WRD Price Prediction Next Week
Technical Analysis:
Based on the latest data for WeRide (WRD), the stock closed at $19.95 on February 28, 2025, with a post-market increase of 2.01% to $20.35.
The technical indicators show:
- RSI (14) at 48.97 indicates neutral momentum
- MACD line at 1.98 with signal line at 2.63 suggests weakening bullish momentum
- Stochastic (14,3,3) at 20.88 indicates oversold conditions
- Price is trading below SMA 10 (26.74) but above SMA 60 (16.81)
News Analysis:
Recent significant news:
- WeRide announced its first European fully driverless commercial Robobus deployment in France
- Partnership with beti, Renault Group, and Macif
- Operations starting March 10, 2025
- Initial phase running until April 19, followed by second phase in July
Price Prediction for Next Week:
Based on technical analysis and news sentiment:
Support Levels:
- Strong support: $18.78 (recent low)
- Fibonacci support: $20.21
Resistance Levels:
- Immediate resistance: $20.49 (recent high)
- Fibonacci resistance: $39.47
Price Target Scenarios:
Bullish Case (60% probability): $22-23 range
- Catalyst: Positive sentiment from European expansion
- Strong institutional backing from Nvidia
Bearish Case (40% probability): $18-19 range
- Risk: Potential market volatility and profit-taking
Trading Recommendation: BUY
Entry points:
- Immediate entry at current price ($20.35)
- Better entry on pullbacks to $19.50-19.80 range
Stop loss: Set at $18.50 (below recent low) Take profit: First target $22.00, second target $23.00
The positive news about European expansion and strategic partnership with major automotive players provides strong fundamental support for upward movement. The oversold technical conditions suggest a potential bounce, while the price remains above key moving averages, indicating underlying strength.
WRD Similar Chart Price Prediction
The price of WRD is predicted to go up 22.67%, based on the high correlation periods with WKEY. The similarity of these two price pattern on the periods is 99%.
WRD
WKEY
Up: 22.67%Similarity: 99%
WRD Revenue Forecast
WRD EPS Forecast
WRD FAQs
What is bull’s view on WRD?
What is bear's view on WRD?
WRD Analyst's Forecast
Alex Yao
JP Morgan
Buy
2025-01-24
Price Target
$21
Upside
+37.08%
JPMorgan initiated coverage of WeRide with an Overweight rating and $21 price target. WeRide is a leading global autonomous driving company that develops technologies from Level 2 to Level 4 for a wide range of use cases, including advanced driver assistance systems solutions, robobus, robosweeper, robovan and robotaxi, the analyst tells investors in a research note. The firm says WeRide is also the first autonomous driving company in the world with products operating and testing in 30 cities and nine countries across Asia, the Middle East and Europe. It expects WeRide to benefit from global autonomous driving adoption in the next three to five years.
Tim Hsiao
Morgan Stanley
Buy
2024-11-19
Price Target
$23
Upside
+34.19%
