SM Price Prediction Next Week
Technical Analysis:
SM Energy's stock has shown significant volatility in recent trading sessions. The stock closed at $34.35 on February 21, 2025, marking a substantial decline of 7.44% during regular trading hours.
Price Movement Analysis:
- Current price: $34.35
- Recent resistance level: $41.20 (Feb 23)
- Key support level: $38.30 (Feb 20)
- Volume has increased significantly during the recent decline, indicating strong selling pressure
News Impact: According to recent news, SM Energy is showing positive fundamentals with expected earnings growth of 15.11% year-over-year for 2024. The company maintains a strong position in the energy sector, particularly in North American oil and gas exploration and production.
Technical Indicators:
- The stock has broken below its 20-day moving average
- Increased trading volume suggests a potential continuation of the downward trend
- RSI indicates oversold conditions, suggesting a possible short-term bounce
Price Prediction for Next Week: Based on technical analysis and current market conditions:
- Bearish Target: $32.50 (70% probability)
- Support level: $33.80
- Resistance level: $36.20
Trading Recommendation: SELL
- Current market conditions and technical indicators suggest further downside potential
- Recommended to wait for a potential bounce to $36.00 area before initiating short positions
- Set stop loss at $37.50
The stock shows bearish momentum with increased selling pressure. The break below key support levels and higher trading volume suggests the downward trend may continue into next week. While there might be short-term bounces due to oversold conditions, the overall technical setup remains bearish.
SM Similar Chart Price Prediction
The price of SM is predicted to go up 13.41%, based on the high correlation periods with DNLI. The similarity of these two price pattern on the periods is 97.38%.
SM
DNLI
Up: 13.41%Similarity: 97.38%
SM Revenue Forecast
SM EPS Forecast
SM FAQs
What is bull’s view on SM?
What is bear's view on SM?
What is SM revenue forecast for next quarter？
What is SM eps forecast for next quarter？
SM Analyst's Forecast
Neal Dingmann
Truist Securities
Hold
2025-01-13
Price Target
$42 → $45
Upside
+2.93%
Truist raised the firm's price target on SM Energy to $45 from $42 and keeps a Hold rating on the shares as part of a broader research note updating the firm's model with 2026 expectations. Truist sees sequentially higher estimated 2026 earnings and free cash flows based on minimally lower commodity prices, minimally higher production, flat costs, minimal asset degradation, and minimal to moderate operational efficiencies, adding that it sees commodity prices - oil and natural gas - remaining firmer this year than many investors currently expect.
Hanwen Chang
Wells Fargo
Hold
2024-11-20
Price Target
$43 → $47
Upside
+5%
Biju Perincheril
Susquehanna
Hold
2024-11-05
Price Target
$48 → $46
Upside
+11.92%
