Technical Analysis:
HWM experienced a significant decline of 6.22% to $129.83 on Friday, marking its second consecutive day of losses. The stock is showing signs of technical weakness.
- RSI-14 at 53.72 indicates neutral momentum
- MACD (12,26,9) shows positive but weakening momentum with MACD at 3.91 and signal line at 3.68
- Price is trading above all major moving averages (SMA 5,10,20,60,200)
- Bollinger Bands show price near the upper band with BBP at 0.52, suggesting potential for mean reversion
Support and Resistance Levels:
- Fibonacci levels indicate:
- Immediate support: $124.92
- Strong support: $120.71
- Immediate resistance: $138.54
- Strong resistance: $142.75
News Analysis:
- Recent Q4 earnings showed strong performance:
- Revenue grew 9% YoY to $1.89B
- Commercial aerospace sales up 13%
- Adjusted EPS of $0.74 beat estimates
- Management provided cautious 2025 outlook citing Boeing and Airbus production uncertainties
- Stock gaining attention in Benzinga's Stock Whisper Index
Price Prediction for Next Week:
Based on technical indicators and recent price action, HWM is likely to experience a short-term pullback:
- Target Price Range: $124-127
- Bearish factors:
- Overbought conditions on shorter timeframes
- Recent sharp decline showing selling pressure
- Cautious management outlook
- Recommendation: SELL with stop-loss at $133
The stock may find support around the Fibonacci S1 level ($124.92) before potentially stabilizing. Current market conditions and technical setup suggest better entry points will likely emerge in the coming weeks.
Technical Analysis:
HWM experienced a significant decline of 6.22% to $129.83 on Friday, marking its second consecutive day of losses. The stock is showing signs of technical weakness.
- RSI-14 at 53.72 indicates neutral momentum
- MACD (12,26,9) shows positive but weakening momentum with MACD at 3.91 and signal line at 3.68
- Price is trading above all major moving averages (SMA 5,10,20,60,200)
- Bollinger Bands show price near the upper band with BBP at 0.52, suggesting potential for mean reversion
Support and Resistance Levels:
- Fibonacci levels indicate:
- Immediate support: $124.92
- Strong support: $120.71
- Immediate resistance: $138.54
- Strong resistance: $142.75
News Analysis:
- Recent Q4 earnings showed strong performance:
- Revenue grew 9% YoY to $1.89B
- Commercial aerospace sales up 13%
- Adjusted EPS of $0.74 beat estimates
- Management provided cautious 2025 outlook citing Boeing and Airbus production uncertainties
- Stock gaining attention in Benzinga's Stock Whisper Index
Price Prediction for Next Week:
Based on technical indicators and recent price action, HWM is likely to experience a short-term pullback:
- Target Price Range: $124-127
- Bearish factors:
- Overbought conditions on shorter timeframes
- Recent sharp decline showing selling pressure
- Cautious management outlook
- Recommendation: SELL with stop-loss at $133
The stock may find support around the Fibonacci S1 level ($124.92) before potentially stabilizing. Current market conditions and technical setup suggest better entry points will likely emerge in the coming weeks.