RRX Price Prediction Next Week
Technical Analysis
Recent price action shows RRX has entered oversold territory with an RSI reading of 29.99. The stock is currently trading at $133.66 in pre-market, showing continued weakness from Friday's close of $167.36.
Support/Resistance Levels:
- Key support: $131.72 (52-week low)
- Immediate resistance: $139.04 (recent trading level)
- Major resistance: $185.28 (52-week high)
News Impact Recent institutional activity shows Omega Advisors reduced its stake in RRX during Q4 2024, which could be contributing to the selling pressure. The stock has shown significant weakness, dropping from $166.01 to current pre-market levels of $133.66.
Price Prediction for Next Week: Based on technical indicators and current momentum:
- Monday: Expected range $132-135
- Week's target: $130-136
- Most likely scenario: Further downside to test 52-week low support at $131.72
Trading Recommendation: SELL Rationale:
- Breaking below recent support levels
- Institutional selling pressure
- Oversold conditions may provide temporary bounces but overall trend remains bearish
- Pre-market weakness indicates continued selling pressure
Target price: $130 with potential to break below 52-week lows if market weakness persists.
RRX Similar Chart Price Prediction
The price of RRX is predicted to go up 2.89%, based on the high correlation periods with OZK. The similarity of these two price pattern on the periods is 98.36%.
RRX
OZK
Up: 2.89%Similarity: 98.36%
RRX Revenue Forecast
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RRX Analyst's Forecast
Kyle Menges
Citigroup
Strong Buy
2025-01-14
Price Target
$210 → $190
Upside
+22.26%
Citi lowered the firm's price target on Regal Rexnord to $190 from $210 and keeps a Buy rating on the shares as part of a Q4 earnings preview for the machinery group. The firm made modest downward revisions to Q4 and 2025 estimates for most companies under its coverage, reflecting an increasingly soft near-term sentiment across many machinery end markets.
Julian Mitchell
Barclays
Buy
2025-01-08
Price Target
$205 → $190
Upside
+22.43%
Saree Boroditsky
Jefferies
Strong Buy
2024-12-12
Price Target
$215
Upside
+25.41%
