TSEM Price Prediction Next Week
Analysis and Insights
To predict the stock price of Tower Semiconductor (TSEM) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
- RSI (14): 36.63, indicating oversold conditions, suggesting potential for a short-term rebound.
- MACD: -2.15, showing bearish momentum, but the MACD histogram is forming a bullish divergence.
- Fibonacci Levels:
- Pivot Point: $37.62
- Resistance 1: $39.13
- Resistance 2: $40.07
News Sentiment:
- TSEM has faced recent declines, down 8.1%, as part of broader semiconductor sector weakness.
- TSMC's joint venture discussions with U.S. chip designers could indirectly benefit TSEM.
Prediction and Recommendation:
Based on oversold conditions and potential rebound, TSEM is expected to reach $40.07 next week. However, given resistance levels and sector weakness, a sell position is recommended.
TSEM Similar Chart Price Prediction
The price of TSEM is predicted to go up -9.66%, based on the high correlation periods with IMRN. The similarity of these two price pattern on the periods is 98.69%.
TSEM
IMRN
Down: -9.66%Similarity: 98.69%
TSEM Revenue Forecast
TSEM EPS Forecast
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TSEM Analyst's Forecast
Cody Acree
Benchmark
Strong Buy
2024-11-15
Price Target
$55 → $60
Upside
+34.68%
Benchmark raised the firm's price target on Tower Semiconductor to $60 from $55 and keeps a Buy rating on the shares after the company posted "a strong September print and gave an even better December outlook." For a company that "rarely posts blowout quarters or highly surprising guidance," Tower provided a much better than expected forecast for December, the analyst tells investors.
Richard Shannon
Craig-Hallum
Strong Buy
2024-11-14
Price Target
$54 → $60
Upside
+29.59%
Medhi Hosseini
Susquehanna
Buy
2024-11-14
Price Target
$55 → $60
Upside
+29.59%
