MOD Price Prediction Next Week
Analysis and Insights
To predict the stock price of Modine Manufacturing Co. (MOD) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
- RSI (14-period): 39.14, indicating the stock is in a bearish zone but approaching oversold territory.
- Stochastic Oscillator: Oversold with a bullish divergence forming, suggesting potential reversal.
- MACD: Bearish crossover with a negative signal line, indicating downward momentum.
- SMA: The stock is trading below all major moving averages (20, 50, 60, 200, 250), signaling a bearish trend.
News Sentiment:
- Earnings Report: MOD reported Q3 earnings with a profit of $41.0 million, down from $44.4 million last year but exceeding estimates. Revenue grew 9.9% year-over-year to $616.8 million.
- Conference Call: The company held a conference call on February 5, 2025, to discuss Q3 results.
Price Prediction:
Based on technical indicators and recent news, MOD is expected to face selling pressure. The stock may test the lower Fibonacci support level of $70.01 next week.
Recommendation:
Sell MOD as the stock is likely to decrease to $70.01 next week.
MOD Similar Chart Price Prediction
The price of MOD is predicted to go up 3.03%, based on the high correlation periods with ETN. The similarity of these two price pattern on the periods is 97.23%.
MOD
ETN
Up: 3.03%Similarity: 97.23%
MOD Revenue Forecast
MOD EPS Forecast
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MOD Analyst's Forecast
Matt Summerville
DA Davidson
Strong Buy
2024-09-24
Price Target
$140 → $155
Upside
+15.94%
DA Davidson analyst Matt Summerville raised the firm's price target on Modine Manufacturing to $155 from $140 and keeps a Buy rating on the shares after the company's recent analyst day event. The firm remains very bullish on the overall outlook for Modine, having recently notched its 3rd large hyperscale customer and seemingly making progress on additional hyper and major colo provider wins, recent liquid product launches and ongoing GenSet and E-Mobility platform awards, the analyst tells investors in a research note.
