Based on the provided data and context, I'll analyze PCAR's stock price prediction for next week through technical analysis and news sentiment.
Technical Analysis
The stock is currently trading at $109.90 with RSI at 53.16, indicating a neutral momentum . The 20-day moving average is at $107.54, and the 200-day moving average is at $105.33, suggesting an overall upward trend.
News Sentiment Analysis
Price Target Analysis Based on analyst consensus:
Next Week's Price Prediction Given the upcoming earnings report on January 28 and current technical/fundamental factors:
Target Prices:
Expected price range: $108.00 - $112.00
Recommendation: BUY Rationale:
Entry point: Current price ($109.90) Exit target: $112.00 Stop loss: $107.50
The price of PCAR is predicted to go up -2.07%, based on the high correlation periods with CLDX. The similarity of these two price pattern on the periods is 94.62%.
PCAR
CLDX
Strong freight demand and profitability allows fleet owners to replace aging trucks, pushing new truck orders and revenue for Paccar higher.
Fleet owners opt to increase purchases of Paccar's premium truck brands to attract and retain truck drivers, especially during periods of tight labor in the trucking industry.
New emission regulation in Brazil, India, China, and Australia pushes fleet owners to buy more emission-compliant trucks, benefiting Paccar.
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$103 → $107
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$135 → $126
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