KRP Price Prediction Next Week
Stock Price Prediction for Kimbell Royalty Partners (KRP)
Technical Analysis:
- RSI (14): 45.65 (Below 50, indicating bearish momentum)
- MACD: -0.32 (Negative, suggesting selling pressure)
- Fibonacci Pivot: $13.97 (Current price is $14.21, indicating potential resistance)
- Fibonacci Resistance Levels: $14.27, $14.46
- Fibonacci Support Levels: $13.67, $13.49
News Sentiment and Fundamental Analysis:
- Zacks Rank: Added to Strong Sell list due to downward earnings revisions.
- Dividend: Upcoming ex-dividend date on 3/18/25, expected to open lower.
- Oversold Condition: Previously reached an RSI of 28.2, indicating potential buying opportunities.
Price Prediction:
- Target Price: $14.20 (Expected to hover around the Fibonacci pivot)
- Resistance: $14.27, $14.46
- Support: $13.67, $13.49
Recommendation:
- Action: Sell or Hold
- Rationale: While the stock shows some oversold conditions, the technical indicators and negative news suggest continued weakness. The stock is likely to struggle near resistance levels, and the upcoming dividend could add downward pressure.
KRP Similar Chart Price Prediction
The price of KRP is predicted to go up 15.6%, based on the high correlation periods with BRFS. The similarity of these two price pattern on the periods is 98.37%.
KRP
BRFS
Up: 15.6%Similarity: 98.37%
KRP Revenue Forecast
KRP EPS Forecast
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KRP Analyst's Forecast
Neal Dingmann
Truist Securities
Strong Buy → Hold
2025-03-04
Price Target
$22 → $16
Upside
+15.61%
Truist downgraded Kimbell Royalty Partners to Hold from Buy with a price target of $16, down from $22.
John Freeman
Raymond James
Strong Buy
2025-01-23
Price Target
$19 → $23
Upside
+43.93%
Neal Dingmann
Truist Securities
Strong Buy
2025-01-13
Price Target
$21 → $22
Upside
+38.19%
