SPB Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Spectrum Brands Holdings Inc (SPB) is currently showing signs of being oversold, with an RSI of 27.6, indicating potential buying opportunities. The stock price has recently dropped to $70.42, and the Fibonacci support levels suggest a potential bounce.
Fibonacci Levels:
The Fibonacci levels indicate that SPB is currently trading near the S1 support level of 69.29. If the stock bounces off this level, it could target the R1 level of 75.57.
Conclusion:
Based on the oversold RSI and nearby Fibonacci support, SPB is expected to rebound. The target price for the next trading week is $75.57. It is recommended to buy at the current price level of $71.26.
SPB Similar Chart Price Prediction
The price of SPB is predicted to go up 10.91%, based on the high correlation periods with PEP. The similarity of these two price pattern on the periods is 98.47%.
SPB
PEP
Up: 10.91%Similarity: 98.47%
SPB Revenue Forecast
SPB EPS Forecast
SPB FAQs
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SPB Analyst's Forecast
Brian McNamara
Canaccord Genuity
Hold
2024-11-18
Price Target
$91 → $94
Upside
+4.18%
Canaccord analyst Brian McNamara raised the firm's price target on Spectrum Brands to $94 from $91 and keeps a Hold rating on the shares. The firm said they reported mixed Q4 results, with sales roughly 4% ahead of consensus, while profitability metrics missed.
