SNEX Price Prediction Next Week
Based on the provided data and context, here's the analysis for SNEX stock price prediction for next trading week:
Technical Analysis
StoneX Group (SNEX) shows mixed technical signals:
- Current price: $2.92 with high volatility of 15.92%
- Stock lies in a weak rising trend in short term
- Sell signals from both short and long-term Moving Averages
- Resistance levels at $3.12 and $3.09
- Support level at $2.90
News Sentiment Analysis
- Recent positive coverage highlighting SNEX's strong performance in commercial, institutional, retail and global payments segments
- Expected earnings growth of 9.3% for current fiscal year (ending September 2025)
- Zacks Consensus Estimate improved 7.7% over last 7 days, indicating positive analyst sentiment
Price Prediction for Next Week (March 4-8, 2025) Based on technical analysis and volatility metrics:
- Expected trading range: $2.69 - $4.46 (90% probability)
- Most likely scenario: Price rise of 6.84% over next 3 months
- Short-term target: $3.08 for Tuesday, March 4
- Daily trading range expectation: $2.53 - $3.31
Trading Recommendation SELL recommendation based on:
- Multiple sell signals from moving averages
- High volatility indicating increased risk
- Weak upward trend suggesting limited upside potential
- Recent pivot top formation suggesting further downside
The stock is expected to test support at $2.90 before potentially finding a new bottom. Traders should wait for a clear bottoming pattern before considering new long positions.
SNEX Similar Chart Price Prediction
The price of SNEX is predicted to go up -0.96%, based on the high correlation periods with FERG. The similarity of these two price pattern on the periods is 97.53%.
SNEX
FERG
Down: -0.96%Similarity: 97.53%
