Stock Price Prediction

Technical Analysis: FUTU is currently trading at $109.67 in pre-market with a +3.81% gain. The stock shows strong momentum with RSI-14 at 64.69, approaching but not yet in overbought territory. The MACD reading of 4.15 indicates positive momentum. The stock is trading above both its 20-day SMA ($91.13) and 200-day SMA ($78.19), suggesting a strong uptrend.

News Sentiment Analysis: Recent news indicates mixed sentiment:

• A survey by Moomoo (FUTU) revealed retail investors are becoming more cautious about market valuations, particularly in tech stocks.
• The stock recently crossed below its 200-day moving average, with a 52-week range of $43.61 to $130.50.

Price Prediction for Next Week: Based on Fibonacci levels:

• Support levels: S1: $92.64, S2: $88.94, S3: $82.95
• Resistance levels: R1: $104.61, R2: $108.31, R3: $114.29
• Pivot point: $98.62

Target Price Forecast: Given the technical indicators and current market sentiment, FUTU is likely to trade between $104-$114 next week. The primary target is $109 with potential to test R3 at $114.29 if market momentum remains strong.

Trading Recommendation: BUY with entry point at current levels ($109.67) or on pullbacks to $104-$105 range. Set stop loss at $98.62 (pivot point) and take profit at $114.29 (R3).