PECO Price Prediction Next Week
Analysis and Insights
Technical Analysis:
PECO's stock is currently trading near its Fibonacci pivot point of 35.23, with immediate resistance levels at 35.99 and 36.46. The Relative Strength Index (RSI) at 40.32 suggests the stock is not yet oversold, but it is approaching levels where a potential bounce could occur. The MACD indicator is slightly negative, indicating bearish momentum, but the signal line is flattening, which could signal a stabilization in price.
Fibonacci Levels:
| Level | Price |
|---|---|
| R1 | 35.99 |
| Pivot Point | 35.23 |
| S1 | 34.47 |
Price Action:
The stock closed at 35.72 on March 24, 2025, with a 2.26% gain during the regular market session. The price is currently testing the lower end of its recent trading range, with support at 34.47 and resistance at 35.99.
News Sentiment:
While there is no specific news directly impacting PECO, the broader market sentiment has been mixed, with some sectors showing weakness while others, like utilities, have shown resilience.
Conclusion:
Based on the technical indicators and price action, PECO is likely to trade in a narrow range next week. The stock could test the resistance level of 35.99, with a potential upside to 36.20 if it breaks above this level. However, if it fails to hold above 34.47, it could see further downside.
Prediction: The stock price of PECO is expected to be around 36.20 next week.
Recommendation: Buy if the stock tests the support level of 34.47, as there is a high probability of a bounce back to the resistance level of 35.99.
PECO Similar Chart Price Prediction
The price of PECO is predicted to go up -5.84%, based on the high correlation periods with SHAK. The similarity of these two price pattern on the periods is 95.5%.
PECO
SHAK
Down: -5.84%Similarity: 95.5%
PECO Revenue Forecast
PECO EPS Forecast
PECO FAQs
What is PECO revenue forecast for next quarter？
PECO Analyst's Forecast
Haendel St. Juste
Mizuho
Buy
2024-12-10
Price Target
$39 → $41
Upside
+5.07%
Mizuho raised the firm's price target on Phillips Edison to $41 from $39 and keeps an Outperform rating on the shares. The firm remains "constructive" on shopping center real estate investment trusts into 2025 and believes the sector is a "low-risk, fairly-priced alternative" for investors in a broader REIT sector facing higher interest rates, as well as tenant credit, tariffs, labor and over-supply questions. Shopping center REITs benefit from several tailwinds, including favorable supply/demand, low visible tenant and credit risk, a positively inflecting growth profile, and private market support, the analyst tells investors in a research note.
Andrew Rosivach
Wolfe Research
Hold → Buy
2024-11-13
Price Target
n/a
Downside
0%
