IDCC Price Prediction Next Week
Analysis and Insights
News Impact:
InterDigital (IDCC) recently announced a new multi-year license agreement with a major Chinese smartphone vendor, significantly boosting its first-quarter 2025 outlook. This agreement has increased the company's annualized recurring revenue (ARR) by $40 million, raising it to approximately $500 million. This development underscores IDCC's strong market position and growth momentum, driven by its advanced mobile and AI technologies.
Technical Analysis:
- RSI (14): 58.52 (Neutral, not overbought or oversold)
- MACD (12,26): 4.49 (Bullish crossover)
- SMA (20): 212.58 (Price trading above SMA_20)
- Fibonacci Pivot: 215.89 (Price trading above pivot)
The stock is currently trading above its 20, 50, and 200-day moving averages, indicating a bullish trend. The recent price action shows a bullish engulfing pattern, suggesting a potential reversal and further upside.
Price Prediction:
Based on the bullish technical indicators and positive news sentiment, IDCC is expected to reach $224 in the next trading week. The stock is likely to test the Fibonacci resistance level at 224.03.
Recommendation:
Buy IDCC at the current price level of $221.06, targeting $224 with a stop-loss at $215.89.
IDCC Similar Chart Price Prediction
The price of IDCC is predicted to go up -4.96%, based on the high correlation periods with WBS. The similarity of these two price pattern on the periods is 91.05%.
IDCC
WBS
Down: -4.96%Similarity: 91.05%
