ROST Price Prediction Next Week
Based on the provided data and technical indicators, here's the analysis for ROST's price movement for next trading week:
Technical Analysis
The technical indicators show:
- RSI(14) at 46.32 indicates neutral momentum but slightly leaning towards oversold territory
- MACD at -0.47 suggests bearish momentum in the short term
- Current price is trading around the 20-day SMA of $151.19 and above 60-day SMA of $148.34
- Fibonacci levels show key resistance at $153.20 and support at $147.20
News Sentiment Analysis
- Bank of America maintains a Buy rating with $180 price target, citing ROST's value proposition remains attractive for cost-conscious consumers
- Analysts are generally bullish with a consensus "Strong Buy" rating
- Recent tax refund season could benefit ROST due to its exposure to lower-income consumer spending
- New CEO James Conroy taking over in February 2025 could bring fresh strategic initiatives
Price Prediction for Next Week Based on technical and fundamental factors:
- Resistance levels: $153.20 (R1), $155.05 (R2)
- Support levels: $147.20 (S1), $145.35 (S2)
- Expected trading range: $147-$153
Trading Recommendation BUY ROST with entry point at $147.50 (near S1 support)
- Target price: $153.00 (near R1 resistance)
- Stop loss: $145.00 (below S2)
- Risk/Reward ratio: 1:2.2
The combination of positive analyst sentiment, potential benefits from tax refund season, and technical support levels suggests an upward movement potential, though traders should maintain strict stop-loss given current market conditions.
ROST Similar Chart Price Prediction
The price of ROST is predicted to go up -15.12%, based on the high correlation periods with COMM. The similarity of these two price pattern on the periods is 90.89%.
ROST
COMM
Down: -15.12%Similarity: 90.89%
ROST Revenue Forecast
ROST EPS Forecast
ROST FAQs
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ROST VS S&P500
Ross is a reliable store to find bargain merchandise and will therefore benefit if consumers grow increasingly value-conscious due to economic uncertainty.
Ross' business model is well insulated from digital competition as branded merchandisers seek to limit excess inventory going to online channels, protecting the firm's competitive position.
Margins should improve in the near term as freight headwinds abate and wage pressures ease.
ROST Analyst's Forecast
Ike Boruchow
Wells Fargo
Buy → Hold
Price Target
$165
Upside
+8.74%
Wells Fargo downgraded Ross Stores to Equal Weight from Overweight with an unchanged price target of $165.
Aneesha Sherman
Bernstein
Buy → Hold
Price Target
$178 → $165
Upside
+8.87%
Matthew Boss
JP Morgan
Buy
Price Target
$171 → $173
Upside
+18.42%