RES Price Prediction Next Week
Analysis and Insights
Based on the analysis of news and technical indicators, here is the prediction for RES stock for the next trading week:
Technical Analysis:
- RSI: RES has an RSI of 28.4, indicating it is oversold and potentially due for a rebound.
- MACD: The MACD line is slightly below the signal line, but it is close to a bullish crossover.
- Fibonacci Levels: Support at $5.22 and resistance at $5.66.
- Moving Averages: The 20-day SMA is crossing above the 50-day SMA, indicating a potential bullish signal.
Price Prediction:
- Target Price: $5.60
- Recommendation: Buy, as the stock is oversold and technical indicators suggest a potential rebound.
Conclusion:
RES is expected to rise to $5.60 next week. The stock is currently undervalued, and the technical indicators support a bullish outlook.
RES Similar Chart Price Prediction
The price of RES is predicted to go up 5.99%, based on the high correlation periods with BLMN. The similarity of these two price pattern on the periods is 97.66%.
RES
BLMN
Up: 5.99%Similarity: 97.66%
RES Revenue Forecast
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RES Analyst's Forecast
Scott Gruber
Citigroup
Strong Sell
2025-02-20
Price Target
$5.25 → $5.5
Downside
-9.84%
Citi raised the firm's price target on RPC, Inc. to $5.50 from $5.25 and keeps a Sell rating on the shares. The firm updated the company's model post the earnings report.
Stephen Gengaro
Stifel
Hold
2024-10-11
Price Target
$8 → $7
Downside
-0.43%
