MMS Price Prediction Next Week
Technical Analysis: MMS is currently in a strong downtrend, trading at $66.00 with RSI at 26.88 indicating oversold conditions. The stock has broken below all major moving averages (SMA 5: $67.41, SMA 20: $71.69, SMA 200: $83.56).
Price Targets for Next Week: Based on Fibonacci levels and current technical setup:
- Resistance levels: $70.06 (R1), $71.52 (R2)
- Support levels: $65.35 (S1), $63.89 (S2)
- Pivot point: $67.70
News Impact:
- Recent oversold conditions with RSI at 29.5
- Positive government contract news with $6M payment from Department of Education
- Strong institutional interest with 189 investors adding positions versus 174 decreasing
Price Prediction for Next Week: Given the oversold conditions and positive institutional flows, MMS is likely to see a technical bounce. Target range:
- Most likely scenario (70%): Bounce to $70.06 (R1)
- Bearish scenario (30%): Test of $63.89 (S2) if market weakness persists
Recommendation: BUY Entry point: Current price ($66.00) Initial target: $70.06 Stop loss: $63.89
The oversold conditions combined with positive institutional flows and government contract news suggest a high probability of a technical bounce. However, maintain strict stop loss as overall trend remains bearish.
MMS Similar Chart Price Prediction
The price of MMS is predicted to go up -7.64%, based on the high correlation periods with PPIH. The similarity of these two price pattern on the periods is 98.77%.
MMS
PPIH
Down: -7.64%Similarity: 98.77%
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MMS Analyst's Forecast
Brian Gesuale
Raymond James
Hold → Buy
2025-01-02
Price Target
$90
Upside
+18.72%
Raymond James upgraded Maximus to Outperform from Market Perform with a $90 price target. While 2023 and the first 11 months of 2024 were the best periods for the government service sector in more than 20 years, a new administration, a "provocative group" of political appointee nominations, and President-elect Trump's Department of Government Efficiency's "have significantly dented investor psyche," the trading multiples, and halted stock momentum over the last 45 days, the analyst tells investors in a research note. The firm believes the "dislocation in equities has created opportunities" across its government IT coverage. It made four rating changes heading into 2025. Maximus trades at a discount to peers and its historical multiples, but nearly 75% of its revenue is in mandatory spend areas that the company can aid in efficiency initiatives, contends Raymond James.
