FYBR Price Prediction Next Week
Analysis and Insights
To predict the stock price of Frontier Communications Parent (FYBR) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
FYBR's current price is $36, with key technical indicators showing:
- RSI (14): 48.61, indicating a neutral position.
- Stochastic Oscillator: Oversold territory with K at 36.19 and D at 41.28.
- MACD: A slight bullish signal with MACD at 0.03 and Signal at -0.02.
- Fibonacci Levels: Pivot at $35.84, with resistance at $36.03 and support at $35.65.
News Sentiment:
- FCC's Stance on DEI Policies: The FCC's decision to block mergers involving companies with DEI policies could impact FYBR, particularly Verizon's acquisition of Frontier Communications. This regulatory uncertainty may weigh on the stock price.
- Analyst Ratings: Gregory Williams from TD Cowen maintained a Hold rating with a $38.50 target, while the consensus is a Moderate Sell.
Price Prediction and Recommendation:
Given the technical indicators and news, FYBR is expected to trade around $35.50 next week. The stock is near key support levels, and the FCC's regulatory concerns may lead to a slight decline.
Recommendation: Sell if the price approaches resistance levels, as it may drop towards lower support.
FYBR Similar Chart Price Prediction
The price of FYBR is predicted to go up -28.57%, based on the high correlation periods with ATYR. The similarity of these two price pattern on the periods is 92.28%.
FYBR
ATYR
Down: -28.57%Similarity: 92.28%
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FYBR Analyst's Forecast
Frank Louthan
Raymond James
Strong Buy → Hold
2024-10-28
Price Target
n/a
Downside
0%
Raymond James downgraded Frontier Communications (FYBR) to Market Perform from Strong Buy without a price target citing the pending buyout by Verizon (VZ). The firm sees "limited ability to shake down Verizon" for additional consideration in the shareholder vote for the downgrade. It believes the shareholder vote on the pending can get through, "and while slightly higher valuations could be justified, we do not expect them to emerge."
Peter Supino
Wolfe Research
Buy → Hold
2024-09-30
Price Target
n/a
Downside
0%
