GNW Price Prediction Next Week
Analysis and Insights
To predict the stock price of Genworth Financial (GNW) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
- RSI (14): 43.87, indicating the stock is not in oversold territory but shows potential for upward movement.
- Fibonacci Levels: Pivot at $6.68, with resistance at $6.94 and support at $6.41.
- Moving Averages: The stock is trading below its 50-day SMA ($6.96) but above its 20-day SMA ($6.71), suggesting a potential bullish reversal.
News Sentiment:
- Earnings Conference Call: The Q4 2024 earnings call on February 19, 2025, has already occurred, with the market reacting positively, as seen in the recent price increase.
- Stock Performance: GNW's current price near the lower end of its 52-week range ($5.67 - $7.90) suggests a potential buying opportunity.
Price Prediction:
Based on the analysis, GNW is expected to reach $7.00 in the next trading week, with a BUY recommendation. The stock has shown recent strength, and breaking above $6.94 could push it towards $7.10. However, failure to breach this resistance may lead to a test of the $6.41 support level.
GNW Similar Chart Price Prediction
The price of GNW is predicted to go up -24.3%, based on the high correlation periods with SMPL. The similarity of these two price pattern on the periods is 97.63%.
GNW
SMPL
Down: -24.3%Similarity: 97.63%
