WHR Price Prediction Next Week
Technical Analysis: Based on recent price action, WHR is showing bearish momentum with RSI at 40.92 indicating a neutral-bearish sentiment. The stock has crossed below its 200-day moving average, suggesting weakening technical strength.
Price Levels Analysis:
- Current Price: $104.85
- Key Fibonacci levels:
- Resistance R1: $106.04
- Support S1: $98.85
- Pivot: $102.44
News Sentiment: Recent news indicates disappointing quarterly performance, with Jim Cramer suggesting investors "move on" from the stock. The stock has also recently fallen below its 200-day moving average, which is typically a bearish technical signal.
Next Week's Price Prediction: Based on technical indicators and negative sentiment:
- Target Price Range: $98.85 - $102.44
- Most Likely Scenario: Price decline toward first support at $98.85
- Stop Loss Level: $106.04 (R1 resistance)
Trading Recommendation: SELL
- Entry Point: Current market price ($104.85)
- First Target: $98.85 (S1 support)
- Second Target: $96.63 (S2 support)
The combination of weak technical indicators, negative news sentiment, and break below key moving averages suggests further downside potential in the coming week.
WHR Similar Chart Price Prediction
The price of WHR is predicted to go up -4.68%, based on the high correlation periods with VRTS. The similarity of these two price pattern on the periods is 98.84%.
WHR
VRTS
Down: -4.68%Similarity: 98.84%
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WHR Analyst's Forecast
Michael Rehaut
JP Morgan
Hold
2024-10-29
Price Target
$103 → $109
Upside
+6.14%
JPMorgan raised the firm's price target on Whirlpool to $109 from $103 and keeps a Neutral rating on the shares following the Q3 report. The company reiterated its 2024 guidance across several key metrics including sales, margins, free cash flow and operating earnings, as a greater tax benefit was roughly offset by Q3's negative Europe, the Middle East and Africa impact and further softness in North American demand, the analyst tells investors in a research note.
Mike Dahl
RBC Capital
Sell
2024-10-25
Price Target
$76 → $74
Downside
-28.88%
Rafe Jadrosich
B of A Securities
Sell
2024-10-25
Price Target
$101 → $103
Downside
-1.01%
