SBS Price Prediction Next Week
Based on the technical analysis and news sentiment data, here's the price prediction for SBS for the next trading week:
Technical Analysis The stock is currently showing mixed signals with an RSI of 62.40, indicating a moderately overbought condition but not yet at extreme levels. The MACD is positive at 0.48, suggesting some upward momentum. The stock is trading above both its 20-day (15.80) and 60-day (15.49) moving averages, indicating a generally bullish trend.
Fibonacci Analysis Current price: $16.35
- Resistance levels: R1: $16.85, R2: $17.14, R3: $17.60
- Support levels: S1: $15.92, S2: $15.64, S3: $15.17
- Pivot point: $16.39
News Sentiment Impact Recent news indicates some negative pressure, with SBS being among the top losers last week with an 8.40% decline. However, analysts maintain optimistic targets, with the average analyst target price at $23.75, suggesting a potential upside of 63.79%.
Price Prediction for Next Week Based on technical indicators and Fibonacci levels:
- Most likely scenario (60% probability): Price consolidation between $15.92 (S1) and $16.85 (R1)
- Bullish scenario (25% probability): Break above $16.85 targeting $17.14
- Bearish scenario (15% probability): Drop below $15.92 towards $15.64
Trading Recommendation: HOLD Current price levels suggest a consolidation phase is likely. While long-term analyst targets are bullish, short-term technical indicators suggest waiting for a better entry point below $15.92 for new positions.
Target price for next week: $16.65
SBS Similar Chart Price Prediction
The price of SBS is predicted to go up -1.42%, based on the high correlation periods with SAP. The similarity of these two price pattern on the periods is 98.81%.
SBS
SAP
Down: -1.42%Similarity: 98.81%
