MTZ Price Prediction Next Week
Technical Analysis: Based on the technical indicators, MTZ is currently showing mixed signals. The RSI(14) at 50.37 indicates a neutral momentum, while the MACD at -0.39 suggests a slightly bearish short-term trend. The stock is trading above its 200-day SMA of $120.91, indicating a longer-term bullish trend.
Options Activity Analysis: Recent options activity shows significant interest in the $155 strike call options expiring February 21, 2025, with 1,120 contracts traded. This suggests some bullish sentiment among options traders for the near term.
Fibonacci Levels: Key Fibonacci levels for MTZ:
- Resistance 3: $160.73
- Resistance 2: $152.85
- Resistance 1: $147.98
- Pivot: $140.10
- Support 1: $132.22
- Support 2: $127.35
- Support 3: $119.48
Price Prediction for Next Week: Based on the technical analysis and current market conditions:
- Target Price: $146-148 range
- The stock is likely to test the first Fibonacci resistance level at $147.98
- Strong support exists at $132.22, providing a safety net for any pullbacks
Trading Recommendation: BUY with the following parameters:
- Entry: Current market price ($144.87)
- Target: $147.98 (First Fibonacci resistance)
- Stop Loss: $140.10 (Fibonacci pivot)
- Risk/Reward ratio: 1:1.5
The recommendation is based on:
- Price trading above 200-day SMA showing long-term uptrend
- Neutral RSI providing room for upward movement
- Strong institutional options activity in bullish calls
- Clear technical support levels providing defined risk parameters
MTZ Similar Chart Price Prediction
The price of MTZ is predicted to go up -3.7%, based on the high correlation periods with SBUX. The similarity of these two price pattern on the periods is 93.1%.
MTZ
SBUX
Down: -3.7%Similarity: 93.1%
MTZ Revenue Forecast
MTZ EPS Forecast
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MTZ VS S&P500
MasTec should benefit from secular growth investments in energy transition and 5G deployment.
The company's recent acquisition activity has dramatically repositioned its portfolio toward growing end markets and reduced contribution of its oil and gas segment.
MasTec's valuation multiple and margin profile represent upside opportunities versus peers.
MTZ Analyst's Forecast
Sangita Jain
Keybanc
Buy
2025-01-08
Price Target
$153 → $168
Upside
+14.62%
KeyBanc raised the firm's price target on MasTec to $168 from $153 and keeps an Overweight rating on the shares. The firm's bullish stance is premised on project activity that is currently underway and not on thematic upside. KeyBanc sees the turnaround continuing with improved execution and cash management leading to further margin improvement, which combined with revenue growth should lend confidence in management's ability to sustain the turnaround.
Joseph Osha
Guggenheim
Strong Buy
2025-01-08
Price Target
$195
Upside
+33.04%
Alex Rygiel
B. Riley Securities
Strong Buy
2024-11-05
Price Target
$151 → $166
Upside
+21.58%
