OGN Price Prediction Next Week
Technical Analysis Based on the latest technical indicators, OGN shows mixed signals. The RSI-14 at 56.04 indicates neutral momentum, while the MACD line (0.02) crossing above the signal line (-0.05) suggests a potential bullish trend reversal. The stock is currently trading below both its SMA-200 ($18.32) and SMA-250 ($18.21), indicating a longer-term bearish trend.
Price Levels and Fibonacci Analysis
- Support levels: $14.81 (S1), $14.21 (S2)
- Resistance levels: $16.76 (R1), $17.36 (R2)
- Current price ($16.15) is testing the upper Bollinger Band ($16.84)
Recent Price Action The stock has shown significant momentum on February 25, 2025, with a +6.96% gain during regular market hours, closing at $16.13. Volume increased to 4.44M shares, showing strong buying interest.
News Impact Recent options activity shows significant interest in the $17.50 strike call options expiring March 21, 2025, with 9,034 contracts traded. This suggests institutional investors are positioning for potential upside movement.
Price Prediction for Next Week Based on technical indicators and recent momentum:
- Target Price: $17.20
- Stop Loss: $15.80
- Recommendation: BUY
Rationale:
- Strong momentum from recent price action
- Positive MACD crossover
- High options activity suggesting bullish sentiment
- Price approaching first Fibonacci resistance level with room to run
The stock is likely to test the R1 resistance at $16.76 next week, with potential to reach $17.20 if market sentiment remains positive.
OGN Similar Chart Price Prediction
The price of OGN is predicted to go up -0.33%, based on the high correlation periods with ACR. The similarity of these two price pattern on the periods is 94.66%.
OGN
ACR
Down: -0.33%Similarity: 94.66%
OGN Revenue Forecast
OGN EPS Forecast
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OGN Analyst's Forecast
Balaji Prasad
Barclays
Buy
2025-02-14
Price Target
$26 → $24
Upside
+57.07%
Barclays analyst Balaji Prasad lowered the firm's price target on Organon to $24 from $26 and keeps an Overweight rating on the shares. The shares rallied post the Q4 report, owing to reaffirmation of steady fundamentals, the analyst tells investors in a research note.
