Technical Analysis: QSR is currently showing bearish signals in short-term technical indicators. RSI-6 at 30.58 indicates oversold conditions, while RSI-14 at 41.99 suggests moderate downward momentum. The stock is trading below its key moving averages (SMA-5: $63.58, SMA-200: $68.30).
News Impact: Recent developments show mixed signals:
Price Forecast for Next Week: Based on Fibonacci levels and technical indicators:
Price targets for next week:
Recommendation: SELL Rationale:
Target entry for short positions: Current market price ($62.66) Stop loss: $64.00 (above recent resistance) Target exit: $61.50
The price of QSR is predicted to go up 6.81%, based on the high correlation periods with HTGC. The similarity of these two price pattern on the periods is 96.3%.
QSR
HTGC
Improvements in profitability across brands in 2023 set the stage for a stronger development appetite in 2024 and beyond.
The Tim Hortons turnaround should generate stable, low-single-digit growth in Canada after years of declining comparable-store sales before covid-19.
Growth abroad is increasingly diversified, with 45% of international net unit growth now coming from Tim Hortons and Popeyes, a material increase from 10% just a few years ago.
Barclays
2025-02-13
Price Target
$83 → $80
Upside
+20.5%
Guggenheim
2025-01-24
Price Target
$74 → $71
Upside
+14.37%
Morgan Stanley
2025-01-21
Price Target
$81 → $73
Upside
+20.18%