SPR Price Prediction Next Week
Technical Analysis
SPR's stock has formed a bearish pattern over the past week, with price declining from $30.20 to $29.17. The stock is trading below both its 20-day and 50-day moving averages, indicating bearish momentum.
News Impact
Recent news shows mixed sentiment:
- Positive: Boeing's plan to boost 737 production by closing shadow factories could benefit Spirit AeroSystems (SPR) as a key supplier
- Negative: Department of Defense's announcement of $50 billion in spending cuts could impact defense contractors
Price Prediction for Next Week
Based on technical indicators and news sentiment:
Target Prices:
- Resistance: $30.50
- Support: $28.40
- Most Likely Range: $28.80-$29.50
The stock is likely to remain under pressure due to:
- Bearish technical indicators
- Defense spending cut concerns
- Overall market uncertainty
Recommendation: SELL
- Current price shows weakness with declining volume
- Multiple resistance levels overhead
- Defense sector headwinds from potential budget cuts
- Set stop loss at $30.00
- Price target: $28.40
The stock is expected to test support levels around $28.40 next week. Traders should consider taking short positions with strict risk management.
SPR Similar Chart Price Prediction
The price of SPR is predicted to go up -2.78%, based on the high correlation periods with RMCF. The similarity of these two price pattern on the periods is 92.68%.
SPR
RMCF
Down: -2.78%Similarity: 92.68%
SPR Revenue Forecast
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SPR FAQs
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SPR VS S&P500
Commercial aerospace manufacturing has a highly visible revenue runway from increasing flights per capita as middle-class demand in emerging markets grows.
Spirit has the opportunity to benefit from operating leverage as production volumes of its primary product lines ramp up in coming years.
Spirit has somewhat diversified its customer base into defense and aftermarket services, which can make it less susceptible to customer-specific risk.
