IESC Price Prediction Next Week
Technical Analysis
IESC is currently showing bearish signals with RSI at 37.08, indicating a moderately oversold condition. The stock is trading below both its 5-day (210.38) and 10-day (216.93) moving averages, suggesting short-term weakness. The MACD (-9.11) and its histogram (-3.22) are both negative, confirming the bearish momentum.
Price Action Analysis
- Current price: $192.93
- Recent high: $203.69
- Recent low: $190.99
- Trading below all major moving averages (5,10,20-day)
- Bollinger Band Position: 0.23, indicating potential downside continuation
News Impact Recent positive mention by Jim Cramer, who praised IES Holdings' CEO Jeffrey Gendell as "an amazing man." The company reported strong quarterly earnings of $2.64 per share, up from $1.86 year-over-year, with revenues increasing to $749.50 million from $634.40 million.
Price Prediction for Next Week Based on technical indicators and Fibonacci levels:
- Support levels: $196.83 (S1), $183.22 (S2)
- Resistance levels: $240.89 (R1), $254.51 (R2)
Given the current bearish momentum and technical setup, IESC is likely to test the first support level at $196.83. If this level breaks, expect further decline to $183.22.
Trading Recommendation: SELL
- Entry: Current market price ($192.93)
- Target: $183.22
- Stop Loss: $203.69 (recent high)
The stock shows clear bearish signals across multiple technical indicators, suggesting further downside in the coming week. Despite positive fundamental news, the technical picture remains weak, and the stock is likely to continue its downward trend.
IESC Similar Chart Price Prediction
The price of IESC is predicted to go up -27.54%, based on the high correlation periods with SMMT. The similarity of these two price pattern on the periods is 95.24%.
IESC
SMMT
Down: -27.54%Similarity: 95.24%
