KSPI Price Prediction Next Week
Technical Analysis: Based on recent price action, KSPI shows strong bullish momentum with RSI-14 at 71.61 indicating overbought conditions. The stock is trading above all major moving averages (5,10,20,60,200-day SMAs), suggesting a robust uptrend.
Price Targets for Next Week:
- Support levels: $94.08 (Fibonacci S1), $89.72 (Fibonacci S2)
- Resistance levels: $108.21 (Fibonacci R1), $112.57 (Fibonacci R2)
News Sentiment: J.P. Morgan analysts have highlighted KSPI as their top pick for 2025, citing strong fundamentals despite reducing their price target to $137 from $154. The fintech sector is expected to benefit from lower interest rates and improved funding access in 2025.
Price Prediction: Given the technical indicators and positive analyst outlook, KSPI is expected to test the Fibonacci R1 level at $108.21 next week. However, the overbought RSI suggests a potential short-term pullback first.
Trading Recommendation: HOLD
- Current price appears extended after recent rally
- Wait for pullback to Fibonacci S1 ($94.08) for better entry
- Short-term target: $108.21
- Stop loss: Below $89.72
KSPI Similar Chart Price Prediction
The price of KSPI is predicted to go up -7.46%, based on the high correlation periods with RFL. The similarity of these two price pattern on the periods is 95.85%.
KSPI
RFL
Down: -7.46%Similarity: 95.85%
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KSPI Analyst's Forecast
Reginald Smith
JP Morgan
Buy
2024-12-02
Price Target
$154 → $137
Upside
+29.04%
JPMorgan lowered the firm's price target on Kaspi.kz to $137 from $154 and keeps an Overweight rating on the shares. The firm updated financial technology price targets heading into 2025. Looking to 2025, lower benchmark rates and an improved third party funding environment should spur increased loan origination volume and healthier margins for fintech lenders, the analyst tells investors in a research note. JPMorgan views Shopify (SHOP) and Affirm (AFRM) as core holdings, saying both are growing revenue and volume at or above pandemic levels, "defying broader e-commerce trends." Kaspi.kz (KSPI) is JPMorgan's top pick for 2025.The company's underlying fundamentals "are as strong as ever and low hanging fruit on the investor messaging side should drive improved stock sentiment," it contends.
Ygal Arounian
Citigroup
Strong Buy
2024-11-04
Price Target
$140
Upside
+27.15%
