SCI Price Prediction Next Week
Technical Analysis: Based on recent price action, SCI shows a bullish momentum with RSI(14) at 51.70, indicating neutral territory. The stock is trading above its key moving averages (SMA 5: $78.26, SMA 20: $78.23, SMA 200: $76.87), suggesting an overall upward trend.
Price Levels:
- Support levels: $75.00 (Fibonacci S1), $72.76 (Fibonacci S2)
- Resistance levels: $82.27 (Fibonacci R1), $84.51 (Fibonacci R2)
- Current price: $78.51 (Pre-market)
Technical Indicators:
- MACD (-0.19) with histogram (0.29) shows potential bullish momentum building
- Bollinger Bands (Middle: $78.23, Upper: $82.99) indicate room for upward movement
- Stochastic RSI (61.84) suggests moderate bullish momentum
News Impact: Recent Q4 earnings beat expectations, driving a 9.3% stock price increase. The company demonstrated strong financial performance, indicating robust business fundamentals.
Price Prediction for Next Week: Based on technical analysis and positive news sentiment:
- Target Price: $82.50 (near Fibonacci R1)
- Stop Loss: $75.00 (Fibonacci S1)
Trading Recommendation: BUY
- Entry Point: Current market price ($78.51)
- First Target: $82.27 (Fibonacci R1)
- Second Target: $84.51 (Fibonacci R2)
- Stop Loss: $75.00
The stock shows strong technical setup with positive momentum and fundamental backing from recent earnings. The risk-reward ratio is favorable for a long position.
SCI Similar Chart Price Prediction
The price of SCI is predicted to go up 25.51%, based on the high correlation periods with VTAK. The similarity of these two price pattern on the periods is 92.32%.
SCI
VTAK
Up: 25.51%Similarity: 92.32%
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SCI Analyst's Forecast
Scott Schneeberger
Oppenheimer
Buy
2024-12-13
Price Target
$86 → $92
Upside
+7.15%
Oppenheimer raised the firm's price target on Service Corp. to $92 from $86 and keeps an Outperform rating on the shares after meeting with CFO Eric Tanzberger at the firm's Industrial Summit. Service Corp.'s ng-term growth opportunity appears intact, as the company is well-positioned to capitalize on an aging baby boomer population, and sell pre-need contracts to build its trust fund portfolio and gain advanced market share, the analyst tells investors in a research note.
John Ransom
Raymond James
Buy
2024-11-01
Price Target
$80 → $85
Upside
+4.14%
