RS Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Reliance Inc. (RS) has shown volatility in recent trading sessions, closing at $277.56 on March 21, 2025. The stock has declined 3.13% over the past two days despite a positive broader market. Key technical indicators include:
- RSI (6-period): 35.13, indicating oversold conditions.
- MACD: -2.78, showing bearish momentum.
- Fibonacci Levels: Pivot at 280.51, with resistance at 285.66 and 288.83, and support at 275.37 and 272.19.
News Sentiment and Catalysts:
Recent news indicates potential positive developments for RS:
- OpenAI and Meta are exploring partnerships with Reliance Industries, which could enhance RS's growth prospects.
- RS is part of the JPMorgan US Quality Factor ETF (JQUA), with a 17.11% upside potential based on analyst targets.
Price Prediction and Recommendation:
Given the oversold RSI and potential positive news, RS may experience a short-term rebound. The target price for the next trading week is $285.66, with a stop-loss at $272.19.
Buy Reliance Inc. (RS) with a target price of $285.66.
RS Similar Chart Price Prediction
The price of RS is predicted to go up 12.21%, based on the high correlation periods with WLY. The similarity of these two price pattern on the periods is 94.72%.
RS
WLY
Up: 12.21%Similarity: 94.72%
RS Revenue Forecast
RS EPS Forecast
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RS Analyst's Forecast
Philip Gibbs
Keybanc
Buy
2025-02-24
Price Target
$321 → $327
Upside
+9.29%
KeyBanc raised the firm's price target on Reliance to $327 from $321 and keeps an Overweight rating on the shares. Post the company's Q4 results, the firm modestly reduces its 2025 EPS estimate via a higher opex baseline and establishes its 2026 estimate. Over the mid-to-long term, KeyBanc remains encouraged by Reliance's strong FCFE, broad-based and diversified U.S. macro exposure, internal growth investments, and share buyback program to offer downside support.
Mike Harris
Goldman Sachs
Hold
2024-12-02
Price Target
$341
Upside
+6.58%
Katja Jancic
BMO Capital
Buy
2024-10-25
Price Target
$340 → $330
Upside
+16.39%
