Based on the recent data and technical analysis, here is the price prediction for TOST for the next trading week:
Technical Analysis:
- RSI (14) at 42.12 indicates neutral territory but trending downward
- MACD shows bearish divergence with -0.29 histogram
- Price is currently testing the 20-day SMA support at $40.23
- Bollinger Bands show price near the middle band with reduced volatility
News Sentiment Analysis:
- Recent analyst updates are mixed to positive:
- DA Davidson raised price target to $42 from $38
- Management reported strong Q4 results with increased EBITDA forecasts
- Toast continues gaining market share in restaurant POS systems, with 127,000 locations and strong referral network
- Company is expanding internationally and into new markets like grocery
Price Target for Next Week:
Based on technical indicators and news sentiment:
- Support levels: $37.97 (Fibonacci S1), $36.60 (Fibonacci S2)
- Resistance levels: $42.38 (Fibonacci R1), $43.75 (Fibonacci R2)
Prediction: TOST is likely to trade between $37.97-$42.38 next week, with a higher probability of testing the lower support levels due to:
- Weakening technical indicators
- Overall market uncertainty
- Recent price consolidation after strong gains in 2024
Trading Recommendation: SELL
- Current price shows weakness in momentum indicators
- Stock has gained significantly over past year (+83%)
- Technical setup suggests potential pullback to support levels
- Optimal selling price: Current market price ($37.70)
- Target exit: $42.38 if upward momentum returns
- Stop loss: $36.60 (Fibonacci S2)
Based on the recent data and technical analysis, here is the price prediction for TOST for the next trading week:
Technical Analysis:
- RSI (14) at 42.12 indicates neutral territory but trending downward
- MACD shows bearish divergence with -0.29 histogram
- Price is currently testing the 20-day SMA support at $40.23
- Bollinger Bands show price near the middle band with reduced volatility
News Sentiment Analysis:
- Recent analyst updates are mixed to positive:
- DA Davidson raised price target to $42 from $38
- Management reported strong Q4 results with increased EBITDA forecasts
- Toast continues gaining market share in restaurant POS systems, with 127,000 locations and strong referral network
- Company is expanding internationally and into new markets like grocery
Price Target for Next Week:
Based on technical indicators and news sentiment:
- Support levels: $37.97 (Fibonacci S1), $36.60 (Fibonacci S2)
- Resistance levels: $42.38 (Fibonacci R1), $43.75 (Fibonacci R2)
Prediction: TOST is likely to trade between $37.97-$42.38 next week, with a higher probability of testing the lower support levels due to:
- Weakening technical indicators
- Overall market uncertainty
- Recent price consolidation after strong gains in 2024
Trading Recommendation: SELL
- Current price shows weakness in momentum indicators
- Stock has gained significantly over past year (+83%)
- Technical setup suggests potential pullback to support levels
- Optimal selling price: Current market price ($37.70)
- Target exit: $42.38 if upward momentum returns
- Stop loss: $36.60 (Fibonacci S2)