LTM Price Prediction Next Week
Technical Analysis: LTM is currently showing strong bullish momentum with RSI-14 at 81.19, indicating overbought conditions. The stock is trading above all major moving averages (SMA 5, 10, 20, 60) showing a robust uptrend.
Price Levels and Fibonacci Analysis:
- Current Price: $32.64
- Key Fibonacci Resistance Levels:
- R1: $32.60
- R2: $33.36
- R3: $34.60
- Support Levels:
- S1: $30.12
- S2: $29.35
- S3: $28.11
News Impact: Recent analyst coverage from Barclays maintains a Buy rating with a price target of $38.00. The potential Gol-Azul merger in Brazil could strengthen LATAM Airlines' competitive position, as the combined entity would hold roughly 60% of the domestic market.
Price Prediction for Next Week: Based on technical indicators and recent momentum:
- Base Case (70% probability): $33.50-34.00
- Bullish Case (20% probability): $34.60-35.00
- Bearish Case (10% probability): $32.00-32.50
Trading Recommendation: SELL
- The stock is showing overbought conditions with RSI above 80
- Current price is near Fibonacci R1 resistance
- High Stochastic readings (95.95) suggest potential pullback
- Take profit target: $30.50
- Stop loss: $34.80
LTM Similar Chart Price Prediction
The price of LTM is predicted to go up -13.24%, based on the high correlation periods with BZH. The similarity of these two price pattern on the periods is 99.17%.
LTM
BZH
Down: -13.24%Similarity: 99.17%
