TX Price Prediction Next Week
Technical Analysis
Recent price action shows TX has formed a bearish trend, with the stock declining from $37.57 to $29.79 over the past trading sessions. The stock is currently testing key support around $29.50.
News Impact
- Upcoming earnings release on February 18th with expected revenue of $4.32 billion and EPS of $0.76
- Environmental concerns in Mexico as regulators ordered halt of wastewater release, though company claims operations continue normally
- Mixed institutional sentiment with 41 investors increasing positions while 109 reduced holdings
Price Forecast for Next Week Based on technical indicators and news sentiment:
Target Prices:
- Support: $29.50
- Resistance: $31.20
- Most Likely Range: $29.80-$30.50
The stock is likely to remain under pressure due to:
- Bearish technical momentum
- Environmental regulatory challenges in Mexico
- Mixed institutional sentiment
- Pre-earnings uncertainty
Recommendation: SELL
- Current price ($29.79) shows weakness
- Multiple headwinds could drive further downside
- Set stop loss at $31.20
- Price target: $28.50 within next week
The stock may see a brief technical bounce but overall trend remains bearish heading into earnings. Traders should consider taking short positions with tight stops above $31.20.
TX Similar Chart Price Prediction
The price of TX is predicted to go up 8.21%, based on the high correlation periods with BOOT. The similarity of these two price pattern on the periods is 92.59%.
TX
BOOT
Up: 8.21%Similarity: 92.59%
