NWN Price Prediction Next Week
Analysis and Insights
To predict the stock price of Northwest Natural Holding Company (NWN) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
The stock is currently trading at $41.38, with a Fibonacci resistance level at $42.19 and support at $40.86. The Relative Strength Index (RSI) is at 42.32, indicating the stock is not oversold. The MACD is slightly bullish, suggesting potential upward momentum.
News Sentiment and Fundamental Analysis:
- Leadership Change: The appointment of Justin Palfreyman as CEO, effective April 1, 2025, may bring new strategic initiatives and could positively impact investor sentiment.
- Analyst Ratings: Wells Fargo maintains a Hold rating with a $45 price target, while the consensus target is $43.
- Financial Outlook: The company reported a quarterly revenue of $136.93 million and a net loss, but expects annual customer growth of 2% to 2.5% driven by recent acquisitions.
Price Prediction:
Based on the Fibonacci levels and bullish MACD, the stock is expected to test the resistance level at $42.19 next week. The target price is $42.60.
Recommendation:
Buy NWN stock with a target price of $42.60, as the technical indicators and positive news suggest upward momentum.
NWN Similar Chart Price Prediction
The price of NWN is predicted to go up 33.1%, based on the high correlation periods with MTCH. The similarity of these two price pattern on the periods is 90.34%.
NWN
MTCH
Up: 33.1%Similarity: 90.34%
