KEX Price Prediction Next Week
Technical Analysis: KEX is currently trading at $109.93, showing a positive momentum with RSI-14 at 53.82 indicating neutral territory. The stock is trading below its 200-day SMA ($117.60) but above its 20-day SMA ($108.31), suggesting a short-term bullish trend within a longer-term bearish framework.
Price Target Analysis: Based on Fibonacci levels, key resistance levels are at $109.84 (R1) and $110.95 (R2), while support levels are at $106.27 (S1) and $105.16 (S2). The current price is testing the R1 level.
News Sentiment: Recent analyst coverage remains bullish:
- Evercore ISI maintains Buy rating with $140 price target
- Bank of America Securities maintains Buy with $133 target
- Strong Buy consensus with average target of $136, implying 24.60% upside
Next Week Price Prediction: Based on technical indicators and current momentum:
- Expected trading range: $106.27 - $112.74
- Most likely target: $111.50
- Probability of upward movement: 65%
Trading Recommendation: BUY Entry point: Current level ($109.93) Target: $111.50 (Short-term) Stop loss: $106.27 (S1 level)
Rationale:
- Positive momentum with regular market gain of 1.40%
- Price consolidating above 20-day SMA
- Strong analyst consensus supporting upward movement
- RSI showing room for upward movement without being overbought
KEX Similar Chart Price Prediction
The price of KEX is predicted to go up -1.79%, based on the high correlation periods with CATX. The similarity of these two price pattern on the periods is 91.12%.
KEX
CATX
Down: -1.79%Similarity: 91.12%
