TAK Price Prediction Next Week
Technical Analysis
TAK has shown a downward trend over the past week, with the stock price declining from $14.82 to $14.62. The stock has formed a bearish pattern with lower highs and lower lows. Key technical indicators suggest continued weakness:
- RSI indicates oversold conditions
- MACD shows bearish momentum
- Support level at $14.55
- Resistance level at $14.75
News Impact Recent positive developments:
- Leadership transition announced with CEO Weber retiring in June 2026
- Strong 4.5% revenue growth year-to-date
- Raised full-year guidance for 2024
- Announced JPY 100B share buyback program
Price Forecast for Next Week Based on technical analysis and positive news sentiment:
Target Prices:
- Support: $14.55
- Resistance: $14.75
- Most Likely Range: $14.60-$14.70
The stock is likely to consolidate within this range with slight upward bias due to:
- Positive fundamental developments
- Oversold technical conditions
- Strong financial outlook
Recommendation: BUY at current levels ($14.62) with target price of $14.70 for short-term trading. Set stop loss at $14.55.
TAK Similar Chart Price Prediction
The price of TAK is predicted to go up -18.92%, based on the high correlation periods with TURB. The similarity of these two price pattern on the periods is 95.7%.
TAK
TURB
Down: -18.92%Similarity: 95.7%
