SPXC Price Prediction Next Week
Analysis and Insights
To predict the stock price of SPXC for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
SPXC's stock price is currently trading at $132.79, with a 52-week range of $100.59 to $183.83. The stock has recently crossed below its 200-day moving average, indicating potential bearish momentum. Key technical indicators include:
- RSI (14): 41.98, suggesting the stock is not yet oversold but is in a bearish zone.
- MACD: -2.97, indicating bearish momentum.
- Stochastic Oscillator: 22.95, confirming bearish trends.
- Fibonacci Levels: Pivot at 143.89, resistance at 154.03, and support at 133.75 and 127.48.
News Sentiment and Recent Developments:
- Analyst Upgrades: SPXC received upgrades from Sidoti and Oppenheimer, with strong financial projections for FY25, including revenue estimates of $2.13B-$2.19B and EPS of $6.00-$6.25.
- Earnings Announcement: SPXC is set to announce its quarterly earnings on February 25th, with expectations of $543 million in revenue and $1.54 EPS.
- Institutional Activity: 170 institutional investors increased their holdings, while 203 reduced theirs, indicating mixed sentiment.
Price Prediction and Recommendation:
Based on the technical indicators and news sentiment, SPXC is expected to face downward pressure in the short term. The stock is likely to test the lower support levels of $127.48.
Predicted Price for Next Trading Week: $127.48
Recommendation: Sell
SPXC Similar Chart Price Prediction
The price of SPXC is predicted to go up 5.66%, based on the high correlation periods with DAC. The similarity of these two price pattern on the periods is 90.83%.
SPXC
DAC
Up: 5.66%Similarity: 90.83%
SPXC Revenue Forecast
SPXC EPS Forecast
SPXC FAQs
What is SPXC revenue forecast for next quarter？
What is SPXC eps forecast for next quarter？
SPXC Analyst's Forecast
Brad Hewitt
Wolfe Research
Buy
2024-11-25
Price Target
$199
Upside
+9.61%
Wolfe Research initiated coverage of SPX Technologies with an Outperform rating and $199 price target. The firm views SPX as an "early-stage compounder," operating in the "niche" HVAC and detection and measurement markets, with attractive growth opportunities both organically and inorganically. The company is positioned towards the high end of the value chain in engineered niches with plenty of runway for continued bolt-on acquisitions to its existing platforms, the analyst tells investors in a research note.
