REYN Price Prediction Next Week
Technical Analysis: Based on the latest data, REYN is currently trading at $24.14, showing a positive momentum with a 1.73% gain in the last session . The technical indicators suggest:
- RSI (14) at 32.63 indicates oversold conditions
- MACD (-0.89) shows bearish momentum
- Stochastic (4.56) indicates extremely oversold conditions
- All major moving averages (5,10,20,60,200-day) are above current price, suggesting strong downward pressure
News Sentiment Analysis: Recent news indicates significant headwinds:
- The stock has fallen 11.3% YTD as of February 14, 2025
- Rising aluminum costs are pressuring profit margins, with Q3 2024 net income declining 11.68% year-over-year
- Insider activity: Director Rolf Stangl purchased 6,000 shares at $24.89, showing management confidence
Price Prediction for Next Week: Based on Fibonacci levels and technical indicators:
- Support levels: $23.72 (S1), $23.00 (S2)
- Resistance levels: $26.05 (R1), $26.77 (R2)
Expected price range for next week:
- Bullish scenario (30% probability): $25.50-26.05
- Bearish scenario (40% probability): $23.00-23.72
- Base scenario (30% probability): $23.72-24.50
Trading Recommendation: SELL Rationale:
- Multiple technical indicators showing bearish momentum
- Price trading below all major moving averages
- Ongoing fundamental challenges with rising raw material costs
- Despite recent insider buying, institutional sentiment remains cautious
Target entry: Current market price ($24.14) Stop loss: $24.89 (recent insider purchase price) Price target: $23.00 (S2 support)
REYN Similar Chart Price Prediction
The price of REYN is predicted to go up -3.3%, based on the high correlation periods with DHC. The similarity of these two price pattern on the periods is 97.66%.
REYN
DHC
Down: -3.3%Similarity: 97.66%
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REYN Analyst's Forecast
Lauren Lieberman
Barclays
Hold
2025-01-17
Price Target
$28 → $27
Downside
-0.33%
Barclays lowered the firm's price target on Reynolds Consumer Products to $27 from $28 and keeps an Equal Weight rating on the shares as part of a consumer staples Q4 earnings preview. Put simply, "it feels like there aren't many places to hide in Staples these days," the analyst tells investors in a research note.
Andrea Teixeira
JP Morgan
Hold
2025-01-16
Price Target
$30 → $28
Upside
+4.32%
Lauren Lieberman
Barclays
Hold
2024-10-31
Price Target
$29 → $28
Upside
+3.9%
