Stock Price Prediction

Based on the provided data and current market conditions, here is the analysis for WLK's price prediction for next week:

Technical Analysis

• Current RSI (14) at 40.06 indicates neutral to slightly oversold conditions
• MACD shows bearish momentum with -1.08 reading
• Price is trading below all major moving averages (SMA 20/60/200)
• Bollinger Bands show price near lower band (105.43), suggesting potential support level
• Stochastic RSI indicates oversold conditions with potential for bounce

Fundamental Catalysts

• Q4 earnings release scheduled for Monday, February 24 pre-market
• Analysts expect EPS of $1.04, representing 44.44% increase year-over-year
• Revenue forecast at $2.97 billion vs $2.83 billion last year
• Recent analyst actions have been mixed:
  • Citigroup upgraded to Buy with $140 PT
  • BMO Capital maintained Market Perform with $165 PT
  • UBS maintained Neutral with $144 PT

Price Targets for Next Week

Bearish Case ($105-107):

• Break below current support could trigger further selling
• Weak Q4 earnings could accelerate downside
• Overall market sentiment remains negative with Fear & Greed index at 35.4

Base Case ($109-112):

• Stock likely to consolidate near current levels
• Technical indicators suggest oversold bounce
• Support at Fibonacci S1 level of $109.74

Bullish Case ($114-116):

• Strong earnings beat could trigger short covering
• Break above Fibonacci pivot at $113.26 opens path to R1 at $116.79
• RSI bounce from oversold levels

Conclusion Based on technical setup and upcoming earnings catalyst, WLK is likely to trade in $109-112 range next week with 60% probability. Recommend HOLD position until earnings release provides clearer direction. Key support at $109.74 and resistance at $113.26.