TIMB Price Prediction Next Week
Technical Analysis
TIMB has shown a clear downward trend over the past week, falling from $17.75 to $15.01. The stock has broken below its key support level at $17.00, indicating increased selling pressure. The volume pattern shows higher-than-average selling volume, confirming the bearish sentiment.
Price Action and News Impact Recent price action shows TIMB experiencing significant weakness, with the stock closing at $15.01 on February 19, 2025 . A notable development is Scotiabank's recent price target reduction from $23.20 to $17.60, which has likely contributed to the negative sentiment.
Key Technical Levels
- Current Price: $15.01
- Immediate Resistance: $15.50
- Key Support: $14.90
- Next Support: $14.50
Next Week Price Prediction Based on technical indicators and recent news sentiment:
- Target Price Range: $14.50 - $15.25
- Most Likely Scenario: Further decline to $14.70
Trading Recommendation SELL with the following parameters:
- Entry: Current market price ($15.01)
- Stop Loss: $15.50
- Target: $14.70
- Risk/Reward Ratio: 1:1.6
The bearish momentum is expected to continue based on:
- Breaking below key support levels
- Negative analyst sentiment
- Increased selling volume
- Deteriorating technical indicators
TIMB Similar Chart Price Prediction
The price of TIMB is predicted to go up -5.22%, based on the high correlation periods with LZB. The similarity of these two price pattern on the periods is 98.63%.
TIMB
LZB
Down: -5.22%Similarity: 98.63%
TIMB Revenue Forecast
TIMB EPS Forecast
TIMB FAQs
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TIMB VS S&P500
TIM claims roughly 24% of the Brazilian wireless market, which should give it plenty of scale to generate strong cash flows.
The company has a strong balance sheet to weather economic downturns and enough dry powder for it to take advantage of consolidation opportunities.
As the Brazilian economy recovers and grows, TIM should be a prime beneficiary as customers increasingly demand wireless data services.
TIMB Analyst's Forecast
Andres Coello
Scotiabank
Buy
2025-02-12
Price Target
$23 → $18
Upside
+17.49%
Scotiabank lowered the firm's price target on Tim SA to $17.60 from $23.20 and keeps an Outperform rating on the shares. The company modestly outperformed others in the space since early November, but is still well below the 2024 highs, the analyst tells investors.
Mathieu Robilliard
Barclays
Hold
2025-01-14
Price Target
$18 → $16
Upside
+33.51%
Leonardo Olmos
UBS
Strong Buy → Hold
2024-12-09
Price Target
n/a
Downside
0%
