HUT Price Prediction Next Week
Analysis and Insights
Based on the analysis of news sentiment and technical indicators, here is the prediction for HUT stock:
News Sentiment Impact:
- The cryptocurrency market, including Bitcoin, has shown significant declines recently, with Bitcoin falling below $80K. This has negatively impacted crypto-related stocks like HUT, which dropped 16% and 5.6% in recent sessions .
- Analysts predict further declines in Bitcoin, potentially by 50%, which could exacerbate the downward trend for HUT .
Technical Indicators Analysis:
- RSI: HUT's RSI_6 (48.22), RSI_12 (38.25), and RSI_14 (37.25) indicate bearish momentum.
- Stochastic Oscillator: StochK (35.97) and StochD (28.99) are below 50, suggesting an oversold condition without a clear bullish reversal.
- MACD: The MACD (-1.75) is negative, confirming the bearish trend.
- Moving Averages: HUT is trading below its SMA_5, SMA_10, SMA_20, SMA_50, SMA_200, and SMA_250, indicating a strong downtrend.
- Fibonacci Levels: The pivot point is at 12.27, with resistance levels at 13.21 (R1) and 13.78 (R2), and support levels at 11.33 (S1) and 10.76 (S2).
Price Prediction:
Given the bearish technical indicators and negative market sentiment, HUT is expected to decline further. The stock is likely to test the lower Fibonacci support levels.
Recommendation:
- Target Price: $10.50
- Action: Sell
HUT Similar Chart Price Prediction
The price of HUT is predicted to go up 24.63%, based on the high correlation periods with USAS. The similarity of these two price pattern on the periods is 97.93%.
HUT
USAS
Up: 24.63%Similarity: 97.93%
HUT Revenue Forecast
HUT EPS Forecast
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HUT Analyst's Forecast
Chris Brendler
Rosenblatt
Strong Buy
2025-03-07
Price Target
$23
Upside
+70.24%
Rosenblatt initiated coverage of Hut 8 with a Buy rating and $23 price target. The company's merger with US Bitcoin is set to unlock significant value for shareholders, and while the first year of integration has been impacted by restructuring, 2025 starts the growth phase of this "compelling combination", the analyst tells investors in a research note. With multiple revenue streams ramping as soon as Q1 and high-margin HPC expected to come online before the end of 2025, the stock is still cheap despite the recent outperformance, the firm added.
Mark Palmer
Benchmark
Strong Buy
2025-01-07
Price Target
$41
Upside
+64.99%
Brett Knoblauch
Cantor Fitzgerald
Buy
2025-01-07
Price Target
$35
Upside
+40.85%
