PLUS Price Prediction Next Week
Analysis and Insights
Technical Analysis:
ePlus Inc (PLUS) has entered oversold territory with an RSI of 26.5, indicating potential buying opportunities. The stock's recent price action shows a low of $63.995 and a high of $64.79, with the last trade at $64.08. The Fibonacci pivot point is at $64.22, with resistance levels at $66.03 and support at $62.42.
News Sentiment and Fundamental Analysis:
The stock's entry into oversold territory suggests the recent selling pressure may be exhausting, presenting a potential buying opportunity. Analysts have highlighted the stock's upside potential, with a target price of $89.50, indicating a 12.66% upside from recent prices.
Conclusion:
Based on the oversold RSI and Fibonacci levels, the stock is expected to rebound. The target price for the next trading week is $66.03.
Recommendation: Buy PLUS with a target price of $66.03.
PLUS Similar Chart Price Prediction
The price of PLUS is predicted to go up 30.79%, based on the high correlation periods with OUST. The similarity of these two price pattern on the periods is 98.95%.
PLUS
OUST
Up: 30.79%Similarity: 98.95%
