Based on the provided data and recent market activity, here's a comprehensive analysis and price prediction for SONY stock for the next trading week:
Technical Analysis
The stock has shown a consolidation pattern over the past week, trading between $20.71 and $21.38. The RSI-14 at 51.25 indicates neutral momentum, neither overbought nor oversold. The MACD indicator shows a slight positive divergence at 0.06, suggesting potential upward momentum.
Price Levels Analysis
Fundamental Catalysts
Price Prediction for Next Week Based on technical indicators and fundamental catalysts:
Trading Recommendation BUY with entry point at current levels ($20.83) with a stop loss at $20.40 and initial target at $21.40. The stock shows strong fundamental support with positive analyst coverage and technical indicators suggesting upward momentum.
The price of SONY is predicted to go up 12.85%, based on the high correlation periods with SEE. The similarity of these two price pattern on the periods is 93.38%.
SONY
SEE
PlayStation VR 2 will not only be used for games, but will also be a breakthrough mode of entertainment for media such as movies, music, and sports, and will deliver new demand to the PlayStation ecosystem.
Diffusion of the multi-camera technology on handsets, and new demand from the automotive industry, will boost demand for image sensors, from which Sony will benefit.
While tough competition in the electronics industry will continue, the capable management team can control the risk.
Oppenheimer
Price Target
$108 → $25
Upside
+33.9%
TD Cowen
Price Target
$107 → $23
Upside
+21.18%