QFIN Price Prediction Next Week
Technical Analysis
The technical indicators for QFIN show a moderately bullish setup:
- RSI-14 at 60.66 indicates momentum while not being overbought
- MACD (1.59) and signal line (1.36) are both positive with a bullish crossover
- Stock is trading above all major moving averages (SMA 5,10,20,60,200)
- Currently trading near the upper Bollinger Band (47.33), suggesting strong momentum
Price Action & Support/Resistance
Current price: $43.85
- Fibonacci resistance levels: R1: $45.51, R2: $47.09, R3: $49.65
- Fibonacci support levels: S1: $40.40, S2: $38.82, S3: $36.27
- Pivot point: $42.96
News Sentiment Analysis
Recent news shows mixed sentiment:
- Negative: Stock fell 4.4% in recent ETF trading session
- Positive: QFIN received Strong Buy rating with favorable valuation metrics compared to peers
- Forward P/E of 6.72 suggests significant undervaluation in the sector
Price Prediction for Next Week
Based on technical and fundamental factors:
- Base case (60% probability): $45.50-46.50
- Strong technical setup and attractive valuation support upside
- Currently trading near resistance but with room to run
- Bullish case (25% probability): $47.00-48.00
- Break above R1 could trigger momentum buying
- Bearish case (15% probability): $41.00-42.00
- Only if broad market weakness persists
Trading Recommendation: BUY
- Entry point: Current price ($43.85)
- Target: $46.50 (first resistance)
- Stop loss: $42.00 (below pivot point)
- Risk/Reward ratio: 1:1.8
The stock shows strong technical setup with positive momentum indicators while maintaining attractive valuations, suggesting potential for continued upside in the coming week.
QFIN Similar Chart Price Prediction
The price of QFIN is predicted to go up 4.06%, based on the high correlation periods with ATRC. The similarity of these two price pattern on the periods is 96.48%.
QFIN
ATRC
Up: 4.06%Similarity: 96.48%
QFIN Revenue Forecast
QFIN EPS Forecast
QFIN FAQs
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QFIN Analyst's Forecast
Judy Zhang
Citigroup
Strong Buy
2024-11-21
Price Target
$31 → $38
Upside
+6.5%
Citi analyst Judy Zhang raised the firm's price target on Qifu Technology to $37.50 from $31.44 and keeps a Buy rating on the shares. The company reported a solid Q3 beat on a large provision writeback, the analyst tells investors in a research note. The firm says Qifu's asset quality further improved in Q3.
