GTX Price Prediction Next Week
Stock Price Prediction for GTX
Based on the analysis of news sentiment and technical indicators, here is the prediction for GTX's stock price for the next trading week:
News Sentiment Analysis:
- Recent News: Garrett Motion Inc. announced a $50 million annual dividend and a $250 million share buyback program, which are positive signals for investors. However, the stock price fell 1.3% on the day of the announcement, indicating short-term profit-taking or skepticism about the company's future growth.
Technical Indicators Analysis:
- RSI (14): 38.65, indicating the stock is not overbought and may have room for upside.
- MACD: The MACD line is slightly below the signal line, suggesting bearish momentum.
- Stochastic Oscillator: The %K line is below the %D line, indicating a bearish trend.
- Fibonacci Levels: The stock is currently trading near the lower end of the Fibonacci support range, with a pivot point at $9.03.
Price Prediction:
- Target Price: $8.60
- Recommendation: Sell
Conclusion:
The combination of bearish technical indicators and mixed news sentiment suggests that GTX's stock price is likely to decline in the next trading week.
GTX Similar Chart Price Prediction
The price of GTX is predicted to go up -9.12%, based on the high correlation periods with DLB. The similarity of these two price pattern on the periods is 96.73%.
GTX
DLB
Down: -9.12%Similarity: 96.73%
