JWN Price Prediction Next Week
Technical Analysis
Based on the latest technical indicators for JWN:
- RSI-14 at 58.42 indicates neutral momentum, slightly approaching overbought territory
- MACD (12,26,9) shows a bullish signal with MACD line at 0.07 above signal line
- Stock is trading above all major moving averages (5,10,20,60,200-day SMAs)
- Bollinger Bands show price near the upper band with BBP at 0.65, suggesting strong upward momentum
News Analysis
A significant development has emerged with JWN being acquired by the Nordstrom Family and El Puerto de Liverpool for $24.25 per share in cash. This acquisition news provides a clear price target and explains the recent price movements.
Price Prediction for Next Week
Based on Fibonacci levels and current technical setup:
- Support levels: $24.29, $24.26, $24.23
- Resistance levels: $24.36, $24.39, $24.43
- Current price: $24.33
Given the acquisition price of $24.25 and current market conditions, JWN is likely to trade within a narrow range between $24.23-$24.43 next week. The stock should maintain stability around the acquisition price of $24.25.
Trading Recommendation
HOLD - With the pending acquisition at $24.25 per share, there's limited upside potential from current levels ($24.33). New positions are not recommended as:
- Current price is already above the acquisition price
- Limited price movement expected due to the pending transaction
- Risk of deal failure exists, though minimal
JWN Similar Chart Price Prediction
The price of JWN is predicted to go up -9.46%, based on the high correlation periods with HRL. The similarity of these two price pattern on the periods is 95.6%.
JWN
HRL
Down: -9.46%Similarity: 95.6%
JWN Revenue Forecast
JWN EPS Forecast
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JWN VS S&P500
Nordstrom's digital sales were about $5.2 billion in 2023, making it one of the largest e-commerce firms in the United States.
As an operator of both an upscale department store and a discount chain, Nordstrom can reach a broader customer base than many competitors. Moreover, the availability of upscale brands at Rack provides an advantage over other discounters.
Nordstrom has reduced supply chain expenses over the past two years while improving delivery speed for customers.
JWN Analyst's Forecast
Paul Kearney
Barclays
Hold
2025-01-16
Price Target
$23 → $24
Downside
-0.41%
Barclays raised the firm's price target on Nordstrom to $24 from $23 and keeps an Equal Weight rating on the shares. The firm says preliminary Q4 results for the specialty retailers are strong, as holiday demand topped expectations. The consumer remains resilient and is responding to promotions, the analyst tells investors in a research note.
Jay Sole
UBS
Strong Sell → Hold
2025-01-10
Price Target
$15 → $24
Downside
-0.04%
Dana Telsey
Telsey Advisory Group
Hold
2024-12-24
Price Target
$26 → $24
Downside
-0.87%
