KEY Price Prediction Next Week
Technical Analysis
- RSI (14) at 38.85 indicates oversold conditions
- MACD showing bearish momentum with -0.04 and negative histogram
- Price trading below all major moving averages (5,10,20,60-day SMAs)
- Bollinger Bands showing price at lower band, suggesting potential bounce
News Impact
- Director purchased 50,000 shares at ~$17.82 on Feb 5th, showing insider confidence
- Put options volume increased significantly with bearish sentiment
- Wells Fargo maintained Buy rating with $22 price target
- Consensus among 13 analysts shows moderate buy rating with average target of $20.65
Price Prediction for Next Week Based on technical indicators and Fibonacci levels:
- Resistance: $17.98 (R1), $18.25 (R2)
- Support: $17.10 (S1), $16.83 (S2)
Most likely scenario:
- Initial bounce from oversold conditions to test $17.54 (Fibonacci pivot)
- If unable to break above pivot, likely retest of $17.10 support
- Price target range: $17.10-$17.54
Recommendation: HOLD
- Current price showing oversold conditions but bearish momentum persists
- Wait for confirmation of trend reversal before entering new positions
- Key level to watch: $17.54 pivot point
KEY Similar Chart Price Prediction
The price of KEY is predicted to go up -21.98%, based on the high correlation periods with IRWD. The similarity of these two price pattern on the periods is 90.86%.
KEY
IRWD
Down: -21.98%Similarity: 90.86%
KEY Revenue Forecast
KEY EPS Forecast
KEY FAQs
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KEY VS S&P500
KeyCorp's valuation is not demanding. As long as the bank can avoid a dilutive capital raise or some other complete disaster, there should be upside in the name.
The bank could eventually see extra growth from its digital initiatives or from a recovery in its capital markets segment.
Key should have a unique tailwind for its currently depressed NII as certain interest rate hedges roll off through 2025.
KEY Analyst's Forecast
Brian Foran
Truist Securities
Hold
2025-01-07
Price Target
$19
Upside
+10.53%
Truist initiated coverage of KeyCorp with a Hold rating and $19 price target. KeyCorp is "one of the few regionals that got hurt the most by the recent hike cycle," says the analyst, who notes that the issues that caused this "will course correct through 2025 and beyond."
Jason Goldberg
Barclays
Hold
2025-01-06
Price Target
$19 → $21
Upside
+20.83%
Scott Siefers
Piper Sandler
Buy
2024-12-03
Price Target
$19 → $22
Upside
+16.96%
