SJM Price Prediction Next Week
Analysis and Insights
Technical Analysis:
The stock price of J.M. Smucker Co. (SJM) has shown recent strength, rising 5.28% to $117.38 on March 7, 2025, amid broader market gains. The stock is trading near its recent highs, with technical indicators suggesting mixed signals.
- RSI (6, 12, 14): The RSI_6 is at 78.03, indicating overbought conditions, while the RSI_12 and RSI_14 are at 69.79 and 67.93, respectively, suggesting some pullback potential.
- Stochastic Oscillator: The StochK (76.89) and StochD (74.34) are both in overbought territory, which could signal a near-term correction.
- MACD: The MACD line (1.96) is above the signal line (0.83), indicating bullish momentum, but the gap is narrowing.
Fibonacci Levels:
The stock is currently trading near the first resistance level of $118.14, with a pivot point at $111.72. Support levels are at $105.30 and $101.33.
News Sentiment and Fundamentals:
- Recent Performance: SJM has outperformed its peers in the food sector, driven by strong demand for its packaged foods and coffee products. The stock has gained 5.28% in the last session, reflecting positive market sentiment.
- Earnings and Outlook: The company raised its annual adjusted earnings forecast, which has been well-received by investors.
Conclusion:
Based on the technical indicators and recent news, the stock is likely to face resistance at $118.14 next week. While the fundamentals remain strong, the overbought conditions suggest a potential pullback.
Prediction: The stock price of SJM is expected to trade around $118 next week.
Recommendation: Sell at current levels, as the stock may experience a correction due to overbought conditions.
SJM Similar Chart Price Prediction
The price of SJM is predicted to go up 12.06%, based on the high correlation periods with ICLK. The similarity of these two price pattern on the periods is 94.74%.
SJM
ICLK
Up: 12.06%Similarity: 94.74%
SJM Revenue Forecast
SJM EPS Forecast
SJM FAQs
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SJM VS S&P500
Even after paring back its pet exposure, Smucker has retained ownership of its strongest pet brands, which could allow it to benefit from the continued trend of increased pet ownership and spending.
Smucker's investment into Uncrustables' capacity and innovation should allow it to leverage its success in frozen sandwiches with new flavors and offerings, further boosting growth.
Despite years of languishing market share, Smucker is in a position to revitalize Folgers with new product innovation and rebranding to drive more robust top-line growth.
SJM Analyst's Forecast
Brian Holland
DA Davidson
Hold
2025-03-11
Price Target
$122 → $120
Upside
+5.02%
DA Davidson analyst Brian Holland lowered the firm's price target on J.M. Smucker to $120 from $122 and keeps a Neutral rating on the shares. The firm notes that while it appreciates the management taking corrective measures to address Hostess Brands' underperformance, it has long been skeptical of the acquisition where the issue may have been rationale for the deal rather than execution, the analyst tells investors in a research note. Coffee inflation also remains a mounting headwind and overall Food demand remains soft, weighing on both sales and profits, the firm added.
Andrew Lazar
Barclays
Hold
2025-03-03
Price Target
$123 → $119
Upside
+6.16%
Matthew Smith
Stifel
Hold
2025-01-24
Price Target
$125 → $120
Upside
+15.71%
