KVUE Price Prediction Next Week
Based on the provided data and current market conditions, here is the analysis for KVUE's price prediction for next week:
Technical Analysis
The stock is showing bearish signals with RSI at 34.02, indicating oversold conditions but not yet at extreme levels. The stock is trading below both its 20-day (21.11) and 60-day (22.42) moving averages, suggesting a downward trend. The MACD is at -0.38, confirming the bearish momentum.
Price Levels Analysis
- Current Price: $20.78
- Fibonacci Support Levels:
- S1: $20.58
- S2: $20.38
- S3: $20.05
- Fibonacci Resistance Levels:
- R1: $21.24
- R2: $21.44
- R3: $21.77
News Sentiment Recent news indicates:
- The stock broke below its 200-day moving average
- Dividend yield crossed 4%, suggesting value potential
- High call volume relative to puts among S&P 500 components
Price Target for Next Week Based on technical indicators and current market conditions:
- Base case (60% probability): $20.35-20.65
- Bearish case (30% probability): $20.05-20.35
- Bullish case (10% probability): $20.65-21.00
Trading Recommendation: SELL Rationale:
- Negative technical indicators
- Below key moving averages
- Weak momentum signals
- Volume declining on price increases
The stock is likely to continue its downward trend next week with first support at $20.58. Any rebounds should be capped around $21.24 unless there's significant positive news.
KVUE Similar Chart Price Prediction
The price of KVUE is predicted to go up -35.37%, based on the high correlation periods with NVVE. The similarity of these two price pattern on the periods is 97.93%.
KVUE
NVVE
Down: -35.37%Similarity: 97.93%
KVUE Revenue Forecast
KVUE EPS Forecast
KVUE FAQs
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KVUE VS S&P500
With autonomy from its former parent, Kenvue can allocate resources to best fit its needs and grow the business.
Macro drivers like an aging population and premiumization of health care will act as tailwinds for all of Kenvue's brands.
Kenvue's continued focus on digital advertising and marketing will keep the company well-positioned to fend off any new competitors in e-commerce.
KVUE Analyst's Forecast
Lauren Lieberman
Barclays
Hold
Price Target
$23 → $21
Upside
-0.47%
Barclays analyst Lauren Lieberman lowered the firm's price target on Kenvue to $21 from $23 and keeps an Equal Weight rating on the shares as part of a consumer staples Q4 earnings preview. Put simply, "it feels like there aren't many places to hide in Staples these days," the analyst tells investors in a research note.
Filippo Falorni
Citigroup
Hold
Price Target
$25 → $21
Upside
+0.72%
Korinne Wolfmeyer
Piper Sandler
Hold → Buy
Price Target
$21 → $26
Upside
+23.16%