Stock Price Prediction

Based on the provided data and recent market developments, here's a comprehensive analysis for TTEK's price prediction for next week:

Technical Analysis

The technical indicators show bearish signals:

• RSI at 20.54 indicates oversold conditions
• Current price at $34.04 is trading below both SMA-20 ($38.58) and SMA-200 ($43.08), suggesting a strong downtrend
• MACD at -1.95 confirms bearish momentum

News Impact Analysis Several significant developments are affecting TTEK:

1. Maxim downgraded TTEK to Hold from Buy, citing:

• Reduced outlook for U.S. federal government work under current administration
• U.S. federal government accounted for 32.2% of fiscal 2024 revenue
• USAID revenue, including Ukraine work, was 13% of revenue in fiscal 2024

2. Recent insider activity shows selling pressure:

• Director Kirsten M Volvi sold 1,671 shares
• Insiders conducted 7 sales and no purchases in past 6 months
• Institutional investors: 261 increased positions while 280 reduced holdings

Price Target for Next Week Based on technical and fundamental factors:

• Support level: $32.29 (Fibonacci S1)
• Resistance level: $38.38 (Fibonacci R1)

Expected price range for next week: $32.60 - $35.50 Most probable target: $33.20

Trading Recommendation: SELL Rationale:

• Downgrade from major analyst
• Negative insider sentiment
• Technical indicators showing bearish momentum
• Reduced federal government work outlook affecting significant revenue portion

The stock is likely to continue its downward trend next week due to the combination of technical weakness and fundamental concerns about government contract revenues.