SIG Price Prediction Next Week
Analysis and Insights
To predict the stock price of Signet Jewelers (SIG) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
Signet Jewelers has faced recent challenges, with Telsey Advisory lowering its price target from $65 to $55, citing disappointing holiday sales and reduced Q4 guidance. Additionally, Select Equity, holding a 9.7% stake, has urged SIG to consider a sale, reflecting concerns about its performance and market position.
Technical Analysis:
SIG's stock shows an RSI of 38.48, indicating oversold conditions, which may suggest a potential rebound. The MACD is negative, signaling bearish momentum. Fibonacci levels show support at $46.14 and resistance at $52.11. Recent price action closed at $48.35, near the lower Fibonacci support.
Price Prediction and Recommendation:
Given the bearish trend and oversold conditions, SIG may see a slight rebound but is expected to remain under pressure. Predicted price: $47.50. Recommendation: Sell or avoid SIG for the next week.
SIG Similar Chart Price Prediction
The price of SIG is predicted to go up 24.66%, based on the high correlation periods with TIPT. The similarity of these two price pattern on the periods is 96.21%.
SIG
TIPT
Up: 24.66%Similarity: 96.21%
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SIG Analyst's Forecast
Dana Telsey
Telsey Advisory Group
Hold
2025-03-13
Price Target
$65 → $55
Upside
+18.48%
Telsey Advisory analyst Dana Telsey lowered the firm's price target on Signet Jewelers to $55 from $65 and keeps a Market Perform rating on the shares. The company's holiday sales and Q4 guidance reduction were disappointing, especially since this comes after most other retailers preannounced better-than-expected or in-line holiday sales, the analyst tells investors. The firm remains cautious on the uncertain macro environment and its impact on the company's mass consumer.
Ike Boruchow
Wells Fargo
Buy
2024-10-23
Price Target
$105 → $110
Upside
+17.5%
