To predict the stock price of Hexcel (HXL) for the next trading week, we analyze both technical indicators and recent news sentiment.
Hexcel's stock is currently showing bearish signals. The Relative Strength Index (RSI) is at 26.10, indicating oversold conditions. The MACD is negative at -1.65, suggesting downward momentum. The stock is trading below its 20, 50, and 200-day moving averages, which further confirms the bearish trend.
Recent news indicates negative sentiment. Hexcel was part of an ETF with unusual volume on Friday, where it fell by 4.2% and was one of the worst performers. Additionally, Hexcel dropped 3.6% post-earnings, reflecting investor concern.
The Fibonacci levels show a pivot point at 60.65, with resistance at 63.46 and support at 57.84. The stock is currently near the lower end of this range, suggesting potential resistance if it attempts to rise.
Based on the bearish technical indicators and negative news sentiment, Hexcel's stock is expected to continue its downward trend. The stock is likely to test the lower support level of 57.84 next week.
Price Prediction: $57.84
Recommendation: Sell
The price of HXL is predicted to go up -38.81%, based on the high correlation periods with OCX. The similarity of these two price pattern on the periods is 97.38%.
HXL
OCX
Commercial aerospace manufacturing has a highly visible revenue runway from increasing flights per capita, despite covid, as middle-class demand in emerging markets grows.
Hexcel has long-term sole-sources contracts for most of its revenue, which we believe creates substantial switching costs for customers.
Composites, Hexcel's primary product, have increased as a proportion of aircraft weight with each successive generation of aircraft.
RBC Capital
2025-01-24
Price Target
$74 → $82
Upside
+21.3%
Truist Securities
2025-01-24
Price Target
$76 → $85
Upside
+25.74%
RBC Capital
2024-12-19
Price Target
$68 → $74
Upside
+17.35%