ITRI Price Prediction Next Week
Technical Analysis:
Based on recent price action, ITRI has shown significant weakness, falling 3.84% to close at $93.94 on February 21, 2025. The stock has broken below its critical moving average and entered oversold territory with an RSI reading of 29.8.
Support and Resistance Levels:
- Key resistance: $98.07 (accumulated volume level)
- Next resistance: $100.80 (Fibonacci)
- Support: $93.44 (Fibonacci)
- Critical support: $90.15 (Fibonacci)
News Sentiment Analysis: Recent news indicates ITRI has crossed below its 200-day moving average, suggesting deteriorating technical conditions. The stock is currently trading significantly below its 52-week high of $124.90, showing bearish momentum.
Price Prediction for Next Week (Feb 24-28, 2025):
Based on technical indicators and volume analysis:
- Opening price expectation: $95.47
- Trading range: $91.27 - $96.61
- Volatility expectation: ±2.84% daily movement
Key Catalysts:
- Upcoming earnings release on February 25, 2025 (BMO)
- Consensus EPS expectation: $1.05
- Expected post-earnings volatility: ±8.35%
Trading Recommendation: SELL with the following rationale:
- Broken technical support levels
- Negative MACD signal
- High volatility expected around earnings
- No significant volume support below current price
Price Targets:
- Short-term (1 week): $90.15 (Fibonacci support)
- Stop-loss: $98.07 (volume resistance)
ITRI Similar Chart Price Prediction
The price of ITRI is predicted to go up 46.3%, based on the high correlation periods with HROW. The similarity of these two price pattern on the periods is 96.34%.
ITRI
HROW
Up: 46.3%Similarity: 96.34%
ITRI Revenue Forecast
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ITRI Analyst's Forecast
Jeffrey Osborne
TD Cowen
Strong Buy
2024-11-01
Price Target
$125 → $136
Upside
+21.63%
TD Cowen analyst Jeff Osborne raised the firm's price target on Itron to $136 from $125 and keeps a Buy rating on the shares. The firm said they posted strong execution and sluggish bookings but a Q4 spike is anticipated so guidance was raised.
Chip Moore
Roth MKM
Strong Buy
2024-11-01
Price Target
$125 → $130
Upside
+16.27%
Kashy Harrison
Piper Sandler
Hold
2024-11-01
Price Target
$110 → $119
Upside
+6.43%
