MNSO Price Prediction Next Week
Technical Analysis: MNSO's recent price action shows a downward trend, with the stock declining from $23.15 to $18.31 over the past few trading sessions. The RSI-14 at 35.27 indicates the stock is approaching oversold territory but hasn't reached extreme levels yet.
Key Technical Indicators:
- MACD (-0.44) shows bearish momentum with negative divergence
- All SMAs (5,10,20,60) are trending downward, indicating strong selling pressure
- Current price is below the Bollinger Band middle line (22.72), suggesting bearish sentiment
Support and Resistance Levels:
- Fibonacci support levels: S1: 20.36, S2: 19.37, S3: 17.77
- Fibonacci resistance levels: R1: 23.56, R2: 24.55, R3: 26.15
News Analysis: Recent news indicates MNSO has reached analyst target prices, with current consensus at $22.92. The stock's valuation metrics show a Forward P/E of 15.47 and PEG ratio of 0.8, suggesting reasonable valuation relative to growth prospects.
Price Prediction for Next Week: Based on technical indicators and current market conditions:
- Bearish scenario (70% probability): Stock likely to test S1 support at 20.36
- Target price range: $19.80-20.40
Trading Recommendation: SELL
- Entry point: Current market price ($20.66)
- Target exit: $19.80
- Stop loss: $21.50
Rationale:
- Deteriorating technical indicators
- Price below all major moving averages
- Negative MACD momentum
- Recent price action showing consistent lower highs and lower lows
MNSO Similar Chart Price Prediction
The price of MNSO is predicted to go up 0%, based on the high correlation periods with RIME. The similarity of these two price pattern on the periods is 92.94%.
MNSO
RIME
Up: 0%Similarity: 92.94%
MNSO Revenue Forecast
MNSO EPS Forecast
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MNSO Analyst's Forecast
Xiaopo Wei
Citigroup
Strong Buy
2024-10-04
Price Target
$27
Upside
+29.97%
Citi initiated coverage of Miniso with a Buy rating and $26.80 price target. Miniso is a global retailer offering a variety of trendy lifestyle products with IP designs, the analyst tells investors in a research note. The firm expects the company's IP merchandise sales growth, in both China and overseas markets, to drive margin while its expansion of overseas business will fuel group sales at 20% annually through 2026. Any better than expected turnaround of Yonghui will provide option value to the investment case of Miniso, says the firm.
Kevin Yin
JP Morgan
Buy → Hold
2024-09-24
Price Target
$27 → $15
Upside
+7.14%
Lucy Yu
B of A Securities
Strong Buy → Sell
2024-09-23
Price Target
n/a
Downside
0%
