SBS Price Prediction Next Week
Stock Price Prediction for SBS
Technical Analysis:
- Price Trends: SBS is currently trading at $16.62, below its 200-day moving average of $16.75, indicating bearish momentum.
- RSI: The RSI_14 is at 53.32, suggesting the stock is not in overbought or oversold territory.
- MACD: The MACD line is slightly above the signal line, indicating a weak bullish signal.
- Stochastic Oscillator: %K (33.57) is below %D (24.70), indicating bearish momentum.
Fibonacci Levels:
- Resistance Levels: $17.01 (R1), $17.36 (R2), $17.94 (R3)
- Support Levels: $15.86 (S1), $15.51 (S2), $14.94 (S3)
- Pivot Point: $16.44
News Sentiment:
- SBS recently crossed below its 200-day moving average, a bearish signal.
- The stock is part of the First Trust Water ETF (FIW), which has an implied analyst target price of $120.40, suggesting potential upside for SBS.
Price Prediction:
Based on technical indicators and Fibonacci levels, SBS is expected to face resistance at $17.01 and $17.36. The stock may struggle to break above these levels, leading to a potential pullback to the support levels.
Recommendation:
Sell SBS at the next resistance level of $17.01, with a target price of $15.86.
SBS Similar Chart Price Prediction
The price of SBS is predicted to go up -24.53%, based on the high correlation periods with NOC. The similarity of these two price pattern on the periods is 94.42%.
SBS
NOC
Down: -24.53%Similarity: 94.42%
