PAX Price Prediction Next Week
PAX Stock Price Prediction and Recommendation
Technical Analysis:
- Current Price: $11.79
- RSI: 52.81 (Neutral)
- MACD: Slightly negative, indicating potential bearish momentum.
- Stochastic Oscillator: 88.07 (Overbought zone).
- Fibonacci Levels:
- Resistance: $12.16
- Support: $10.88
- Pivot: $11.36
News and Fundamental Analysis:
- Zacks Investment Research highlights PAX as a top-rated stock with a buy rating, trading near its 52-week lows and offering a 5.01% dividend yield.
- PAX recently exceeded earnings expectations by 57%, with strong EPS growth projected for FY25 and FY26.
- The stock is part of a list of oversold financials, suggesting potential buying opportunities.
Price Prediction:
- Target Price: $11.60
- Recommendation: Sell
Rationale:
- The stock is approaching resistance at $12.16, with overbought stochastic signals and a neutral RSI.
- While fundamentals are strong, technical indicators suggest a short-term pullback.
PAX Similar Chart Price Prediction
The price of PAX is predicted to go up -4.51%, based on the high correlation periods with GAN. The similarity of these two price pattern on the periods is 96.44%.
PAX
GAN
Down: -4.51%Similarity: 96.44%
