GNTX Price Prediction Next Week
Technical Analysis: Based on the recent price action, GNTX is showing bearish momentum with RSI-14 at 33.33 indicating oversold conditions. The stock is trading below all major moving averages (5,10,20,60,200,250 day SMAs), suggesting a strong downtrend.
The MACD indicator shows a bearish signal with MACD line (-1.01) below signal line (-0.93). The Bollinger Bands analysis indicates the price is trading near the lower band (21.56), with a bandwidth of 35.58 suggesting high volatility.
News Impact Analysis: Recent Q4 earnings report significantly impacted the stock price:
- Q4 net sales declined 8% YoY to $541.6M
- EPS of $0.39 missed consensus estimates
- Revenue guidance for 2025 ($2.4-2.45B) disappointed market expectations
- Full Display Mirror shipments were lower than expected, accounting for about half of the revenue shortfall
Price Prediction for Next Week: Based on technical indicators and Fibonacci levels:
- Support levels: $24.46 (S1), $24.12 (S2)
- Resistance levels: $25.55 (R1), $25.89 (R2)
Given the oversold conditions but continued bearish momentum, GNTX is likely to trade in the range of $24.12-$25.55 next week. The most probable scenario suggests:
- Initial support test around $24.46
- Potential bounce toward $25.00 (Fibonacci pivot)
- Week's closing price target: $24.80-$25.00
Trading Recommendation: HOLD
- Current price levels show oversold conditions but lack clear reversal signals
- Wait for confirmation of trend reversal before initiating new positions
- Key trigger points:
- Bullish case: Break above $25.55 with volume
- Bearish case: Break below $24.12 with volume
GNTX Similar Chart Price Prediction
The price of GNTX is predicted to go up -8.36%, based on the high correlation periods with AHCO. The similarity of these two price pattern on the periods is 98.38%.
GNTX
AHCO
Down: -8.36%Similarity: 98.38%
GNTX Revenue Forecast
GNTX EPS Forecast
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GNTX VS S&P500
Auto-dimming technology has applications to other parts of the car like headlights, as well as airplane windows and healthcare. Although small now, markets outside the auto industry could prove to be very large businesses down the road.
The company's financial health is so strong that we think Gentex can survive any downturn in the US easier than other auto suppliers can.
Biometrics, nanosensing, surgical room ultraviolet lighting, airplane windows, and electronic toll payments could open up meaningful new revenue streams for the company.
GNTX Analyst's Forecast
Ronald Jewsikow
Guggenheim
Strong Buy
2024-11-21
Price Target
$35 → $34
Upside
+13.79%
Guggenheim lowered the firm's price target on Gentex to $34 from $35 and keeps a Buy rating on the shares. Following Q3 results, the firm is updating estimates for its auto supplier and auto dealer coverage universe, noting that it believes the setup is more favorable for dealers in the near term.
David Leiker
Baird
Buy
2024-10-28
Price Target
$35 → $37
Upside
+18.21%
John Murphy
B of A Securities
Hold
2024-10-14
Price Target
$39 → $35
Upside
+18.44%
