MAIN Price Prediction Next Week
Technical Analysis: MAIN closed at $62.27 on Friday, showing a -0.75% decline. Technical indicators suggest a moderately bullish stance:
- RSI-14 at 62.55 indicates bullish momentum without being overbought
- MACD (0.85) remains positive with a slight bullish divergence
- Stock trading above all major moving averages (SMA 5,10,20,60,200)
- Bollinger Bands show price near upper band (63.63), with 70% bandwidth position
News Impact & Fundamental Outlook:
- Upcoming earnings report on February 27, 2025, with projected EPS of $1.05 and revenue of $141.4M
- Monthly dividend of $0.25 with ex-dividend date on March 7, 2025
- Trading at Forward P/E of 15.45, above industry average of 9.25, indicating premium valuation
- Zacks Rank #2 (Buy) rating reflects positive analyst sentiment
Price Prediction (Next Week): Based on Fibonacci levels and technical indicators:
- Resistance levels: R1: $62.90, R2: $63.84, R3: $65.36
- Support levels: S1: $59.86, S2: $58.93, S3: $57.41
- Pivot: $61.38
Expected price range: $62.90-$63.84
Trading Recommendation: BUY Entry point: Current price ($62.27) Target: $63.84 (R2 level) Stop loss: $61.38 (Pivot)
Rationale:
- Strong technical indicators
- Positive analyst outlook
- Upcoming dividend catalyst
- Trading above all major moving averages
- Pre-earnings momentum potential
MAIN Similar Chart Price Prediction
The price of MAIN is predicted to go up 2.37%, based on the high correlation periods with TRMK. The similarity of these two price pattern on the periods is 96.34%.
MAIN
TRMK
Up: 2.37%Similarity: 96.34%
MAIN Revenue Forecast
MAIN EPS Forecast
MAIN FAQs
What is bull’s view on MAIN?
What is bear's view on MAIN?
What is MAIN revenue forecast for next quarter？
What is MAIN eps forecast for next quarter？
MAIN Analyst's Forecast
Bryce Rowe
B. Riley Securities
Hold
2024-11-11
Price Target
$49 → $51
Downside
-2.69%
B. Riley raised the firm's price target on Main Street to $51 from $49 and keeps a Neutral rating on the shares. Main Street's Q3 showed continued NAV growth, industry-leading profitability with an ROE approaching 19%, and a lower risk profile featuring low balance sheet leverage, wide dividend coverage, and ample available liquidity, the analyst tells investors in a research note.
