Technical Analysis:
Based on the latest technical indicators, RPM shows bearish signals:
- RSI (14) at 41.30 indicates neutral to slightly oversold conditions
- MACD (-0.96) shows bearish momentum with a small positive histogram (0.03)
- Stock is trading below both 60-day SMA ($127.53) and 20-day SMA ($123.84)
- Bollinger Band Position (0.31) suggests price is in the lower half of the range
Price Target Analysis:
- Current price: $121.19
- Fibonacci support levels:
- S1: $120.70
- S2: $119.50
- S3: $117.56
- Fibonacci resistance levels:
- R1: $124.58
- R2: $125.78
- R3: $127.72
News Impact:
Recent news shows mixed sentiment:
- KeyBanc meetings scheduled for February
- Price target adjustments from multiple firms:
- BMO Capital raised to $154 from $153
- Mizuho lowered to $140 from $150
- JPMorgan lowered to $124 from $126
Price Prediction for Next Week:
Based on technical indicators and recent price action:
- Expected trading range: $119.50 - $124.58
- Most likely scenario: Further downside to test S1 support at $120.70
- Target price: $120.00
Trading Recommendation: SELL
- Current weakness in technical indicators
- Price trading below key moving averages
- Multiple analysts lowering price targets
- Suggested entry for short positions: Current market price ($121.19)
- Stop loss: Above R1 at $124.60
Technical Analysis:
Based on the latest technical indicators, RPM shows bearish signals:
- RSI (14) at 41.30 indicates neutral to slightly oversold conditions
- MACD (-0.96) shows bearish momentum with a small positive histogram (0.03)
- Stock is trading below both 60-day SMA ($127.53) and 20-day SMA ($123.84)
- Bollinger Band Position (0.31) suggests price is in the lower half of the range
Price Target Analysis:
- Current price: $121.19
- Fibonacci support levels:
- S1: $120.70
- S2: $119.50
- S3: $117.56
- Fibonacci resistance levels:
- R1: $124.58
- R2: $125.78
- R3: $127.72
News Impact:
Recent news shows mixed sentiment:
- KeyBanc meetings scheduled for February
- Price target adjustments from multiple firms:
- BMO Capital raised to $154 from $153
- Mizuho lowered to $140 from $150
- JPMorgan lowered to $124 from $126
Price Prediction for Next Week:
Based on technical indicators and recent price action:
- Expected trading range: $119.50 - $124.58
- Most likely scenario: Further downside to test S1 support at $120.70
- Target price: $120.00
Trading Recommendation: SELL
- Current weakness in technical indicators
- Price trading below key moving averages
- Multiple analysts lowering price targets
- Suggested entry for short positions: Current market price ($121.19)
- Stop loss: Above R1 at $124.60