SSL Price Prediction Next Week
SSL Stock Price Prediction and Recommendation
Based on the analysis of technical indicators and recent news sentiment, here is the prediction for Sasol (SSL) stock price for the next trading week:
Technical Analysis:
- RSI (6-period): 34.04, indicating oversold conditions.
- MACD: Slightly negative, suggesting bearish momentum.
- Stochastic Oscillator: Showing a bullish crossover in oversold territory, indicating potential reversal.
News Sentiment:
- Earnings Decline: Reported a 52% decrease in EPS and a 31% drop in HEPS, with a 10% decline in revenue.
- Sector Performance: Rose 10.7% following positive earnings reports from sector peers.
Fibonacci Levels:
- Pivot Point: 4.28
- Resistance Levels: 4.42, 4.50
- Support Levels: 4.14, 4.06
Price Prediction:
The stock is expected to trade between $4.30 and $4.06 next week, with a potential upside to $4.30 if bullish momentum strengthens.
Recommendation:
Sell SSL stock at the next resistance level of $4.30, as the overall trend remains bearish despite short-term bullish signals.
SSL Similar Chart Price Prediction
The price of SSL is predicted to go up -16.9%, based on the high correlation periods with BBLG. The similarity of these two price pattern on the periods is 91.62%.
SSL
BBLG
Down: -16.9%Similarity: 91.62%
