MTN Price Prediction Next Week
Technical Analysis: MTN's stock has shown a downward trend in recent trading sessions, with the price declining from $220.14 to $160.36. The stock has formed a bearish pattern with lower highs and lower lows.
Price Movement Analysis:
- Current price: $160.36
- Recent high: $220.70 (Feb 12)
- Recent low: $159.66 (Feb 18)
- Volume has increased during the decline, indicating strong selling pressure
News Impact:
- Recent field trip with CFO to Vail, CO indicates management engagement with investors
- Company received 80% rating from Validea's Shareholder Yield Investor model
- JPMorgan lowered price target to $166 from $176, suggesting limited upside potential
Price Prediction for Next Week: Based on technical indicators and recent news sentiment:
- Resistance levels: $165, $170
- Support levels: $158, $155
- Expected trading range: $155-$165
Target price for next week: $157
Recommendation: SELL Rationale:
- Bearish momentum with increasing volume
- Breaking below key support levels
- Negative analyst sentiment with lowered price targets
- Technical indicators showing continued downward pressure
Best entry point for short positions: Current market price ($160.36) Stop loss: $165
MTN Similar Chart Price Prediction
The price of MTN is predicted to go up -5.05%, based on the high correlation periods with DK. The similarity of these two price pattern on the periods is 97.03%.
MTN
DK
Down: -5.05%Similarity: 97.03%
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MTN Analyst's Forecast
Matthew Boss
JP Morgan
Sell
2025-01-17
Price Target
$176 → $166
Downside
-6.33%
JPMorgan analyst Matthew Boss lowered the firm's price target on Vail Resorts to $166 from $176 and keeps an Underweight rating on the shares following the company's January season-to-date update. Vail's season-to-date visitation is being pressured by normalization and peak periods, the analyst tells investors in a research note. The firm says that while the company's weather tailwind and demand normalization headwind have largely played, management noted that it will have to get through the full season to understand if the participation rate in the sport is fully "re-set" exiting this year.
Paul Golding
Macquarie
Hold
2024-12-11
Price Target
$180 → $195
Upside
+1.26%
Patrick Scholes
Truist Securities
Strong Buy
2024-12-10
Price Target
$250 → $247
Upside
+26.38%
