MLI Price Prediction Next Week
Technical Analysis: MLI has entered oversold territory with an RSI reading of 52.39, showing signs of potential trend reversal. The stock is currently trading near its Fibonacci support level of $74.89, with the next resistance at $81.15. The MACD indicator shows a bearish signal at -0.23, suggesting short-term downward momentum.
Fundamental Analysis: Recent Q4 earnings report shows strong performance with profit increasing to $137.65 million ($1.21 per share), up from $119.24 million ($1.05 per share) last year. Revenue grew significantly by 26.1% to $923.54 million. This demonstrates robust business fundamentals despite recent price weakness.
Price Prediction for Next Week (Feb 19-23, 2025): Based on technical and fundamental factors:
- Support levels: $74.89 (Fibonacci S1)
- Resistance levels: $81.15 (Fibonacci R1)
Expected price range:
- Bearish scenario (30% probability): $72.96 (Fibonacci S2)
- Base scenario (50% probability): $78.02 (Fibonacci pivot)
- Bullish scenario (20% probability): $81.15 (Fibonacci R1)
Trading Recommendation: HOLD/NEUTRAL position recommended. While the stock shows oversold conditions suggesting potential upside, the negative MACD indicates continued short-term weakness. Wait for confirmation of trend reversal before establishing new positions. The strong Q4 earnings provide fundamental support, but technical indicators suggest waiting for better entry points.
Target price for next week: $78.02 with a trading range of $74.89-$81.15.
MLI Similar Chart Price Prediction
The price of MLI is predicted to go up 0.23%, based on the high correlation periods with ACIW. The similarity of these two price pattern on the periods is 90.94%.
MLI
ACIW
Up: 0.23%Similarity: 90.94%
