TDS Price Prediction Next Week
Analysis and Insights
To predict the stock price of Telephone & Data Systems (TDS) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
TDS is currently trading at $37.6, with a Relative Strength Index (RSI) of 56.48, indicating a neutral position. The MACD is slightly bearish, with a value of -0.13, suggesting potential downward momentum. Fibonacci levels indicate a pivot point at $34.57, with resistance at $36.56 and $37.80.
News Sentiment and Recent Developments:
- Dividend Information: TDS recently paid a dividend of $0.04 per common share, with the stock showing a 0.9% increase in common shares.
- Options Trading: High volume in put options, particularly the $25 strike expiring May 16, suggests bearish sentiment.
- Earnings Report: TDS reported a 5.6% decline in Q4 revenue, missing analyst expectations, but achieved better-than-expected EPS.
Price Prediction:
Based on technical indicators and news sentiment, TDS is expected to trade around $36.50 next week. The stock may face resistance at higher levels, leading to a potential decline.
Recommendation:
Sell TDS at its current price of $37.6, as technical indicators and options activity suggest a bearish trend.
TDS Similar Chart Price Prediction
The price of TDS is predicted to go up 3.72%, based on the high correlation periods with POOL. The similarity of these two price pattern on the periods is 95.1%.
TDS
POOL
Up: 3.72%Similarity: 95.1%
TDS Revenue Forecast
TDS EPS Forecast
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TDS Analyst's Forecast
Ric Prentiss
Raymond James
Hold → Buy
2024-11-07
Price Target
$51
Upside
+57.16%
Raymond James upgraded Telephone and Data (TDS) to Outperform from Market Perform with a $51 price target. Following the results of the 2024 Presidential election, the firm sees "significant upside" in shares of U.S. Cellular (USM) and Telephone and Data given the ongoing strategic review and announced asset sales at the former. The analyst now feels the regulatory path to approval is cleaner and timeline should be better. Raymond James is now less concerned about the negative catalyst of the T-Mobile (TMUS) deal not going through as currently proposed.
