WDS Price Prediction Next Week
Technical Analysis:
- RSI (14) at 38.14 indicates oversold conditions
- MACD showing bearish momentum with -0.19
- Price trading below all major moving averages (5,10,20,60,200,250)
- Bollinger Bands showing price near lower band (14.42), suggesting potential bounce
News Impact:
- Citi maintains Sell rating with price target of A$23.00
- CEO warns of challenges in Australian energy market due to higher costs and regulations
- Market consensus remains Hold with average price target of A$26.75
Price Prediction for Next Week: Based on technical indicators and recent news sentiment:
- Support levels: $14.68 (Fibonacci S1), $14.38 (Fibonacci S2)
- Resistance levels: $15.67 (Fibonacci R1), $15.97 (Fibonacci R2)
Target Price Range:
- Bearish scenario (60% probability): $14.30-14.50
- Neutral scenario (30% probability): $14.50-14.80
- Bullish scenario (10% probability): $14.80-15.20
Recommendation: SELL
- Current price showing weakness below all major moving averages
- Negative analyst sentiment from Citi
- Challenging macro environment for Australian energy sector
- Suggested entry for short positions at current levels ($14.59) with stop loss at $15.00
WDS Similar Chart Price Prediction
The price of WDS is predicted to go up -13.18%, based on the high correlation periods with VTLE. The similarity of these two price pattern on the periods is 93.23%.
WDS
VTLE
Down: -13.18%Similarity: 93.23%
