
News Impact:
Recent news indicates Six Flags Entertainment (FUN) will report Q4 2024 earnings on February 27, 2025. The company has shown positive momentum with shares jumping 3.8% over the trailing 12 months.
Price Prediction for Next Week:
Based on technical indicators and upcoming earnings:
- Bullish scenario (60% probability): $46.50-47.00
- Bearish scenario (40% probability): $43.50-44.00
Trading Recommendation: SELL
Rationale:
- Overbought conditions on stochastic indicators
- Upcoming earnings report creates uncertainty
- Price approaching upper Bollinger Band resistance
- Recent price action shows weakening momentum
Set stop-loss at $46.90 (above recent high) and take profit at $43.50 (near middle Bollinger Band).