WS Price Prediction Next Week
Analysis and Insights
News Impact Analysis:
EU Steel Import Reduction: The European Union's plan to cut steel imports by 15% is expected to benefit U.S. steel producers, including Worthington Steel (WS). This policy could lead to increased demand for domestic steel products, potentially boosting WS's revenue and stock price.
Ex-Dividend Date: WS will trade ex-dividend on March 14, 2025, which may cause a short-term decrease in stock price due to the dividend payout.
Technical Analysis:
- Relative Strength Index (RSI): WS's RSI is 47.08, indicating a neutral position, suggesting no strong buy or sell signal.
- MACD: The MACD line is slightly below the signal line, indicating bearish momentum.
- Fibonacci Levels: Resistance at $28.36 and support at $25.54.
Price Prediction:
Based on the analysis, WS is expected to trade between $26.40 and $28.36. The average price prediction for the next trading week is $27.38.
Recommendation:
Buy on dips, targeting the upper resistance level of $28.36.
WS Similar Chart Price Prediction
The price of WS is predicted to go up -6.93%, based on the high correlation periods with DAN. The similarity of these two price pattern on the periods is 95.38%.
WS
DAN
Down: -6.93%Similarity: 95.38%
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WS Analyst's Forecast
Philip Gibbs
Keybanc
Buy
2025-03-07
Price Target
$41 → $34
Upside
+30.02%
KeyBanc lowered the firm's price target on Worthington Steel to $34 from $41 and keeps an Overweight rating on the shares. The firm says that following recent due diligence on Worthington Steel and ahead of its Q3 earnings release on March 19, KeyBanc lowered its FY25-FY27 EPS views given near-term automotive supply chain, mix, macro volatility.
