Technical Analysis:
Light & Wonder (LNW) shows strong bullish momentum based on technical indicators:
- RSI-14 at 64.77 indicates bullish momentum without being overbought
- MACD (12,26,9) shows positive trend with MACD line at 3.81 and signal line at 2.32
- Stock trading above all major moving averages (SMA 5,10,20,60,200)
- Bollinger Band position at 0.73 suggests room for further upside
News Sentiment Analysis:
- Positive legal development: Federal judge dismissed patent infringement lawsuit against LNW's RouletteX game
- Upcoming catalyst: Q4 earnings release on February 25th with analysts expecting revenue of $805.5M and EPS of $0.96
- Institutional activity shows mixed signals with 92 institutions increasing positions while 219 reduced holdings
Price Prediction for Next Week:
Based on Fibonacci levels and technical setup:
- Support levels: $89.85 (S1), $85.15 (S2)
- Resistance levels: $105.06 (R1), $109.75 (R2)
Target price range: $105-109 with following probabilities:
- Bullish case (60%): Break above $105.06 targeting $109.75
- Neutral case (30%): Consolidation between $97.45-105.06
- Bearish case (10%): Pullback to $89.85
Recommendation: BUY
Entry price: Current price ($104.51)
Stop loss: $97.45 (Fibonacci pivot)
Take profit: $109.75 (R2)
Rationale:
- Strong technical setup with positive momentum
- Upcoming earnings catalyst
- Legal overhang removed
- Trading above all major moving averages
Technical Analysis:
Light & Wonder (LNW) shows strong bullish momentum based on technical indicators:
- RSI-14 at 64.77 indicates bullish momentum without being overbought
- MACD (12,26,9) shows positive trend with MACD line at 3.81 and signal line at 2.32
- Stock trading above all major moving averages (SMA 5,10,20,60,200)
- Bollinger Band position at 0.73 suggests room for further upside
News Sentiment Analysis:
- Positive legal development: Federal judge dismissed patent infringement lawsuit against LNW's RouletteX game
- Upcoming catalyst: Q4 earnings release on February 25th with analysts expecting revenue of $805.5M and EPS of $0.96
- Institutional activity shows mixed signals with 92 institutions increasing positions while 219 reduced holdings
Price Prediction for Next Week:
Based on Fibonacci levels and technical setup:
- Support levels: $89.85 (S1), $85.15 (S2)
- Resistance levels: $105.06 (R1), $109.75 (R2)
Target price range: $105-109 with following probabilities:
- Bullish case (60%): Break above $105.06 targeting $109.75
- Neutral case (30%): Consolidation between $97.45-105.06
- Bearish case (10%): Pullback to $89.85
Recommendation: BUY
Entry price: Current price ($104.51)
Stop loss: $97.45 (Fibonacci pivot)
Take profit: $109.75 (R2)
Rationale:
- Strong technical setup with positive momentum
- Upcoming earnings catalyst
- Legal overhang removed
- Trading above all major moving averages