PSO Price Prediction Next Week
Technical Analysis Based on the technical indicators, PSO is currently showing mixed signals. The RSI-14 at 52.64 indicates a neutral momentum, neither overbought nor oversold. The stock is trading above its 200-day SMA of $13.92, suggesting a long-term uptrend. The MACD at 0.22 shows a slightly bullish momentum.
News Impact Recent significant developments include:
- Microsoft partnership announcement: A multi-year deal focused on AI capabilities, which led to a 1.5% stock price increase.
- Mixed analyst ratings: Kepler Capital maintains a Sell rating with varying price targets (p1,040.00 and p925.00), while the overall analyst consensus shifted from Hold to Moderate Buy.
Price Projection for Next Week Based on Fibonacci levels and current technical setup:
- Support levels: $16.11 (S1) and $15.85 (S2)
- Resistance levels: $16.96 (R1) and $17.22 (R2)
- Pivot point: $16.54
Trading Recommendation The stock is likely to trade between $16.11 and $16.96 next week. The Microsoft partnership and positive AI momentum suggest upside potential, but insider selling activity indicates caution. The recommendation is to HOLD current positions or consider buying at $16.11 support level with a target of $16.96, using $15.85 as a stop loss.
Target price for next week: $16.85
PSO Similar Chart Price Prediction
The price of PSO is predicted to go up 4.14%, based on the high correlation periods with GOOG. The similarity of these two price pattern on the periods is 95.73%.
PSO
GOOG
Up: 4.14%Similarity: 95.73%
