MCRI Price Prediction Next Week
Analysis and Insights
News and Fundamental Analysis:
Monarch Casino & Resort, Inc. (MCRI) has shown strong EBITDA performance, prompting Wells Fargo to raise its price target to $82 from $79, though maintaining an Underweight rating. The stock recently surpassed the average analyst target price of $81, trading at $82.57, which may lead to further target adjustments. The company will trade ex-dividend on February 28, which could cause a slight dip in the stock price.
Technical Analysis:
The stock's technical indicators suggest a bearish trend:
- RSI: 23.95 (6-period), 31.10 (12-period), and 33.26 (14-period), all below 50, indicating oversold conditions.
- MACD: Negative, showing bearish momentum.
- Stochastic Oscillator: Oversold, signaling a potential bounce.
- Fibonacci Levels: Support at $78.28 and resistance at $85.77, with a pivot at $82.91.
Price Prediction and Recommendation:
Given the oversold conditions and nearby resistance, MCRI is expected to trade between $78 and $83 next week. The bearish momentum suggests a sell position with a target of $78 and a stop-loss at $83.
Prediction: $78 - $83
Recommendation: Sell
MCRI Similar Chart Price Prediction
The price of MCRI is predicted to go up 11.56%, based on the high correlation periods with AIMD. The similarity of these two price pattern on the periods is 96.93%.
MCRI
AIMD
Up: 11.56%Similarity: 96.93%
MCRI Revenue Forecast
MCRI EPS Forecast
MCRI FAQs
What is MCRI revenue forecast for next quarter？
MCRI Analyst's Forecast
Barry Jonas
Truist Securities
Hold → Strong Buy
2025-01-14
Price Target
$82 → $100
Upside
+21.11%
Truist upgraded Monarch Casino to Buy from Hold with a price target of $100, up from $82. The company's "best-in-class assets" should benefit as Reno renovations complete in Q2 while its "best-in-class" balance sheet puts it in strong positioning for acquisitions, the analyst tells investors in a research note. The firm thinks Monarch Casino "has quality characteristics that resonate with investors." Both its properties are best-in-class with high quality amenities appealing to a relatively higher-end customers within their respective markets, contends Truist.
David Katz
Jefferies
Hold
2025-01-03
Price Target
$73 → $88
Upside
+12.47%
Barry Jonas
Truist Securities
Hold
2024-10-23
Price Target
$75 → $82
Upside
+11.35%
