Stock Price Prediction

Technical Analysis: KNTK is currently trading at $62.56, showing a neutral RSI-14 reading of 53.90, indicating balanced momentum. The stock is trading above its 60-day SMA of $59.92 but slightly below its 20-day SMA of $63.97, suggesting short-term resistance. The MACD indicator shows a positive value of 1.04, indicating potential upward momentum.

Fibonacci Levels: Key resistance levels are at $65.89 (R1) and $67.23 (R2), while support levels are at $61.57 (S1) and $60.23 (S2). The Fibonacci pivot point stands at $63.73.

News Sentiment Analysis: Recent analyst actions are notably bullish:

• BofA raised price target to $73 from $52, maintaining Buy rating
• RBC Capital maintains Buy rating with $67 target
• Mizuho Securities reiterated Buy with $70 target
• Current analyst consensus shows Moderate Buy with average target of $64.11

Price Prediction for Next Week: Based on technical indicators and analyst sentiment:

• Base case target: $64.50 (near Fibonacci pivot)
• Resistance: Strong resistance at $65.89 (Fibonacci R1)
• Support: Solid support at $61.57 (Fibonacci S1)

Trading Recommendation: BUY with entry point at current levels ($62.56) with initial target at $64.50. Set stop loss at $60.23 (Fibonacci S2). Strong analyst upgrades and positive MACD suggest upward momentum, while balanced RSI indicates room for growth without being overbought.