IX Price Prediction Next Week
Technical Analysis: Based on the recent price movement of IX (ORIX Corporation), the stock shows a bullish trend in the short term. The stock closed at $100.92 on Friday, February 16, 2025, with a trading volume of 16,700 shares.
Price Levels Analysis:
- Support level: $99.75 (Previous week's low)
- Resistance level: $101.45 (Friday's high)
- Current price is trading above both 5-day and 10-day moving averages, indicating bullish momentum
News Impact: Recent significant news that could impact IX's price movement:
- Tesla will supply Megapack batteries to ORIX's power storage facility in Maibara, Japan, with operations starting in 2027
- ORIX completed a secondary offering of Ormat Technologies shares in December 2024
Next Week's Price Prediction: Based on technical analysis and recent news sentiment:
- Target price range: $101.50 - $102.80
- The stock is likely to test the resistance level at $101.45 early in the week
- If broken, next resistance would be around $102.80
Trading Recommendation: BUY
- Entry point: Current market price ($100.92)
- First target: $101.45
- Second target: $102.80
- Stop loss: $99.75
The positive news about the Tesla partnership and strong technical indicators suggest upward momentum for the coming week. The stock is showing strength above key moving averages with increasing volume, indicating potential for further gains.
IX Similar Chart Price Prediction
The price of IX is predicted to go up -4.56%, based on the high correlation periods with UPLD. The similarity of these two price pattern on the periods is 93.91%.
IX
UPLD
Down: -4.56%Similarity: 93.91%
